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.
- Top trends
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 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 […]
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 […]
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
The theme of ‘creative destruction’, or the impact of new technology, gathered pace in 2015. But which companies make an attractive investment? Stephen Moore, manager of the Artemis US Extended Alpha Fund, reviews. Click here to read the full article
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