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Wave axes all 85% LTV products

Wave will cut 85% LTV from its product range from close of business today.

If a decision in principle is submitted by this evening than applications will be received by March 20.

Packaged applications with a DIP will be accepted will be accepted until March 21 however those without DIPs will only be accepted until March 20.


S&P lowers A&L credit rating

Standard & Poor’s has lowered Alliance & Leicester’s long-term credit rating from A+ to A. But the credit rating agency insists that recent changes to the bank’s funding mix mean its outlook remains stable. S&P has removed the bank from its CreditWatch, where its long-term rating had been placed with negative implications on January 31.Nick […]

Sesame overhauls packager panel

Sesame has cut its packager panel after reviewing the market and introducing a new facility that guarantees advisers’ commission in the event of a packager failure. The review was conducted against a challenging regulatory and economic environment, which has seen several lenders withdraw from the market and some packagers going into administration. The review assessed […]


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