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Coventry unveils offset tracker deal

Coventry has launched an offset tracker mortgage through brokers. Key features include a Flexx base rate tracker plus 0.1% until June 30, free valuations and no early repayment charges.

AMPD picks trading platforms

The Alliance of Mortgage Packagers and Distributors plans to use two technology platforms, Techlinx and Invent, for its members.

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Crown Equity Release becomes regulated

Crown Equity Release has been regulated by the Financial Services Authority.Mark King, managing director of Crown Equity Release, says: We are delighted to meet the FSAs exacting standards for Home Reversions and are pleased to be able to formally commit to the authoritys guidelines. “We regard FSA regulation as a kitemark of our first-rate customer […]

Employment rate drop shock

Employment rates have dropped surprisingly in the three months up to April this year.The number of people in employment for the three months ending in April 2007 was 29.01 million, down 10,000 over the quarter but up 87,000 over the year. This news may help the Bank of England, who will see the dip in […]

OEA passes 10,000 member mark

There has been a huge increase in the number of residential estate agency offices in England and Wales covered by the Ombudsman for Estate Agents scheme.The Ombudsman for Estate Agents has seen its membership rise by more than 2,500 since the beginning of the year.It now has over 10,200 full members.Christopher Hamer, Ombudsman for Estate […]

TMW expands the 100% LTV range

The Mortgage Works is launching three mortgages in the 100% mortgage portfolio.The new deals have an LTV of 99%, with an arrangement fee of 1% which can be added to the loan, taking the loan to 100% LTV. With rates starting from 5.99%, the products are designed for customers who have a small deposit and […]

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