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TFC offers free applications

TFC Homeloans is offering free applications and valuations on its sub-prime range.

The deal applies to sub-prime products across all lenders, except Future Mortgages, that recoup TFC a gross commission of 1.5% or above. For products that don’t qualify for the promotion, TFC’s £99 application fee still stands, except for 100% products.


Merrill makes mysterious market moves

I’ve had a consistent relationship with Merrill Lynch. I call it about something I’ve heard going on in its mortgage unit and it either fails to return the call or declines to comment. Like I say, it’s a consistent relationship – predictable.

Anti-HIP campaigners petition Blair’s website

Campaigners against the introduction of Home Information Packs have hit Prime Minister Tony Blair with a 2,500 strong petition as they look to derail the nationwide introduction of HIPs in June.

Debt grows at £250,000 per minute

The UK’s national debt mountain is growing by £250,000 per minute, a study by Credit Action reveals. The report, based on Bank of England statistics, shows the national debt to be standing at £1.278trillion, of which mortgages account for £1trillion.

FSA gets serious about compliance

The regulator taking action against non-compliant mortgage firms after a sector review should remind us that when the FSA looks into a subject it means business, says Bill Warren


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