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Nationwide hikes fixed and tracker rates

Nationwide has increased its rates on some of its fixed rate and tracker mortgages.

The new rates are available from Tuesday June 26 2007.

For home movers the new deals include two-year fixed rates starting from 5.98%

For remortgage and additional borrowing customers deals include two-year fixed rate starting from 6.08%

Existing Nationwide mortgage customers get a £100 discount off their reservation fee when they switch from one Nationwide product to another, buy a new home or borrow additional monies.

Nationwide will also be increasing the reservation fee to £599 on its five-year fixed rate mortgage and decreasing the fee to £1,499 on its two-year tracker.

Nationwide will withdraw the current products range on Monday June 25 2007.


Study on lender IT to focus on instant offers

Instant offers using automated valuation models are what separates the best lenders from the rest, says Frank Eve Consulting as it launches its ann-ual benchmark study on lender intermediary technology.The sixth annual study, in association with the Council of Mortgage Len-ders, the Intermediary Mortgage Len- ders Association and Mortgage Strategy, will look at how lenders […]

Exclusive deals from Kensington

Kensington has launched two exclusive deals offering fees-free remortgages and fixed rates from 5.55%. The fees-free package is available on three-year fixed rate sub-prime applications submitted direct to Kensington and through selected distributors.

Optoma launches insurance product

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TMB applications hit £10bn

The specialist lender says its expansion has been steady since its foundation, but the past two years have seen an acceleration in growth. It hopes to build on this over the next five years and double its mortgage book by 2012.TMB reported a 40% inc-rease in business for the first two months of this year, […]

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Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.


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