View more on these topics

B&W extends adverse range

Bristol & West Mortgages has extended its adverse credit range to provide greater variety and improved rates and benefits.

The extended range was launched on October 21 and, while remaining easy for brokers and customers to understand, now provides them with significantly more choice. All adverse products start with a one-year discounted base rate tracker.

The products include light, medium and heavy adverse, deteriorating and non-deteriorating and full status and self-cert deals. There will also be four LTV bands available – 70%, 75%, 80% and a maximum LTV of 85% regardless of status. Customers who opt for lower LTV mortgages will benefit from significantly lower rates.

Dominic Toller, head of marketing at B&W Mortgages, says: “Bristol & West Mortgages&#39 adverse range provides a simple solution in the complex adverse market whilst ensuring customers are given a competitive choice of rates – and brokers continue to receive excellent service.”

• Mortgages PLC has reduced its remortgage rates by 0.25%.

The reduction applies across the board to all remortgage products. Some highlights from Mortgage PLC&#39s remortgage range include its 70% LTV near prime remortgage, which is now available at 4% and includes a 1.75% discount until 30/11/04, and its 85% LTV light adverse self-cert remortgage which is available at 5.95% and includes a 1.5% discount until 30/11/04.

Peter Beaumont, sales and marketing director, says: “Our quarter percent rate reduction on all remortgages puts our sub-prime products on a par with many mainstream mortgage deals. They represent fantastic value for money. This move should really help brokers capitalise on the opportunities in the remortgage market.”

Recommended

Hometrack doubts rate rise will slow housing market

Hometrack has predicted that any move to increase the Bank of England base rate will do little to slow the housing market. The Bank&#39s Monetary Policy Committee is expected to increase the base rate rise by 0.25% or, at most, 0.50% later today. Analysts say the decision will be based on fears that household borrowing […]

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 […]

Don&#39t regulate, educate

Seven out of 10 compliance officers in the financial services industry say mis-selling can best be avoided by improved consumer education rather than tighter regulation. In a survey of 134 financial advisers dealing with mis-selling claims conducted by Huntswood Outsourcing Solutions, more than nine in 10 believe educating children in personal finance should be made […]

Mortgage Advice Bureau signs up estate agent network

Mortgage Advice Bureau has just signed up estate agent network Davis Tate, with seven offices in the Reading area, as part of its expansion plans throughout the south of England. Davis Tate&#39s managing director David Tate says: “Today&#39s estate agent has to offer a comprehensive homebuying and selling service, and that includes guidance on picking […]

Top seaside property hotspots revealed

Like to let beside the seaside? The latest research from LendInvest looks specifically at coastal towns to find which areas offer the top average rental yields to landlords. Where are the top seaside postcodes for landlords? The interactive map below looks at the highest rental yields along the UK coast. According to the data, Hull, […]

Newsletter

News and expert analysis straight to your inbox

Sign up