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RBSIP launches two-year fixed rate

RBS Intermediary Partners has launched a two-year fixed rate product. It is also repricing its fixed rate range and is launching new rates for NatWest’s fixed rate buy-to-let deals.

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Brokers hail the importance of service

Edeus has revealed that eight out of 10 brokers think an instant binding decision is the most important service a lender can offer.The survey by the lender, which aimed to reveal broker’s attitudes to lenders and their offerings, has revealed that the majority of brokers believe the ability to process business quickly is crucial. When […]

Barclays scheme to help SAM victims

SAMs, which were sold in the 1990s, allowed customers to borrow money secured against their properties without paying interest or making monthly repayments. In return, lenders took a share of any increases in the value of the properties. But because owners have to repay lenders when they want to move, many of them have found […]

SHIP fees will rise 400% to pay for new staff

Safe Home Income Plans has revealed it is increasing its fees from £6,000 a year to £24,000 to pay for a full-time director-general and two members of support staff.Following a strategic review by non-executive chairman Laurie Edmans, SHIP decided to increase its staff levels and set up a central London office.As all SHIP activity until […]

BTL market has grown by 30 times

ThePropertyInvestmentMarket.com says the buy-to-let market has grown by 30 times since Blair has been in power.The website says the buy-to-let market represents approximately 10% of the UK residential housing market having grown from virtually nothing since 1997. By the end of 2006, there were 850,000 buy-to-let mortgages outstanding, worth £94.8bn , from only 28,700 less […]

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