Nationwide has slashed the reservation fee on its five and 10-year fixed rate mortgages. The fees dropped from 389 to 199 to encourage home owners to fix their payments for longer.
GMAC-RFC reports that its online system POSD is helping intermediaries spend more time making their businesses more efficient. Research by the lender found that intermediaries on average reported that POSD saved two hours administration per case. For 30% of broker, the most popular way to spend that extra time in their working day is to […]
The Mortgage Warehouse, the Kent-based mortgage packager, has appointed specialist lender Money Partners to its lending panel, effective immediately.Colin Bailey, head of sales at TMW, says: “We have been keenly watching Money Partners since the company launched on M-Day last year with a view to working together. “We were particularly attracted to the comprehensive range […]
Over recent weeks it’s been interesting to watch the debate in respect of the stuttering housing market and specifically the paucity of first-time buyers.
Chelsea has announced the introduction of a two year fixed rate mortgage, available from October 19 2005.Tom Gurrie, intermediary sales controller at Chelsea, says: “Fixed rates remain an important and highly competitive sector within the mortgage market. We are keen to ensure the societys products remain attractive”.The product features a two year fixed rate at […]
Over the last seven years you have probably read countless articles and had endless discussions about when the Federal Reserve (Fed) is next going to hike. The chart below shows the Fed Funds rate implied by the market at the beginning of each year since 2010. The Fed did finally edge rates higher in December […]
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