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Nationwide incentives

Nationwide has unveiled a book of offers containing 10 money-saving deals including reward payments and shopping vouchers.

The deals, available until May 5, include a £100 payment for existing Nationwide customers of six months or more who switch their current accounts to the bank, £100 off its home buyer legal service and £25 cashback to existing customers taking out home insurance with the firm.

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Brown’s Budget is a “lost opportunity”, says A&L

Alliance & Leicester says Gordon Brown’s Budget is a missed opportunity to help first-time buyers.Stephen Leonard, director of mortgages at A&L, says: “This Budget is a lost opportunity to redress the burden of Stamp Duty. “Alliance & Leicester has campaigned for more help for first-time buyers as our research reveals that the majority of them […]

Scots borrowers get a break

Kensington Mortgages is looking to bring in new affordability criteria on remortgages for Scottish borrowers who have signed protected trust deeds.

February house prices up £50 a day

House prices rose by over £50 a day in February, an average of the main house price indexes, compiled by Assetz reveals.Indexes from Rightmove.co.uk, Halifax, the Department of Communities and Local Government, the Financial Times and the Nationwide, show the average price of a home in February was £201,650, up from £200,628 in January. Assetz […]

Flagging up US-style mortgage problems

The US is often a good indicator of what’s in store for the UK so the meltdown in the sub-prime mortgage market over there is something lenders here must steer well clear of.

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