Abbey’s plans to enter buy-to-let is welcome news in a sector lacking competition. And I was relieved to see the latest MMR paper contains ideas that will actually make things better for borrowers




HERO OF THE WEEK is Norwich and Peterborough. It has slashed its 85% LTV five-year fixed rates from 4.99% to 4.88%, and from 5.24% to 5.13%. It is wonderful to see greater competition at high LTVs.


VILLAINS OF THE WEEK are debt management firms sending complaints to brokers for fictitious product sales. Just because a firm has sold a mortgage from a specialist does not mean they have sold a single premium PPI policy with it.