View more on these topics

Mansfield unveils no-ERC deal

The Mansfield has launched a mortgage with no early repayment charge. The two-year discounted mortgage, available to customers in England and Wales, will be one of the few available that does not incur a charge if the customer wishes to repay the mortgage during the first two years of borrowing.

The company says this could lead to substantial savings for customers.

On a 150,000 mortgage, the absence of an ERC – usually 3% of the agreed advance – could equate to a saving of 4,500.


Embargoed Monday 19 th September 2005 Buyers return as asking prices drop

The September edition of the Rightmove House Price Index shows asking prices have fallen for a 3rd consecutive month. In the last three months asking prices have fallen by over 3,200, a fall of 0.4%. The UK property website survey also shows that August activity outstripped expectations, halting increases in unsold property stock. The results […]

The Mortgage Works reduces pay rate on B2L mortgage

The Mortgage Works has reduced the pay rate on its three year fixed rate buy-to-let mortgage from 4.69% to the market-leading rate of 4.55%. The new rate will be effective from Saturday September 17 2005 via intermediaries.The Mortgage works anticipates that this new rate cut will serve to further stimulate the buy-to-let market and encourage […]

Brokers can help boost take-up of MPPI

Having worked with the BBC over the past 18 months on a series of investigations into personal loan and associated payment protection insurance mis- selling allegations, I read Peter Mounty’s article in Mortgage Strategy’s August 1 issue with particular interest. My view is that the only way to remove temptation or abuse as the non-corporate […]

Stop the roller coaster, I want to get off

There must be a way of changing the system so we can introduce some calm into the anxiety-inducing roller coaster process of completing on a house move, says Sue Read


News and expert analysis straight to your inbox

Sign up