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Lambeth lower five-year fixed rate

Lambeth Building Society has replaced its current five-year fixed rate of 5.59% with a new five-year fixed rate of 5.25% (APR 6.0%).

Despite the change, the new deal retains a maximum LTV of 95%, no extended tie-ins or redemption charges, and a £95 application fee with a £295 reservation fee upon completion.

The offer is available on repayment, endowment, ISA or pension-linked policies.


Timetable for mortgage regulation

As shown in the timetable below, the consultation paper on regulating mortgage sales is the first of a series that will set out FSA proposals for regulating mortgage and general insurance sales. The proposals are of two kinds, some relating to firms&#39 conduct during a mortgage transaction, and others relating to firms&#39 ongoing status as […]

New rules on business loans

The FSA has reviewed its earlier plans for the regulatory status of business loans, proposing a “lighter touch” regime for lower risk business loans. The regulator says in its latest consultation paper 146, that contracts for a limited term of twelve months or more and contracts for a limited amount, suggested as £10,000, should be […]

Buy-to-let left out of regulation loop

The Treasury has ruled out regulation of the buy-to-let mortgage market.It is sticking to the view that buy-to-let mortgages constitute a commercial transaction – despite calls from consumer bodies, lenders and intermediaries that the sector should be regulated.The Treasury says it “believes that the definition of a mortgage is the right one and that there […]

The future has finally been revealed

Last Thursday the Treasury published new legislation for mortgage advice after extensive consultation with the industry. As we reveal across five pages of news, starting on page 4, and five pages of in-depth analysis, starting on page 18, the new mortgage regulations have prompted a mixed response from every sector of the market.Some pundits seem […]


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