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C&G to reprice fixes on Monday 5 September

From Monday September 5 Cheltenham & Gloucester is repricing the rates on its three-year premium fixed rate mortgage and its standard two, three, five and seven-year 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 are available from September 5 2005.

“We have been able to maintain our market leading 4.39% two-year premium fixed rate for the time being, but this is unlikely to be sustainable for long.”


Mortgage Choice joins Freedom Lending’s panel

Mortgage Choice, the specialist mortgage packager, has joined Freedom Lendings panel of mortgage distributors.Mortgage Choice, which is based in Sale near Manchester and is a member of the Professional Mortgage Packagers Alliance, will market the entire Freedom Lending product range which includes self-cert, buy-to-let, let-to-buy and its On-Track sub-prime range, to mortgage brokers throughout the […]

Genesis and GHL to merge

Genesis Home Loans and Guaranteed Home Loans have revealed that, subject to final Financial Services Authority approval, the two companies are merging.Initially, both will continue to trade under the separate brands, with John Smith, managing director of GHL, joining the existing Genesis directors in forming the new board.Barry Robson, managing director of Genesis, says: Todays […]

Have your say on the future of CII

The ABI Critical Illness Working Party review into critical illness insurance has now reached a crucial stage. The consultation paper has been completed and is out for comment. It sets out proposals which aim to ensure CII is sustainable in the long-term.

Help in sight for first-time buyers

The outlook for struggling first-time buyers is bright as long as lenders support government initiatives and continue to modify their own policies and criteria, says James Taylor

Bridging is no longer a dirty word

It’s not that long ago that short-term finance, or, perhaps more specifically, bridging finance were viewed as dirty words by mortgage brokers. The rates on offer were punishing, meaning there were only a handful of situations where it would be appropriate to arrange one. Some lenders didn’t exactly uphold great reputations for service standards either; […]


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