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PMPA unveils buy-to-let trackers

The Professional Mortgage Packagers Alliance has unveiled three buy-to-let trackers from BM Solutions. They are available up to 85% LTV for two years from completion. Two of the deals feature early repayment charges of 6% in year one and 5% in year two. The third has ERCs of 6%.

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GMAC-RFC and MTE report improved speed

GMAC-RFC and Mortgage Trading Exchange say they have further improved the overall speed and performance for brokers that use MTE to apply for a decision with GMAC-RFC. The two companies say brokers have reported that the time taken to complete the form within MTE has halved. Julie Gaskin, corporate relations manager at GMAC-RFC, says: “We […]

Time to regulate the buy-to-let sector

Recent revelations about the inappropriate use of mainstream mortgages to purchase buy-to-let properties show it’s time for the regulator to take control, says Frank Eve

Average House price hits £260,832 in May

The average price for a new home reached £260,832 in May – the highest average price for a new home ever recorded by the SmartNewHomes.com monthly index.Fuelled by a buoyant demand for new homes across large areas of the UK and led by strong price growth in both East Anglia and the South West, the […]

10,200 Estate agents join Ombudsman scheme

The Ombudsman for Estate Agents has reported rocketing membership numbers and now boasts over 10,200 full members. The trade body has seen 2,500 residential estate agency offices join since the beginning of the year. Christopher Hamer, ombudsman for estate agents, says a recent recruitment drive revealed there were far more estate agency offices in England […]

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