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TBMC Leeds roadshow success story

Cardiff-based buy-to-let and commercial specialist packager, The Business Mortgage Company, has held its third successful seminar in Leeds.

The four different presentations given on buy-to-let and commercial mortgages to groups of local brokers were found to be of a high standard.

The round-table format was particularly well received as Paul Rockett, sales director for TBMC points out: The idea of putting brokers into groups and spending twenty minutes with each speaker works well.

Since this is a strong indication of the continuingly high level of interest in buy-to-let and commercial mortgages, Paul Rockett has proposed that next year TBMC may hold roadshows on a monthly basis.


B&B launches 72-hour stepped tracker mortgage

Bradford & Bingley is offering borrowers an exclusive 72-hour stepped tracker mortgage, funded by Norwich & Peterborough. The product, designed for remortgagers who want to move the process along quickly, has a competitive initial rate of 4.50%, followed by 4.75% in year two.The loan moves to 5.0% in year three then reverts to alifetime tracker […]

C&G reprices premium mortgage rates

From Monday October 3 2005 Cheltenham & Gloucester is repricing the rates on its two year and three year premium fixed-rate mortgages.Nick Hale, sales director at C&G says: “Following the increase in the cost of purchasing funds through the money markets it has been necessary for C&G to review its rates and these new products […]

Dinosaurs dying on the high street

Throughout this year we have seen a stream of societies closing their high street branches. The dinosaurs are slowly dying out. As I shall try to explain, this is effectively a vote in favour of intermediary sales and a recognition that intermediaries make for a low-cost distribution channel for all mortgage lenders. Too low in […]

Principality releases interim half year results

Principality, Waless largest society, has issued results that reflect a strong performance for the first half of 2005 in an increasingly competitive and crowded market.The year-on-year highlights include group assets growth of 10.44%, exceeding 4.2bn compared to 3.8bn in June 2004. Group profit before tax increased by 17.76% to 9.7m, compared to 8.2m in June […]


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