Chelsea has revamped its mortgage range, focussing on niche products.The product changes for both self-cert and buy-to-let will include a 250 cashback on the sub-prime range. Tom Gurrie, intermediary sales controller at Chelsea, says: “We have focussed our re-pricing on our niche products with new fixed rates for both self-cert and buy-to-let. In addition to this, by adding a 250 cashback to our sub-prime prospect range, we’ve made some of the best fixed rates even more attractive.” Product changes include a three-year, 1.40% discount off standard variable rate with no administration or arrangement fees. This will replace current two and three-year discounts. A two-year buy-to-let fixed at 5.15% until October 31, 2007 replaces the existing 5.65% rate, and a three-year buy-to-let fix at 5.25% until October 31 2008 replaces the 5.89% deal. The buy-to-let fees assisted stepped discount is 1% off SVR for the first 12 months, reducing to 0.5% for the next 12 months and then to 0.25% for the remaining 12 months. The rate at launch will be 5.49%. Chelsea’s sub-prime fixed rates have been extended and remain unchanged, with a 250 cashback now being offered.
Alan Dring, formerly head of sales at Standard Life Bank, has been appointed sales director at eConveyancer. eConveyancer is a national network of independent solicitors working from offices across the UK including Northern Ireland. Part of the United Group, it is one of the leading suppliers of internet conveyancing services with a rapidly expanding user […]
GMAC-RFCsays that at a time when other lenders’ service seems tobe falling flat, broker feedback reveals that 80% rate its processes above average. When asked to ratethe service levels of GMAC-RFC, 79% of brokers said it provided above average service. Some 28% rated its staff as highly efficient and helpful and when asked to rate […]
From Chris French We have just completed our RMAR. While the industry has gone in for navel-gazing and self flagellation over KFIs, little has been written about the completion by brokers and networks of the RMAR and how this process could be assisted by the product providers. A good start would be for lenders to […]
The Scottish Federation of Housing Association has urged the first minister to scrap the current Right to Buy policy.The SFHA want the Scottish Executive policy on Right to Buy changed in order to provide a crucial boost to Scotlands dwindling supply of affordable rented housing. In a letter to the first minister Jack McConnell, the […]
By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]
News and expert analysis straight to your inboxSign up