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Alliance & Leicester hikes mortgage rates

Alliance & Leicester has announced a 0.30% increase in its basic variable mortgage rate.

Alliance & Leicester&#39s new basic variable rate is 6.59% (7.0% APR) with effect from June 24 2004 for new borrowers and July 2 2004 for existing borrowers.

Alliance & Leicester mortgage products that track the Bank of England base rate are also subject to change. New borrower products increased by 0.25% from June 14 2004 and existing borrower products will be increased from July 1 2004.

Alliance & Leicester&#39s savings portfolio remains under review, however, rate changes for savingsproducts will be implemented by July 2 2004.


Experian launches national credit score for consumers

Experian yesterday announced the launch of the National Credit Score. This service will provide UK consumers with access to their credit score and an at-a-glance summary of theircredit status based on information held on their full Experian creditreport. Consumers in the UK have an average of five active lines of credit and the national consumer […]

Pace of swap rate increase slows slightly

Swaps continued their upward march last week but the increase seems to have slowed of late. • One-year money is up 0.07% to 5.38%• Two-year money is up 0.06% to 5.53%• Three-year money is up 0.06% to 5.61%• Five-year money is up 0.05% to 5.64%Portman increased its two and five-year fixed rates and The Mortgage […]

Buy-to-let incentives from Oxford firm

The serious shortage of properties in Oxford to meet demands for student accommodation in September has led to the introduction of a new incentive scheme by a provider of student accommodation, Currently buy-to-let returns in north Oxford are outperforming most other areas of the South- East. Business development manager Sally Franklin says: “We are […]

Freedom Finance and Redstone Mortgages sign up with HML

Homeloan Management Limited has built upon its recent growth record by winning further new business. The two contracts are with Freedom Finance and Redstone Mortgages PLC for third party mortgage administration. Freedom Finance has contracted HML to administer its exciting range of lending products, recently launched in the intermediary mortgage market. Freedom&#39s product range includes […]

Frexit & contagion risk in Europe

Many commentators have suggested the UK’s exit from the European Union will trigger a domino effect, leading to its eventual break-up. Neptune Head of European Equities Rob Burnett discusses the likelihood of this happening. Click here to read more Important informationInvestment risks Neptune funds may have a high historic volatility rating and past performance is […]


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