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Woolwich launches new lower fixed rate mortgage

Woolwich has launched a new two year Openplan flexible fixed rate mortgage of 4.49%.

This two year fixed rate (fixed rate term ends 31 October 2004) has been reduced from 4.89% to 4.49%, making this one of the lowest rates available in the market.

Andy Gray, head of mortgages at The Woolwich, says: “Fixed rate mortgages are increasingly competitive and this deal is one of the best about in the market. It offers customers an alternative to a discount mortgage especially those wanting to budget in the early years of a mortgage.”

Woolwich flexible mortgages are also available through all Barclays branches, the internet and telephone.


Mortgage Promotions boosts Chelsea fee

Mortgage Promotions is increasing the fee it pays to members on business introduced to Chelsea Building Society. The new fees are: 0.28% of the advance, or 0.3% of the advance on loans over £150,001, subject to a minimum £175. 0.85% of the advance on the Prospect mortgage, subject to a maximum of £1,400.00) Nick Baxter, […]

The mortgage mole

Mamma MiaMole and his other riverbank chums decked themselves out in blonde wigs and lycra bellbottoms and were treated to a night out at Mamma Mia, the West End musical based on the rare talents of ABBA. Our sequinned hosts were Hamptons International and Square Mile Mortgage Finance. One broker confessed that he had only […]

FSA seeks to define independence in the mortgage market

The FSA is consulting on whether it should place requirements on firms in the mortgage market who choose to call themselves &#39independent&#39 and, if so, whether this should apply to both advised and non-advised sales. It also considers whether firms should adopt a different status in relation to different regulated products, for example, being independent […]

Securitisation vehicles escape regulation

The Treasury has agreed to make certain technical amendment to regulated activities so that special purpose vehicles &#45 used for securitisation purposes &#45 will be excluded from regulation. The Treasury&#39s policy had been to ensure that where regulated mortgage contracts have been securitised and are being administered by an authorised person they were not being […]

Europe: banking on a recovery

Neptune video: Europe — banking on a recovery

Arguing that the eurozone crisis is over, watch Rob Burnett, head of European equities at Neptune, discuss the sectors that he’s investing in to harness the recovery. 

In the video, Burnett addresses the following: 

• The primary drivers of the eurozone’s economic recovery
• The turnaround in individual countries’ current accounts
• Sectors best positioned to harness the recovery, without offering undue exposure to risk


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