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GMAC-RFC cuts product rates

GMAC-RFC has today slashed rates by between 10 and 31 basis points on its prime and self-cert products. Buy-to-let product rates have been cut by between 20 and 35 basis points.


Rates slashed on Partners range

GMAC-RFC has slashed the rates on its Partners fixed rate products following a review. The range now offers a buy-to-let product with a rate starting from 5.39% for a two-year fixed deal.

Small offenders seem to fly under the regulator’s radar

When is a mortgage adviser’s advert of no interest to the Financial Services Authority? When the ad is placed by a one-man band in a local newspaper. Since August 2005 I have, as re-quested by the FSA, highlighted to its financial promotions department that a local joker has been continually ig-noring the basic requirements of […]

Tories slammed for HIP ploy

LMS has accused the Conservative Party of fuelling the anti-Home Information Pack movement by questioning the cost of local authority searches.

Lenders split on further rate rises

Lenders are split on whether further rate rises are likely in order to bring inflation back under control. This follows the Bank of England’s decision to freeze interest rates at 5.25% in March. Stephen Leonard, director of mortgages at Alliance & Leicester, says: “Over recent past weeks there has been growing consensus in the market […]


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