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Hamptons and Square Mile unveil tracker rate

Hamptons and Square Mile last week announced an exclusive tracker rate.

The pay rate is 3.99% and it is Bank of England base rate less 0.51% for two years, then base plus 1.25% for the life of the loan.

The rate contains early repayment penalties of 3% in year one and 2% in year two, along with an arrangement fee of £699.

It will be available from July 1 for purchases and remortgages and is available up to 90% of £500,000, 85% to £1.7m and 75% to £2m.


Don&#39t put off your network decision

Despite the reluctance of some networks to be open and honest about membership levels, the fact is that mortgage intermediaries are not committing as quickly as we all would have liked. The key question for the networks must be – why is this the case? We believe that there is significant demand from mortgage intermediaries […]

BMS moves to grab more of the B2L market

• One-year money is down 0.13% to 5.25%• Two-year money is down 0.17% to 5.36%• Three-year money is down 0.18% to 5.43%• Five-year money is down 0.17% to 5.47% Due to previous swaps rises we saw the following lenders pull their fixed rates last week: Northern Rock, Bank of Ireland, The Woolwich, Cheltenham & Gloucester […]

Private rented sector in dialogue with government

Representatives of the private rented sector have met Keith Hill, the minister of housing and planning. David Salusbury, chairman of the National Landlords Association and vice-chairman of the National Federation of Residential Landlords, and Richard Price, chief executive of the NFRL, had a wide-ranging discussion with the minister and his officials. While the meeting took […]

Peach Financial Group offers flexible base rate tracker

Peach Financial is offering a flexible base rate tracker mortgage of just 4.84% on home loans. Peach says the mortgage will suit those who enjoy freedom and don&#39t want to be tied to a long-term deal. The mortgage can be reduced or redeemed at any time without incurring an early repayment charge. The mortgage benefits […]


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