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Nationwide increases fixed rates

Nationwide is increasing the rates on its range of fixed rate mortgages, which will apply from January 19.

Highlights include a fee free two-year fixed at 5.23% and a five-year fixed, with a 499 fee, at 5.38%.

John Sutherland, marketing director at Nationwide, says: “Nationwide’s products are still very competitive for borrowers whether they are looking for a shorter-term deal or a longer-term fixed rate.

However, money market rates have been rising steadily and we have found it necessary to follow other lenders who have recently increased their rates.”

Nationwide says it will withdraw its current range of products on January 18.


Heritable appoints marketing director

Heritable Bank has appointed Alan Gilmour to the newly created role of marketing director. Gilmour was previously at Lloyds TSB and was responsible for the launch of the combined Lloyds TSB brand following the 1999 merger.

This will be a good year for B2L brokers

Council of Mortgage Lenders statistics show buy-to-let mortgages continued to thrive in 2006. Social factors such as the growing tendency towards single-person households, the increase in immigration and the difficulties of first-time buyers have all led to a sustained need for rental properties. So the demand for buy-to-let mortgages in 2006 was substantial.

No signature required

From today BM Solutions has removed its signed standard declaration requirement. The lender says it will be the first not to require a written customer signature for a mortgage to complete.

Handley to launch Truestone Private Finance

Truestone Asset Management has appointed Ian Handley to launch its lending arm Truestone Private Finance. Handley and his team will provide independent advice relating to investment property finance, residential mortgage borrowing, multiple property financing, loans, offshore finance and commercial and development finance. He has over 25 years experience in the financial sector and began his […]

Mental health in the mainstream

By Amanda Docherty, senior marketing consultant Apart from career success, millions in the bank and, on appearance, coveted lifestyles, what else do Rio Ferdinand, Lady Gaga and Ellie Goulding all have in common? They’ve all demonstrated that the power of celebrity can sometimes have a more altruistic purpose than idle gossip. Recently we’ve seen respected […]


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