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Halifax drops cost of fixed rates

Halifax is cutting the price of fixed rate mortgages.

A two-year fixed rate for homebuyers is falling from 4.4% to 4.3%, while a three-year fix drops from 5.15% to 4.99%. A five-year fix falls from 5.4% to 5.2%.

For remortgages, Halifax is dropping the two-year rate to 4.59%, while a five-year fixed rate is available from 5.25%, down from 5.4%.

The bank has also launched a three-year tracker capped at 5.25%. Available to all homebuyers at up to 97% LTV, the three-year capped tracker has a pay rate of 0.75% above base rates. There is an arrangement fee of £299.


Brokers anticipate sub-prime growth

Mortgage intermediaries expect more growth in specialist mortgage lending, the latest research from BM Solutions reveals. Over half of all mortgage cases introduced by brokers are mainstream. Nearly a quarter are self-cert, 12% are buy-to-let and 10% are sub-prime. The BM Solutions SMART index of broker confidence shows that advisers expect to do 4.9% more […]

Pink launches &#39Good as Gold&#39 AIP scheme

Pink Home Loans has launched a pilot “Good as Gold” application in principle scheme in conjunction with Bristol & West Mortgages. The pilot service is currently being offered to Pink Home Loans&#39 Premier members. Working with Bristol & West Mortgages, Pink Home Loans has developed a shortened AIP form of one page. Once a request […]

FMO and Trigold team up on compliance training

First Mortgage Options has teamed up with Trigold to demonstrate compliance software at FMO&#39s CeMAP training courses. Trigold staff will attend each course and demonstrate how the compliance aspects of the software relate to the CeMAP syllabus. David Espin, training and compliance officer at FMO, says: “We ran over 20 CeMAP training courses last year […]

Consumers put home ownership first

The number of housing transactions rose by 18% between 1992 and 2002, research from Mintel reveals. Although this conceals an 8% decrease to 1.4 million transactions in the past year, the Mintel 2003 British Lifestyles Survey shows that 81% of consumers who work full-time claim that owning their home is a priority. The survey of […]

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Guide: how to… communicate with your pension members

Effective communication of your pension scheme is a large part of getting auto-enrolment right. Delivering the same message to all employees is not necessarily the way to go. To assist you with the communication of your pension scheme, we have provided some key areas to think about, such as:

  • What to consider when segmenting your workforce
  • How to communicate to pension scheme members at the right time in their member lifecycle
  • What topics you should be discussing with your pension members
  • The new pension freedoms and the importance of communicating them


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