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Equity release TV probe planned

Trevor MacDonald is to take another look at equity release in the autumn. His original TV documentary on equity release aired on March 19 this year and drew criticism from the industry, with claims it did not represent the market fairly by focussing on products that are no longer available.

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Mortgages PLC slashes proc fees

Mortgages PLC says “challenging times” have forced it to slash its procuration fees from July for both appointed representatives and directly authorised brokers. The move follows a full review of the lender’s fee structure and applies across its distribution of packagers, networks, clubs and directly authorised intermediaries.MPLC says the reduction in rates for ARs is […]

Whitehall unveils agency plans

The government has outlined how regeneration agency Communities England will help deliver new housing. It will replace two existing agencies and will aim to boost supply to more than 200,000 new homes a year by 2016.

Brokers say rates will settle, says BM Solutions

Research by BM Solutions has shown that following more rate movement, eight out of 10 expect rates to settle and end the year at or above 5.75%.June’s Monetary Policy Committee minutes indicated that another increase is imminent, and a third of brokers questioned believed that the rates would be at the 6% barrier as we […]

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