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Nationwide to increase mortgage and savings rates

Nationwide has announced that it will increase its mortgage and savings rates from July 1.

All savings rates will be increased by at least 0.20% and many will be increased by 0.25%. The base mortgage rate will be increased by 0.25% which Nationwide says leaves it around 0.75% lower than the standard variable rates of most other major high street lenders.

This follows last Thursday&#39s decision by the Bank of England&#39s Monetary Policy Committee to increase the base rate by 0.25%.


Amber sells £22m self-cert prime mortgage assets to Ipswich

Amber Homeloans has announced the sale of self-certification prime mortgage assets worth around £22m to the Ipswich. Ipswich says this portfolio sale will allow it to further develop its mix of lending business. It says borrowers will not see any change to the terms and conditions of their mortgage as a result of this transaction […]

Brown has failed on fairer tax system, says Cable

Vince Cable MP, Liberal Democrat shadow chancellor, has criticised Gordon Brown&#39s performance as chancellor. Cable says: “The chancellor has failed to make the tax system fairer and to tackle the risks posed by the house price boom. Gordon Brown&#39s greatest single achievement has been copying a policy by the Liberal Democrats – independence for the […]

Househunters say interest rates are biting

The May survey by has detected the first signs that interest rates are starting to affect househunters&#39 sentiment. The survey shows that balance of confidence in the market has tipped markedly towards the pessimists. Between January and April, on average 84.3% of respondents believed house prices would rise over the following 12 months. […]

Kent Reliance appoints Rob Procter as deputy chief executive

Kent Reliance has announced the appointment of Rob Procter as deputy chief executive and a member of the main board. As head of lending, Kent Reliance says Procter has been instrumental in the comprehensive revision of the society&#39s lending policy and product range. He established Kent Reliance&#39s commercial lending and buy-to-let teams and is also […]

UK: mid-year review and outlook

By Mark Martin, manager of the Neptune UK Mid Cap Fund, and Scott MacLennan, manager of the Neptune UK Opportunities Fund H1 2014• Equity markets continued to show strength: despite a strong rally in 2013 driven by a market-wide re-rating, equity markets continued to generate positive returns for investors. Economic activity continued to be stimulated […]


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