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Freedom launches two-year discounted buy-to-let

Freedom Lending has launched a two-year discounted buy-to-let mortgage with a rental calculation based on 120% at the pay rate.

The product features include two-year discounts based on LTV: 1.36% discount up to 75% LTV, 1.26% discount up to 80% and 1.16% discount up to 85% LTV. Loans up to 1 million are available to 75% LTV, no HLC and procuration fee of 0.5%.

Mel Dring, marketing director of Freedom Lending, says: Two-year discounts are a popular product in this sector of the market, but have not been widely available in recent months.

This product offers a combination of competitive rates and attractive criteria based on a rental calculation of 120% at pay rate. I have no doubt this will be popular with both brokers and borrowers.


Mortgages PLC completes securitisation deal

Mortgages PLC, the UK residential lender and wholly owned subsidiary of Merrill Lynch, has completed a securitisation deal for a total of £650m of mortgages.The bonds, which are predominantly AAA rated, have been issued via Merrill Lynch to a number of investors including leading banks and insurance companies. The issue was the first by Mortgages […] warns of upset market after rate rise

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This brainwave could lead to self-harm

Rumour has it that there’s been a big falling out within the Abbey’s marketing team. It seems that one faction wanted to call its new mortgage offering the ‘Victor Meldrew’ range while another felt the ‘Andy Millman’ mortgage’ more appropriate.

Mortgages Direct questions base rate rise

Peter Gladdy, director of Mortgages Direct says the current economic situation is not strong enough to justify a rise in rates. He says: “The housing market is stable and currently showing modest overall growth but the latest rise in interest rates could cause a substantial change in homebuyer attitudes and significantly dampen activity in the […]


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