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Britannia pledges to retain fixed rate mortgages

Britannia Building Society has pledged not to take any of its fixed rate products off the market, despite the recent hike in interest rate.

Tim Franklin, director of Britannia Building Society Member Business, says:”While other lenders have been pulling their fixed rate products followingthe Bank of England Base Rate increase, we have decided against that move.

“The last Bank Base Rate rise was unexpected and we want to provide a little
bit of certainty for people in a time of uncertainty.


Em launches free legals on SPML

Mortgage packager em- is introducing fee legals on all of Southern Pacific Mortgage Limited’s’ sub-prime remortgages in England and Wales.The offer, available from January 15, is an extension of the previous exclusive of free legals on remortgages from medium adverse and above.It has been launched because of the popularity of this range, says em.Simon Mouncher, […]

NatWest changes range

Royal Bank of Scotland has made changes to its NatWest range of fixed rate, tracker and variable buy-to-let mortgages.It has increased the maximum LTV across the range to 85% from 80%. This excludes the buy-to-let two-year tracker, which has a maximum LTV of 70%.The rental income cover threshold calculation will now be 125% of the […]

Council Tax bills to rise, warns Tory Party

The Conservatives Party has warned that Council Tax bills will pass the 1,300 mark in the spring, just as new figures confirm that family incomes are falling in real terms.Both shadow chancellor George Osborne and shadow local government secretary Caroline Spelman say inflationary pressures taking their toll on living costs and blame Gordon Brown for […]

I found the meaning of property value in Florida

From Dave RogersI think it uncharitable of Mole to suggest that David Bennett is a tight-wad for holidaying with easyJet (Mortgage Strategy January 8). I am sure Bennett is equally frugal when travelling on business at shareholders’ expense. Unless, of course, Mole knows different. On another matter, I’ve just returned from Florida. Despite my lowly […]


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