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Lloyds Banking Group’s decision to trim its solicitor panel is primarily to do with clamping down on mortgage fraud and I’m sure other lenders will soon follow suit


Hero of the week

is Woolwich, which has slashed several its 80% LTV rates by up to 0.21% and launched a drop lock facility for all trackers and offset products. This will appeal to borrowers worried about future rate rises, whenever they may happen.

villains of the week

is the government, which has announced that financial stability will be of greater importance than consumer protection from now on. I’m sure that all consumers will be delighted to hear this news.


Woolwich cuts rates by up to 0.21%

Woolwich has cut rates on its 80% LTV mortgages by up to 0.21% and introduced a drop lock facility. Reductions include a cut of 0.21% on the two-year fixed deal from 4.59% to 4.38% and a 0.1% reduction on three and five-year fixed rates to 4.79% and 5.39% respectively. Woolwich has also launched an 80% […]

Mark Hoban

Regulatory rejig could cost £50m, says government

The Treasury estimates that it will cost the finance industry £50m to disband the Financial Services Authority and create a new regulatory system. Mark Hoban, financial secretary to the Treasury, issued a consultation paper last week that sets out detailed proposals for reform of the financial services sector. The reforms were first announced by chancellor […]


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