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UK trade figures confirm imbalanced economy, says Lib Dems

The Liberal Democrats say recently published trade figures show the UK economy is heading for another record deficit.

Malcolm Bruce MP, Liberal Democrat trade and industry spokesperson, says: “While house prices and consumer spending are booming, manufacturers and exporters are still facing a tough time. The government cannot simply rely on the Bank of England to resolve this fundamental imbalance.”

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Offsetting could slow the rate-chasing trend

Jan Errington, group mortgage marketing manager, Abbey for Intermediaries The impact of low interest rates cannot be overlooked when considering the remortgage market. Short-term fixed rates and discounted deals have proved popular as people switch lenders to take advantage of the best deals available. However, the Miles report has called for more attractive long-term offers. […]

Preferred adds extra 0.25% discount to larger loans

Preferred Mortgages has added an extra discount of 0.25% on all loans over £200,000. The extra discount means the total discount is now from 1.75%. The limited offer is available on all core range products until July 1 2005. John Webster, business development director at Preferred, says: “With house prices continuing to increase, larger loans […]

Heritable Bank launches limited tranche of self-cert and buy-to-let deals

Heritable Bank, the specialist mortgage lender, is launching a limited tranche of three-year fixed rate funding for self-certification and buy-to-let mortgages. Rates of 5.99% fixed until March 1 2007 are now available for LTVs of up to 75%. A rate of 6.24% is available for LTVs up to 85%. In addition to these, Heritable Bank […]

Lib Dems highlight crash worries

The Liberal Democrats say that a Treasury Select Committee report on the 2004 Budget showing commentators&#39 concerns over a housing market crash demonstrates the potential threat it poses to the economy. Norman Lamb MP, Liberal Democrat member of the committee, says: “It is clear that many independent commentators differ from the chancellor on the potential […]

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