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Unity launches residential range

Unity Homeloans has launched a residential range. The light to medium sub-prime range now allows for County Court judgements up to £7,500. The lender has also introduced 90% LTV on light adverse deals and maximum amounts of £1m on self-cert and £1.5m on full status deals. Unity is offering 5.69% on its two-year fixed rate and there are also new three-year fixed rate options in all product categories.

Prices rose £50 a day in February

House prices rose by over £50 per day during February, an average of the main house price indices compiled by Assetz reveals.House price indices from, Halifax, the Department of Communities and Local Government, the Financial Times and Nationwide, show the average price of a home in February was £201,650, up from £200,628 in January.


AToM appoints RDMs for the North

All Types of Mortgages has appointed David Cadwallender as regional development manager for Yorkshire. David joins Peter Eckersley the RDM for the North-East and Martin Roby the RDM for Liverpool.David Cadwallender joins AToM from Mortgage Brain, where he was business development manager covering the North of England, Scotland and Northern Ireland areas. Cadwallender’s responsbilities included […]

ITV programme slams equity release as next big mis-selling scandal

Financial guru Martin Lewis slammed equity release as the next big mis-selling scandal after endowment policies and payment protection insurance, on ITV’s Tonight with Trevor McDonald last night.The programme investigated the legacy of home income plans and shared appreciation mortgages, which were sold in the 80s and 90s.The programme drew upon several case studies who […]

BUDGET 2007: UK economy growing fastest out of G7 economies

In his opening statement for his 11th Budget, the chancellor Gordon Brown says the UK economy is growing faster than any other G7 economy.Joking, Brown thanked his “comrades in the civil service that have helped him in the past.He says that since 1997 inflation has averaged 1.5%, the best inflation performance he says in a […]

AXA makes key appointments

AXA has made three senior appointments to its protection business following structural changes unveiled last November. Graham Harvey, managing director of AXA’s protection business, has made Jamie McIver director of sales, Iain Mallon head of marketing and Tim Hopkinson head of development.


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