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em- international to launch product for Spanish market

em- international is to launch a semi exclusive product for the Spanish market at the Mortgage Business Expo. It will be interest only for the first ten years then fifteen years repayment thereafter.

Roger Morris, managing director at em-, says: By UK measure this may not seem like a big deal, however for the Spanish market this product represents the first of this kind, offering up to an 80% LTV. The nearest competitor at present only offers an LTV of 70%. We are certain that this product will generate much interest from our broker community. As with the other mortgage sectors of our business, such as residential and commercial.

em-international offers mortgage solutions as well as a specialist property search facilities assisting with all aspects of the process from finding the perfect property, through to arranging suitable finance routes for investors looking to buy abroad.


UCB increases rates on self-cert products

UCB Home Loans, the specialist lender of Nationwide, is increasing interest rates on its self-cert two year fixed rate mortgages by 0.15% to reflect recent movements in the money markets. The rates are available from November 14 2005:Self-cert flexible two year fixed (purchase and remortgage) will be available at 5.14%, APR 6.7%, and self-cert flexible […]

Bradford & Bingley responds to CML figures

Bradford & Bingley has commented on the latest Council of Mortgage Lenders lending figures. Duncan Pownall, mortgage development manager for Bradford & Bingley, says: “Despite a slight dip of 3% in this months CML gross lending to 27bn, Octobers is one of the highest monthly lending figures on record. Indeed, it is close to the […]

Derbyshire Group plans to expand

The Derbyshire Group, which launches its specialist lending brand Salt today, plans to expand into commercial lending and make at least one acquisition in the next year. But it has ruled out acquiring a building society and will instead look at acquiring firms that complement its processing and distribution channels. Salt will initially focus on […]

Tenet sets a ‘live in five’ challenge

Tenet, which recently launched a web building facility, has set itself a live in five challenge – to have pre-approved sites built and live on the web within five minutes.Advisers attending recent Tenet roadshows and professional development meetings handed in their business cards to a Tenet marketing consultant and when they returned from their seminar, […]


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