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£43bn – The amount savers have lost in interest since the base rate was cut to 0.5%, according to Bank of England data.

16 – The ranking of HSBC in a list of the top 50 safest financial institutions in the world by Global Finance magazine.

49,566 – The number of mortgage approvals for house purchase in August, a 15-month high and 4.3% higher than in August 2010, according to e.surv’s mortgage monitor.

35 – The age at which financial commitments peak, according to a report from Standard Life.

$447bn – The value of the package unveiled by Barack Obama to stimulate job growth in the US.

55% – The proportion of brokers who do not expect any significant rise in remortgage business before the base rate increases, research from Kensington says.

500,000 – The number of National Savings & Investment inflation-linked bonds which were pulled last week taken out since their launch in May.

1.4% – Annual gross domestic product growth forecast for the UK for 2011 from the Organisation for Economic Co-operation and Development.
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Abbey unveils range of fixed rate products

Abbey for Intermediaries has launched three, four and five-year fixed products and reduced rates by up to 1%. The latest range includes a three-year fix at 75% LTV for buyers and remortgagers at 3.85% with no fee.

S&P upgrades HML

HML, has been awarded an upgrade to Above Average for its special servicing by Standard & Poor’s, which means no other UK servicer holds a higher rating for primary or special mortgage servicing.

Rooftop reaps the benefits of low three-month LIBOR as arrears fall

Low three-month LIBOR is behind a significant decrease in Rooftop Mortgages’ arrears, according to Fitch Ratings. A report from the ratings agency shows that the arrears levels of Mansard Mortgages, a series of non-conforming residential mortgage-backed securities originated by Rooftop, have almost halved since their peak. Fitch says: “The arrears in this series have stabilised […]


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