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Base rate freeze is no surprise

The Bank of England’s Monetary Policy Committee has voted to keep interest rates on hold at 4.5%. The decision comes after last month’s cut of a quarter point , the first in two years.

Duncan Pownall, mortgage development manager for Bradford & Bingley, says: “This is no surprise. Given the jump in the inflation rate, rising oil prices and signs of improvement in the retail picture, the MPC is unlikely to have considered any other course of action.”

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Bolton quashes HBOS move speculation

Michael Bolton, managing director of HBOS specialist lending, has branded rumours that he is leaving HBOS as “pure market speculation.”Speculation in the industry is rife that Bolton could soon be joining the Essex-based lender Swift Advances, as chief executive.However, Bolton who was promoted this August from managing director of BM Solutions and Halifax Intermediaries, to […]

Jeffrey joins The Complete Network

The Complete Network the mortgage network within Complete Mortgage and Loan Services Limited has appointed Jackie Jeffrey to the newly created post of compliance officer training and competence. In her new role, Jeffrey will be field-based and will be offering dedicated T&C assessment, training and general support to The Complete Networks appointed representative members. Jeffrey […]

Goldsmith Williams offers discounted legal services to PFS members

Goldsmith Williams, the direct conveyancing firm, has teamed up with the Personal Finance Society, the professional body for financial advisers, to offer its 25,000 members the opportunity to benefit from discounted legal services.As well as a remortgage rate of 325 inclusive of VAT and disbursements for completed remortgages, PFS members will also be able to […]

Internet Insite

Mortgage Strategy’s weekly guide to what’s hot and what’s not on the web. Kevin Paterson takes a look at lender websites, working his way from A to Z

How to cut mortgage fraud risk

Recent figures from Financial Fraud Action UK revealed a financial scam was committed, on average, every 15 seconds during the first six months of 2016, says Roy Armitage, head of credit at Lendinvest. That represents a 53 per cent rise year-on-year, with these scams coming in all shapes and sizes. Furthermore, a staggering 56 per cent of […]

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