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Abbey launches two year fixed rate mortgage

Abbey launches a new two-year fixed rate mortgage today, exclusively for
intermediaries, at just 4.29%.

The product, which is available to remortgagers only, has a 499 fee that can be added to the loan. Highlights include 75% loan to value, and the remortgage solution package includes free valuation for mortgage purposes (max 1,100) and free legal fees, or 350 cashback issued on completion.

Maximum loan size is 500,000.

Gary Hockey-Morley, director of mortgages at Abbey says: “With so many people reaching the end of their previous fixed rate deals this month, this is a great mortgage to move to. With the recent reduction in the base rate and competitive mortgage deals around, this is a great time to fix an excellent rate for the next two years. “


TMO cuts submission fees to 69

The Mortgage Operation is slashing its submission fees for all sub-prime packaged mortgage applications from 199 to 69. This offer is available for sub-prime products across TMO’s lender panel between now and the end of the year. Alex Forrester, managing director of TMO, says: “Our job is to help our clients make more money by […]

Bank of Ireland completes sale

Bank of Ireland announced this morning that it has completed the sale of its Bristol & West branch network and associated deposit book to Britannia Building Society for a price of £150m.It made the announcement to the Stock Exchange following UK High Court approval. Details of the sale were previously announced on May 24 2005. […]

Optoma reshuffles team after Bright departure

Optoma Broker Solutions has reshuffled its managerial team in a move that sees chairman and chief executive Andrew Seymour assume control of the business along with operations director Harpal Singh. The revelation comes after managing director Matthew Bright was let go. Bright says he is in the process of developing other projects which are at […]

A&L range features an intermediary special

Alliance & Leicester is launching a range of mortgages including a two-year fixed remortgage deal designed solely for brokers. The intermediary special features a 4.38% fix until December 31 2007, then Bank of England base rate plus 0.75% for the life of the mortgage. Customers can also borrow up to 95% of the property value […]


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