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RBS Intermediary Partners launches new two-year fixed

Royal Bank of Scotland Intermediary Partners is launching a two-year fixed rate mortgage under its RBS brand.

The initial rate will be 6.19% with a £999 arrangement fee up to a 75% LTV until June 30, 2010.

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Fears for market as last 100% LTV deal is pulled

Brokers are warning the mortgage market will suffer following Abbey’s withdrawal of the last 100% LTV deal last week.Jonathan Cornell, managing director of Hamptons Mortgages, says the disappearance of such deals will leave first-time buyers bereft of options and unable to get onto the housing ladder.He says the knock-on effect will be felt across the […]

50% profit fall at JPMorgan Chase

JPMorgan Chase has revealed its Q1 profit plunged more than 50% after suffering $5.1bn (£2.5bn) in writedowns on mortgage-backed security investments.

Let’s talk business

Commercial self-cert is the latest sector to be hit by the credit crunch and criteria have tightened, but brokers still have an important role, says Laura Howard

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