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BDS launches exclusives with Skipton

BDS Mortgage Group has teamed up with Skipton to launch two exclusive fixed rate packaged products.

The four-year fixed rate deals are available at 5.67% up to 75% LTV and 6.07% up to 90% LTV, with each rate carrying an arrangement fee of £1,795.

Remortgages using Skipton’s Home Conveyancer Service qualify for free valuation and free legals, for properties valued up to £500,000.

Steve Aldous, general manager of sales and marketing at Skipton, says: “We’re delighted to be releasing these two competitively-packaged exclusive products through BDS, and to be opening up an easy submission route for brokers.”

Bob Hope, sales and marketing director at BDS, says: “Packaging has many benefits, least of all taking the lions’ share of processing administration.

“I am confident that the BDS team will switch brokers on to this submission route and with a healthy packaged panel, BDS continue to be a key player in this area.”


US mortgage bail out

Three weeks ago we seemed to be in the eye of the credit crunch storm. There was calmness and some green shoots. But when you come out of the eye you arguably hit the worst part of the tempest and that is where we are now.

Barclays to take on Lehman employees

This morning Barclays announced it will take on 10,000 employees from Lehman Brothers.Barclays has completed its acquisition of Lehman Brothers North American investment banking and capital markets operations.Banking and advisory services will likely reopen on Monday under the Barclays Capital name.

End of the line for PMPA

The Professional Mortgage Packagers Alliance is to close from September 30 as a result of current market conditions.


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