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Kent Reliance launches 25-year fixed rate mortgage

Kent Reliance has launched a 25-year fixed-rate product. The mortgage is portable, is available for first-time buyers up to 95% LTV, home movers and those wishing to remortgage.

The mortgage is also available on shared ownership lending.

Mike Lazenby, chief executive of Kent Reliance, says: “Mortgage repayments are a big part of most people’s budget and this new long term fix is great for anyone wanting to plan with certainty their mortgage payments over the next 25 years and yet have the flexibility to make over payments of up to £500 per month without penalty.

“Being fully portable and at a best buy rate we expect demand to be very high. However, for those unsure as to whether they wish to fix the whole of their loan, Kent Reliance is happy to offer the flexibility of a mix and match loan, with part fixed and part variable, linked to the Bank of England Base Rate, the best of both worlds”.


Mortgages PLC offers sub-prime products to self-build

Mortgages PLC is now allowing borrowers building their own properties to access most of its sub-prime products. Mortgages PLC’s product range is also available to self-builders on a self-certification basis up to 85% LTV, and on a full status basis up to 95% LTV. Funds will be released in four phases: after construction to first […]

House prices on the way up for 2007

Hometrack has predicted the housing market is moving into “unchartered territory”, and has forecast a 4% rise in house prices for 2007.The automated valuation model provider says the supply and demand imbalance and low levels of housing turnover will drive up house prices.Richard Donnell, director of research at Hometrack, says: “The housing market is moving […]

FSA publishes anti-crime tool

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Underwriting is key in battle of the lenders

With more lenders entering the market each year, players have to find new ways of staying competitive and one differentiator is the way in which applications are assessed.


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