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Property website ditches selling fee

www.mousesale.co.uk has cut out its fee for sellers, enabling vendors and buyers to carry out property transactions privately without the need for a traditional estate agent or a selling fee.

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PMPA members increase business with GMAC-RFC

Members of the Professional Mortgage Packagers Alliance have seen an increase in business from the GMAC-RFC’s Partners range. The second quarter of the year showed GMAC-RFC Partners business levels up 25% on the preceding three month level overall.Jon O’Brien, PMPA director of operations, says: The sub-prime sector is experiencing high demand at the moment, which […]

Does halifax offering a proc fee for retention spell death for the remortgage market?

Peter Izard is senior manager corporate accounts at GMAC-RFCF For lenders, keeping clients is much more cost-effective than attracting new ones. So will this move kill off the remortgage market – the broker’s bread and butter? No. Let us first consider why clients remortgage in the first place. Of course, some remortgage for a reduced […]

Lenders helping first-time buyers says A&L

Alliance & Leicester says lenders are doing their bit to help first-time buyers onto the property ladder. Following the first-time buyer summit held today by the Conservative Party, Stephen Leonard, director of mortgages at Alliance & Leicester, says: First-time buyers are the lifeblood of the mortgage market and debate on how to ease the troubles […]

GE lowers rate

GE Life has lowered its lifetime mortgage interest rate from 6.09% to 5.95%, as well as reinstating its 250 cashback facility.

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