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.
- Top trends
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.
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 […]
LMS has accused the Conservative Party of fuelling the anti-Home Information Pack movement by questioning the cost of local authority searches.
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 […]
The UK is ending what has been its slowest economic recovery on record with a marked acceleration in growth. Neptune’s forecast for UK GDP growth in 2014 is 2.5 per cent, up from 2013 growth of 1.8 per cent as estimated by the Office for National Statistics. When considering the changing UK macro outlook, three important questions remain:
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