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AMPD to offer Freedom self-cert

Freedom Lending has launched a two-year self-cert tracker mortgage available exclusively via members of the Alliance of Mortgage Packagers and Distributors.

The product has a rate of 5.43% to 85% LTV, which is + 0.18% above the Bank of England base rate, or 5.63% to 90% LTV, + 0.38% above the base rate.

There are also optional free legal fees on remortgages, which adds 0.1% to the rate. The completion Fee is 1,485.

Mel Dring, marketing director of Freedom, says: Were delighted to be launching this product exclusively via AMPD.

“This is currently one of the most competitively priced two-year self-cert tracker products available and I have no doubt it will be very popular with both AMPD members and its clients.

Eddie Smith, director of operations at AMPD, says: This is now the sixth exclusive product we have agreed with Freedom Lending, which indicates not only the strength of our relationship but just how seriously Freedom takes the packaging community.


Mixed response

The response to Gordon Brown’s 11th Budget last week was mixed, with many in the industry viewing it as a wasted opportunity on Stamp Duty and others praising the raft of measures to encourage green housing. So, was Brown a hero or a zero? Two industry pundits give us their take.

Scarborough launches two-year fix

Scarborough has launched a two-year fixed rate mortgage with a rate of 4.94% until May 30 2009.It is available for both purchase and remortgage, with the latter having the benefit of the societys free legal package.Tony Burdin, head of group marketing at Scarborough, says: “Although there is evidence that confidence is returning to the mortgage […]

GEMHL is top RAMP lender

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GMAC-RFC sells portfolios to Morgan Stanley

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