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Chelsea to launch green deal soon

Chelsea has revealed that it will shortly launch a green mortgage. The society is working on a green product but has yet to finalise how this will be underwritten. It is also talking to charity Energy Savings Trust about the possibility of giving clients free energy assessments.

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Victoria justifies rate hike

Victoria has admitted that its introducers are fuming after it hiked rates from 80 to 100 basis points across its pro-duct range last month.But the sub-prime lender, which distributes only through packagers, has defended the move, saying upward swap rate moves and changes in the se-curitisation markets were to blame.Alex Forrester, managing di-rector at Victoria, […]

Lenders must learn it’s good to talk

Service is slipping and it’s not unusual for lenders to keep brokers on hold for 30 minutes on the phone – in fact, I’m thinking of billing them for our wasted time, says Sue Read

Auction losers wasted £22m in 2006

Unsuccessful bidders at property auctions collectively racked up losses of nearly £22m last year, according to auction website Humraz.com.The online auctioneer has investigated the cost of the professional services conducted prior to property auctions, including fees paid to lawyers and surveyors.It found that pre-auction fees per consumer can add up to more than £1,000, with […]

A case of the haves and the have nots

Forget the North-South thing – the UK is now divided between those with houses and the growing numbers who can’t afford them and Whitehall must act before things get worse, says Mel Dring

Europe: Nursery slopes

After a flat year for European equities, in which the Artemis European Growth Fund outperformed, manager Philip Wolstencroft is (cautiously) optimistic about 2016.

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