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A terrific week for rate cuts saw Woolwich, Abbey and Nationwide make deals more competitive, while the Post Office also seems to be getting its act together and is offering some excellent products




HERO OF THE WEEK is Woolwich for its excellent rates. There is now a two-year fixed rate at 2.98% for loans up to 70% LTV, with a minimum loan of £200,000. The fee is £1,999. It is also offering a two-year fixed deal at 3.39% with a £999 fee.


VILLAIN OF THE WEEK is the Financial Services Authority for recruiting Tony Blair’s former spin doctor. I’m not sure that now is the best time to make such a significant appointment, with the general election looming.



Welcome To The West Wing

Perhaps one of my favourite episodes of my favourite ever TV programme The West Wing was when Presidential candidates Jimmy Smits and Alan Alda went head-to-head in a US Presidential televised debate.


Abbey cuts offer time from 19 days to nine

Abbey for Intermediaries has more than halved the time it takes to get a mortgage offer since last August, but acknowledges there is still more work to be done in improving its service levels. Statistics from the lender show that as of March 28 the turnaround time from when an application is submitted to offer […]

Number of desperate sellers is rising

The number of distressed home sellers contacting property reco-very firm Property Portfolio Rescue in Q1 2010 was 20% higher than in Q1 2009. The company says some of those who were previously only marginally affected by the downturn are now being tipped over the edge, falling into debt and mortgage arrears as they underestimated the […]


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