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BoS launches five B2L deals

Bank of Scotland has launched five buy-to-let products with rental income calculations based on 100% of the initial product pay rate. The range includes a two-year tracker at base rate plus 0.21% and a two-year fix at 5.99%, both with LTVs of 85%.

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TMW increases LTV on BTL range

The Mortgage Works has increased the maximum LTV for non-status rental calculations from 70% LTV to 75% LTV on all buy-to-let products.The specialist lender has launched seven- and 10-year fixed rate mortgage products, with rental calculations at 110% of pay rate up to 85% LTV, together with procuration fees of 0.60% and 0.75% respectively. In […]

Woolwich aims to exploit prime niches

Woolwich is making a marked effort to rejuvenate its position in the lending market and its strategy is showing signs of success.

MI online service offers ARs customised websites

Mortgage Intelligence has launched an online service that gives its app-ointed representatives the chance to have customised websites.Each website will be custom-built to members’ branding specifications and will include a jargon buster, a mortgage calculator and contact forms for clients to leave their details.Sally Laker, managing director of MI, says: “Today it is essential for […]

More Finance buys a tree for every new mortgage

Mortgage and loans brokerage More Finance has launched an initiative to buy a tree for every new mortgage and secured loan that completes in June and August.David Brackley, managing director of More Finance, says: “We wanted to create an initiative that would give something back to the environment. “However, we didn’t just want to pay […]

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