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Flat-pack opportunity

First-time buyers in Gateshead will have access to affordable housing thanks to BoKlok flat-pack homes.

Residents will move into the UK’s first BoKlok development in May, having met the criteria of earning between £15,000 and £35,000 per year and never having owned a home.

The initiative, already successful in Scandinavia, offers a range of home ownership options including part-purchase deals.

Prices range from £99,500 for a one-bedroom flat to £149,950 for a three-bedroom townhouse.


Nationwide pulls two-year fixes and trackers

Nationwide has followed in the footsteps of Abbey and repriced its product range. The mutual has withdrawn its two-year trackers and two-year fixes and increased all fixed rates by 0.20%. It has also increased the rates of selected trackers by 0.51% and 0.57%.

Jobs go at Paragon

Paragon is set to axe up to a third of its workforce after Mortgage Trust’s new business processing function was transferred from Epsom to Solihul, the buy-to-let lender confirmed this morning.Paragon says the reduction in new business generation over the period has necessitated a review of the group’s resource requirements and that the group headcount […]

Prime market will inject life back into sub-prime

Roger Morris, managing director, em-financial believes that life will be injected back into the sub-prime market through problems in the prime market.Morris says that up to a year ago, prime lenders were creeping into the sub-prime side of business and stealing cases away from packagers, but now because they are refusing those types of cases, […]

Crime Ring

Tragedy visited Mortgage Strategy editor Robyn Hall last week, woth the theft of his beloved mobile phone.


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