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A&L expands range of fees-free products

Alliance & Leicester is extending its range of fees-free mortgages with the launch of three and four-year fixed rate remortgage and home buyer deals available up to 75% LTV.

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Inflation falls below zero

For the first time since March 1960, annual inflation measured by the Retail Prices Index – which includes housing costs such as mortgage interest payments and council tax – fell below zero to -0.4%.

Halifax offers help with council tax

Halifax is offering to pay towards the council tax bill for home movers and first-time buyers in order to help with the costs of buying a new home.The lender is offering to pay half of the first annual council tax bill up to a maximum of £1,000, with council tax paid directly to the borrower’s […]

S&P’s introduces risk-adjusted capital framework

Standard & Poor’s Ratings Services is introducing a risk-adjusted capital ratio for financial institutions.Bernard de Longevialle, credit analyst at S&P, says: “The RAC aims to provide a globally consistent and independent view of capital adequacy for each of the financial institutions we rate. “In our view, other risk-adjusted capital measures are increasingly issuer-specific–potentially making it […]

FSA could cap mutuals’ commercial lending

Lord Turner, chairman of the Financial Services Authority, says a tighter cap on commercial lending for mutuals could result from the bailout of failed society Dunfermline.

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