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Nationwide launches lower fixed rate and tracker mortgages

The two-year tracker is 0.04% lower than the existing product. These mortgages are available from September 23.

The society is offering a two-year fixed rate at 4.95%, a three-year fixed rate available from 5.29% and a five-year fixed rate available from 5.49%.

A two-year tracker is available from 4.75%, a three-year tracker is available from 4.89% and a five-year tracker available from 4.99%.

All Nationwide fixed rate and tracker mortgages allow borrowers the additional flexibility to overpay or underpay during the deal period and are available to all borrowers. Nationwide will withdraw its current range of fixed rates and its two-year tracker mortgage from close of business on September 22.


BDS Mortgage Group adds Northern Rock to direct panel

This addition takes the total number of lenders and product providers available through BDS to 45. It is currently in discussions with many other lenders and will release information about additional relationships in the future. Procuration fees and submission details are available upon request. BDS has now received its full authorisation notification from the FSA, […]

Skipton revamps mortgage lending criteria

Skipton has revamped its mortgage lending criteria to make them more objective and affordable. The changed criteria will look at a person&#39s net disposable income and cross-reference this with their other bills such as credit cards and personal loans. Paul Darwin, development manager of intermediary sales at Skipton, says: “We want to be more objective […]

Legal & General Partnership receives full authorisation from FSA

This confirms that the partnership will be fully authorised to trade under the regulatory regime which takes effect on October 31. Graham Newitt, Legal & General&#39s managing director of intermediary solutions, says: “We are delighted to receive full authorisation from the FSA. The Legal & General team have worked extremely hard to develop and deliver […]

Lending slows in August

This was 13% lower than in July and just 3% higher than in August 2003. This is in contrast to last month, when lending was 3% up on the previous month and 13% up on the previous year. In marked contrast to last month, when lending was driven by a new £14.6 billion monthly record […]

The Perils of Passive Investing

The era of loose monetary policy created an environment that rewarded passive investors in the US. However, with the US raising interest rates for the first time since 2006, Felix Wintle explains why he believes active investing will be more important than ever. In the video Felix discusses: The rising cost of capital and its […]


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