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LMC launches new products

LMC has launced several new products, with special attention on sub-prime and buy-to-let deals.

LMC is now looking at CCJs based on number rather than value, and well as only offering two LTV bandings, which will simplyfing the product structure It is also offering a new two-Year fixed-rate available from 5.29%.

As well as the resetting of its fixed-rate deal, LMC are also releasing a 90% LTV buy-to-let product. This has no early redemption charge, and a two-year fixed-rate buy-to-let from 6.19%.


Tony Murtagh wins Kylie tickets

Edeus CEO Michael Bolton’s £4,500 bid to win front row tickets to a Kylie concert was knocked off the top spot last week just a day before the auction closed. A £10,000 bid from The Money Group’s managing director Tony Murtagh is more than double Bolton’s offer. The tickets to see the Australian singer perform […]

Embrace IT to stay ahead in 2007

The only way brokers can coax consumers away from retail-only lenders is by embracing technology, says GMAC-RFC.Recent estimates put the proportion of the mortgage market that is controlled by brokers at almost three-quarters, as retail-only len-ders gradually lose their grip on the industry.But as 2007 looks set to be a tougher year than 2006 with […]

Newcastle launches five-year fixed rate

Newcastle has added to its mortgage range with the launch of a five-year fixedrate mortgage at a rate of 5.05% until January 31, 2012.The product offers 95% LTV and a free standard valuation for remortgages worth up to £410 or a £250 cashback and is not subject to any higher lending charges up to 90% […]

A&L targets professional landlords

Alliance & Leicester Commercial has launched a wholesale buy-to-let product aimed at professional landlords with larger portfolios of predominantly residential investment properties. The launch follows the bank’s move into the retail buy-to-let market earlier this year, A&L plan to develop a specialist commercial property lending business encompassing both the commercial and residential investment markets.A&L Commercial […]

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Health Shield announces strong results

Health Shield, a corporate health cash plan provider, has announced that it has increased gross annual premium income to more than £25m in another year of strong organic growth.


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