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C&G raises its rates

Cheltenham & Gloucester has raised its rates for the second time in three weeks.

The lender is putting up its rates for new customers by as much as 0.6%.

For example, the increase takes the rate on its two-year fixed deal, with an LTV of 90%, from 5.99% to 6.49%.


Recession virgins worried about negative equity

Nearly 25% of home owners between the ages of 24 and 34 are fearful of negative equity as a result of falling house prices, says consumer website’s research also finds that one sixth of this group are so worried about falling property prices that they have their estate agents on speed dial.These home owners, […]

Cattles rustles up rights issue

Sub-prime lender Cattles has launched a 200m rights issue to be underwritten by Citigroup and HSBC. The lender says that although it has received strong support it will use the rights issue to diversify its funding and finance its long-term growth.

BBA paints bleak March picture

The British Bankers’ Association says new mortgage approvals for house purchases fell 18% in March compared with February.BBA figures published last week show there were 35,417 new mortgages approved last month, a 46% fall compared with March 2007 and the lowest monthly figure since September 1997.The total value of mortgages approved for house purchases was […]

Europe: Nursery slopes

After a flat year for European equities, in which the Artemis European Growth Fund outperformed, manager Philip Wolstencroft is (cautiously) optimistic about 2016.


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