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Broker-exclusive deals from Northern Rock

Northern Rock has launched a range of mortgages available exclusively via brokers, with rates from 2.59%. The deals include a two-year fix at 2.59% with a £995 fee up to 65% LTV and the same deal available up to 75% LTV with a rate of 2.77%.

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DAVID HOLLINGWORTH - WE IMPROVED OUR PROCESSES

L&C heads for profit this year after fall in 2010 loss

London & Country Mortgages says it is on track to make a profit this year, after improving on its £3m loss in 2009 by over two-thirds in 2010. The brokerage filed its 2010 accounts at Companies House last week, which revealed an £800,000 loss an improvement on the £3m loss in 2009. It reported operating […]

CML says UKAR’s customer checks are prudent move

The Council of Mortgage Lenders has defended UK Asset Resolution’s decision to contact borrowers if changes in their financial profile suggest they may be at risk of falling into arrears. UKAR, the holding company for Bradford & Bingley and Northern Rock Asset Management, is contacting borrowers it believes could run into difficulties paying their mortgage […]

Marketwatch

Saffron and Aldermore have spotted gaps in the market and come up with innovative products for first-time buyers, which is great. The same can’t be said for buy-to-let where rates and fee choices are limited

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