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PMPA unveils near-prime fix

The Professional Mortgage Packagers Alliance has launched a near-prime two-year fixed rate of 5.79% from Preferred. The product is available for purchase only up to 80% LTV and is fixed until September 1 2009. There is no self-cert loading, no higher lending charge, and an arrangement fee of 1% applies.

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The HBOS iron fist loses its grip

A pre-close trading statement from HBOS reveals that the lending giant’s retention scheme has not delivered the anticipated results.As a result its mortgage market share has slipped. The group says it expects to deliver a robust financial performance in 2007.In retail, HBOS says it continues to enjoy “excellent” growth in savings and banking products whilst […]

Beacon appoints sales director

Beacon Homeloans has appointed Clive Willson as sales director.The sub-prime lender has also appointed Beverley Morris as head of sales.Andrew Townsend, group managing director at Beacon, says: I am delighted to announce Clive and Bevs appointments to these roles within Beacon Homeloans. They have both contributed enormously to the development of Beacon Homeloans, and am […]

Swift launches summer bonus

Swift Advances has launched a summer bonus for intermediaries with an additional 1% being paid on completed unregulated secured loan cases until the end of July. The additional 1% commission is payable on all non Consumer Credit Act second charges signed up and completed by July 31. All intermediaries need to do is send their […]

Planning rules could stall loft conversions

A government planning White Paper has been blasted by the Federation of Master Builders for potentially scuppering two-thirds of planned loft conversions.While presenting the White Paper to Parliament, communities secretary Ruth Kelly said: “There are parts of the system which can be costly, confusing and inaccessible. Our reforms will make it better focussed, fairer, faster […]

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