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B2L doing better than expected

Fitch Ratings says default ratios on buy-to-let properties are performing better than expected. Charlotte Eady, associate director in Fitch’s residential mortgage-backed security performance analytics team, says: “Recent headlines have suggested that buy-to-let properties are seeing higher default ratios than in previous years and are accounting for a significant proportion of repossessions. This contradicts the data we have analysed.”

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Rate rise will hurt non-fixed rate borrowers, says Hamptons

Hamptons Mortgages has warned that the interest rate rise will hurt homeowners on tight budgets and those that arent on fixed rates. Jonathan Cornell, technical director at Hamptons Mortgages, says: With house prices growing by around 10% in 2006 and predicted to increase by as much as 8% this year we knew that Monetary Policy […]

Commercial First appoints associate director

Commercial First has appointed Nick McAuliffe as associate director of customer operations. Reporting to Philip George, managing director of Commercial First, McAuliffe is responsible for leading the team that looks after borrowers from the time their mortgage completes, throughout their time as a Commercial First customer. This includes all customer servicing, further advances and also […]

TFC offer free application on sub-prime

TFC Homeloans is now offering free applications and valuations on its sub-prime range.The deal applies to non-conforming products across all lenders, except Future mortgages, that recoup TFC a gross commission of 1.5% and above. For products that dont qualify for the promotion, TFC Homeloans fixed rate 99 application fee still stands, except 100% products, which […]

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