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It was great to see swaps continue to edge down last week and we’ve seen a couple of lenders reducing their fixed rates too. Let’s hope more follow.

• One-year money is down 0.01% at 5.71%

• Two-year money is down 0.03% at 5.57%

• Three-year money is down 0.04% at 5.51%

• Five-year money is down 0.03% at 5.40%

I’m not impressed by the firms offering so-called reverse mortgages in some tabloid weekend newspapers. These companies are offering to buy the houses of sub-prime clients and then let them rent their houses back. The criteria these adverts attribute to normal mortgage lenders are ridiculously low and I’m sure any decent broker would be able to help most of these clients.

Well done to Guy Batchelor who has been appointedas executive director, sales and marketing, at Lehman Brothers UK Mortgage Capital Businesses. I’m sure he will excel in his new role.

I was overjoyed to receive an email from Cheltenham & Gloucester, the first line of which read: “


85% Of FTBs plump for fixed deals

A whopping 85% of first-time buyers plumped for fixed rate mortgages in January, the Council of Mortgage Lenders has revealed. This is the highest number yet seen in a single month.

BUDGET 2007: Employers to get 2K for skills training

Gordon Brown has revealed that the government will offer employers 2,000 to train young people in basic skills.The chancellor has set out plans to help young people learn the skills they need in industry by granting businesses this break for each employee. The government hopes this will help lower the rate of workers in industry […]

Book celebrates ordinary UK homes

With government tax inspectors rumoured to be eyeing up the quality of people’s homes for new Council Tax bands, a book just out could offer inspiration to those looking to devalue their homes in the eyes of prying inspectors.

US: mid-year review and outlook

By Felix Wintle, Manager of the Neptune US Opportunities Fund H1 2014 Economic data: after last year’s strength, economic data has disappointed. Indeed, the economy contracted 2.9 per cent in the first three months of the year — the US economy’s worst performance for five years. However, rather than a symptom of underlying economic weakness or […]


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