View more on these topics

Godiva launches ERC-free 125% product

Godiva Mortgages is adding a flexible fixed rate product with no early repayment charge to its MOREgage range.

The specialist lending subsidiary of Coventry says the product is unique in the 125% market.

Colin Franklin, managing director of Godiva Mortgages, says: “Our MOREgage products offer the combination of secured and unsecured lending – a 95% LTV mortgage and up to 30% personal loan.

“The introduction of this new product gives brokers and their clients the best of both worlds – a competitive fixed rate with flexibility.

“With no ERCs on the mortgage or unsecured personal loan, we’re sure this product will be popular with house movers and first-time buyers alike.”


Council tax evaders could face bankruptcy

Residents who dodge paying council tax could face bankruptcy, warns Vale Royal Borough Council.This month a bankruptcy order was made against a man from Lostock Gralam in Crewe County Court, after non-payment of council tax amounting to £5,472.45.The council is also filing for bankruptcy in two further cases where residents have failed to make payments.Councillor […]

Nationwide ad sparks anger

A broker has slammed Nationwide for what he considers to be inaccurate advertising outside its branches.Brian Melling, senior mortgage consultant at mortgage2move, was in-censed when he saw posters and placards outside his local Nationwide branch in Derby proclaiming ‘Mortgage advice available here today’.Melling says: “Nationwide’s staff members will be obliged to provide an Initial Disclosure […]

Big lenders should learn from Principality’s example

In a market where a few big names dominate, it takes a regional lender like Principality to set an example the rest should follow. Having generated a KFI through Trigold in early May, I was shocked to find that a higher lending charge had been added to the loan at offer stage. Feeling frustrated, I […]

Government outlines housing supply proposals

The government has outlined proposals that set out how Communities England – a new housing and regeneration agency – will support local areas deliver both social and private housing. Communities England will replace two existing agencies and aims to boost the annual housing supply to more than 200,000 by 2016. The Department for Communities and […]


News and expert analysis straight to your inbox

Sign up