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Preferred unveils extra light range

Preferred Mortgages has launched its extra light mortgage product with a discount of 1.50% until February 28 2005 – providing rates from 4.40%.

The discount will apply across the whole range up to 90% LTV. Other features include self-cert and self-employed purchases up to 90% LTV; remortgages up to 90% LTV; mortgages up to £1m; choice of fees added to the loan; and up to £1,000 of CCJs per applicant and one month&#39s arrears outstanding allowed at application.

Simon Biddle, marketing development manager at Preferred, says: “People&#39s circumstances are changing. Figures from the Council of Mortgage Lenders show that the number of mortgage arrears is now significantly lower than five years ago. This product is designed for customers who do not want or need the rates involved in heavier adverse products.”


Bank of Scotland scoops three awards

The Bank of Scotland scooped three awards at the Business Finance Expo and National Association of Commercial Finance Brokers&#39 Gala Awards held on Tuesday. The awards, held at the Natural History Museum, saw BoS win Business Bank of the Year, Online Banking Provider of the Year and Commercial Mortgage Provider of the Year. Both Bibby […]

MCCB warns of gap in consumer protection

The Mortgage Code Compliance Board has warned that without Ombudsman powers to rule on transitional consumer complaints, millions of existing borrowers will be left unprotected when FSA regulation comes into effect. In response to the Treasury&#39s consultation paper on transitioning complaints, the MCCB says that unless there is a change in the law, customers with […]

Industry row over The Mortgage Partnership name

The director of northern-based packager The Mortgage Partnership has expressed his outrage over Park Row Independent Mortgages&#39 decision to name its network The Mortgage Partners &#45 stating it will cause unnecessary market confusion. John Mawdsley, director of The Mortgage Partnership, which began trading in 1997, is concerned the name clash will result in industry confusion, […]

Second charge loans to boom after regulation

The mortgage market could see a proliferation of second charge loans arranged by brokers come regulation, warns BM Solutions. Speaking at the Mortgage Expo seminar on non-conforming loans, Michael Bolton, director of mortgages at BM Solutions, highlighted that this increase could occur as brokers will not have to disclose procuration fees on these deals when […]

A bull case for US equities?

Neptune video: a bull case for US equities?

Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.

In the video, Wintle addresses the following:

• The US market and why — despite equities rising from 2009 — he believes the structural bull market only started in 2013
• Key economic and corporate factors that can drive the S&P 500 higher
• Investment themes and sectors offering exposure to the domestic recovery


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