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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 market as the traditional Spring house buying season approaches, the prospect of a further Bank of England base rate rise in the next couple of months continues to create an element of uncertainty.

“The issue is compounded by the fact that cheaper fixed rate deals have become fewer and further between as many lenders have been forced to re-price their ranges due to the knock-on effect of the rising cost of funds.

“This is why we decided it was important to offer an alternative which would give homebuyers the added peace of mind of affordable, guaranteed monthly payments for two years, after which there is every chance that the interest rate tide will have started to turn again.”


Wimpey launches property club

George Wimpey has launched a Property Investor Club for professional investors and members of the public, to offer exclusive access to new developments before they are put on general release. There will also be help and guidance on building and managing a property portfolio and financial benefits and savings.

Mortgage lending may have peaked

The Building Societies Association says that despite a record February, mortgage lending has reached a plateau and may not climb to new highs for several months.

Surveyor wins session with England squad

A chartered surveyor has won the chance to train with Wayne Rooney, Stephen Gerrard, John Terry and the other members of the England squad. Richard Ingham, from chartered surveyors Thomas Davidson, won the raffle prize which at a celebrity poker evening hosted by Vinnie Jones and television presenter Natalie Pinkham. The event was organised to […]


FSA advice on wording leads to confusion on adverts

As a sole trader working in this regulated world, things aren’t easy, so when you try to put together an advert to generate some more business a bit of clarity would be nice. I was recently working on the wording for a advert for commercial mortgages with my network compliance team when we came across […]


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