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Nationwide unveils fixed rate mortgages

Nationwide yesterday announced details of its fixed rate mortgages. These new rates are available from June 18 and reflect recent movements in the money markets.

A two-year fixed rate is available from 5.39%, a five-year fixed rate is available from 5.69%and a five-year fixed rate will be available from 5.79%

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Genesis enhances The One account proc fees

Genesis is enhancing procuration fees for intermediaries on products from The One account. Until the end of July, Genesis is increasing the fee to intermediaries to 0.70% on The One account and 0.55% on the flexible mortgage option. All applications submitted between June 1 and July 31 which go on to complete will be eligible […]

HBOS welcomes savings regime announcement

HBOS has welcomed yesterday&#39s announcement from the Treasury about a new long-term savings regime for the UK. HBOS believes that a 1.5% annual charge is realistic and will undoubtedly increase the level of competition within the savings industry. More transparency and more competition is good news for customers. It will give a greater number of […]

Tighter rules on credit marketing

Consumer minister Gerry Sutcliffe announced last week that all consumers must receive clear and detailed information about their credit agreements from lenders before they sign up – enabling them to shop around for the best deals. Sutcliffe also said excessive charges for settling an agreement early will be replaced with a fairer system. The move […]

Pink simplifies 24-hour broker commission payment service

Pink Home Loans is simplifying its 24-hour payment of broker commission service, which pays commission fees within 24 hours of legal completion. Pink customers will no longer be required to send the 24-hour payment form to the solicitor for confirmation that the case has completed. Instead, the intermediary can now complete the form to indicate […]

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