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Skipton unveils fix

Skipton has launched a three-year fixed rate mortgage at 3.99% – equivalent to initial monthly payments of just 528 for a 100,000 repayment mortgage over a 25-year term. Jennifer Holloway, head of media relations at Skipton, says: “Feedback from our branches and brokers is that fixed rate mortgages are still the loan of choice for many borrowers.”

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ODPM publishes housing statistics 2005

The Office of the Deputy Prime Minister has published its housing statistics for 2005, which show nearly 153,000 new dwellings were completed in England during the financial year ending March 31 2004. This is the third year running where there has been a significant increase over the previous year. The latest increase, at 6%, is […]

Nationwide tackles ‘buy now, borrow later’ culture

Nationwide has issued a report on childrens savings that suggests Britains buy now, borrow later culture is means fewer people save for their futures. The society says this attitude contributes to the rise in personal debt, and youngsters need to be educated to tackle these issues early. Nationwide has launched a childrens savings action plan […]

Amber sells 18m portfolio to GMAC-RFC

Amber Homeloans has announced the sale of a further 18m portfolio of sub-prime mortgage assets to GMAC-RFC. This is the fourth whole loan transaction completed this year between the two organisations.Mark Smitheringale, associate director of asset trading at Amber, says: This transaction represents the second portfolio sale to GMAC during 2005, whilst Amber has also […]

C2 extends cashback and valuations offer

national packager and branded lender c2 is further expanding its cashback and free valuation offer on all cases received after December 12. The company is offering a 1.25% proc fee and 0.5% cashback plus free valuation on the GMAC-RFC three-year packager fixed rate with no extended penalties available up to 95% and with rates starting […]

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