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Beacon gets into Right to Buy

Beacon Homeloans has launched into the Right to Buy sector with a range that allows applicants to borrow up to 90% of the value of their houses, or 80% for flats, with a maximum of £1,000 County Court judgements per applicant.

Last week, Halifax revealed there has been a 281% increase in the number of home sales that attract 3% Stamp Duty over the past five years. With 279,408 homes priced above the £250,000 threshold last year it means 19% of home buyers were hit with Stamp Duty bills of at least £7,500.

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Halifax to launch OMHB product

Halifax for Intermediaries is launching is Open Market HomeBuy proposition on Monday March 12. This follows months of delays by the HBOS lender, which has repeatedly put off bringing its product to market since the scheme was first launched in November 2006. The product combines a 75% conventional loan, a 12.5% loan funded by Halifax […]

Purely launches online video mortgage service via ITV

Purely Mortgages has revealed it will be providing mortgages through ITV Local, the ITVs regional broadband TV service.ITV Local Mortgages will be the first to use video to talk the customer through the issues affecting each main sector of the mortgage market.ITV Local is ITVs broadband-based local television channel. Established as an interactive, local news […]

Bank of England freezes base rate

The Bank of England froze interest rates last week at 5.25%. Industry experts are split on whether another rate rise is needed to bring inflation under control with many predicting stable a base rate throughout 2007.

Hipstar may take 10% of the HIPs market

Richard Griffiths, chief executive of Network Data Holdings, says subsidiary Hipstar will take at least 10% market share when Home Information Packs become compulsory later this year.

Neptune Global Income: Is Japan the best dividend market in the world?

By George Boyd-Bowman, Fund Manager at Neptune The Neptune Global Income Fund seeks exposure to the very best – and often overlooked – income opportunities from across the world. Unconstrained by benchmarks, the fund currently has 24 per cent invested in Japan, differentiating the high conviction portfolio from many of its peers. Watch Neptune Fund […]

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