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Abbey slashes 85% LTV rates

From today Abbey for Intermediaries will slash its 85% LTV range by 0.6% and fees by up to £1,000. The lender is also rolling out five deals including a three-year 60% LTV fixed rate broker exclusive at 5.64% with a £995 fee.

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The secured loan industry has moved one step closer to Financial Services Authority regulation after the Association of Finance Brokers published a White Paper on the future of the market last week.

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Last week The Sun tracked down Freddie Mackie – nicknamed Freddie Mac – in Glasgow and Fannie May – a vowel short of Fannie Mae – amid the dreaming spires of Cambridge.

Thompson to stay on at L&G

Legal & General has confirmed that mortgages director Ben Thompson will no longer be leaving the company.

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