View more on these topics

Abbey unveils products for new-build borrowers

Abbey has launched three mortgage products for new-build borrowers.

As the number and value of new-build properties continues to rise with an estimated 180,000 new houses being built in 2003 at an average loan size of £136,850, abbey has launched three mortgages for those buying in this sector.

A three-year variable rate tracker available for loans up to £1m, with no booking or arrangement fees to pay and no completion deadlines, is available for new-build properties and customers who want the reassurance of reduced payments in the early years.

Jan Errington, group marketing manager at Abbey for Intermediaries, says: “These mortgages have been tailored to meet the needs of people buying a new-build home.

“In addition to reduced payments over the first three years homebuyers benefit from no completion deadlines and can also take advantage of the cashback and free valuation offers available on some of the products in our new-build range.”

• Home Condition Reports have worked successfully in Denmark for six years, says Palle Ulstrup, CEO of the Danish Association of Chartered Estate Agents.

He was addressing a gathering of surveyors, estate agents and future home inspectors at the first SAVA Conference held at Warwick University.

Recommended

ASDA to offer mortgage cover

ASDA will offer life and mortgage insurance to its 11 million weekly shoppers in the UK supermarket giant&#39s latest foray into financial services. The move follows the recent roll out of motor, travel and home insurance through its 263 stores and website. The provision of financial services is a key aim of US parent Wal-Mart […]

Treasury announces review of Financial Services and Markets Act 2000

Financial secretary Ruth Kelly has announced a review of the Financial Services and Markets Act 2000 after its first two years of operation. As part of the review the Office of Fair Trading will carry out an assessment of the impact of the FSMA on competition in financial services. The Financial Services Authority will examine […]

Amber targets light adverse customers

Amber Homeloans is launching a product aimed at borrowers at the light end of the adverse credit scale. Amber&#39s Feather adverse mortgage is available with a full status option at a rate of only 3.60% and also has a self-cert option at 4.10%. The full status mortgages are suitable for borrowers who intend to provide […]

Square peg answers don&#39t fit round hole questions online

From Bob AdamsMortgage lenders and term providers are keen to push and temporarily incentivise us all to submit everything online to keep their costs down. Could they not accumulate a nice pot of money from their savings and distribute it to brokers who have spent hours trying to submit square peg client answers into their […]

Newsletter

News and expert analysis straight to your inbox

Sign up