Abbey for Intermediaries is offering buy-to-let mortgages fromtoday. The proposition from Abbey will offer intermediaries deals with a maximum LTV of 85% for loans up to £1m per property, plus 120% minimum rental cover. There is no booking fee, free valuation and £250 cashback available for purchase and remortgage clients on selected products.
Abbey hit the headlines earlier this month with the news that it is to offer up to 5 x borrowers’ salary because income is not keeping up with spiralling house prices.
The average house in England and Wales now costs more than £200,000, figures from the Land Registry show. Its latest quarterly report, which studies sales between July and September, shows that the average price rose to £211,453, up 9% on the year. The most expensive county in which to buy a property was Surrey, where […]
HBOS has reaffirmed its commitment to the intermediary market and says broker distribution remains integral to its future. At HBOS’ key intermediary dinner last week Andy Hornby, chiefexecutive of HBOS, gave guests an overview of the mortgage market and says its performance in 2006 has exceeded expectations. He says the long-term potential of the housing […]
The OFT has announced the appointment of Jonathan May to the post of Executive Director of Policy and Strategy. He has also been appointed by the Secretary of State for Trade and Industry to the OFT Board.Jonathan May joined the OFT at the end of 2001 as director of markets and policies initiatives following over […]
The making of any fund can be seen in how it responds to crises and opportunities. In this short video, Head of Multi Asset at Royal London Asset Management Trevor Greetham outlines how the Royal London Global Multi Asset Portfolios or GMAPs navigated through Brexit and the US election cycle. He also highlights the importance […]
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