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Readers reject Darling’s call for long-term deals

A massive 81% of Mortgage Strategy Online readers will refrain from encouraging clients to consider long-term fixed rates. Just 19% will comply with the chancellor’s desire to bolster the take-up of long-term fixed rate deals.

This week, Mortgage Strategy asks: “Have you reviewed your professional indemnity policy in the past six months?” Q: Would you encourage clients to consider long-term fixed rate mortgages?


Savings inflows surge at building societies

Building societies saw the highest February inflow of savings for more than 10 years last month, the Building Societies Association reveals.The trade body says building societies experienced net receipts of £1.35bn in February 2008 – the highest level of February inflows since 1997.This figure also shows an increase from £782m in savings inflows during February […]

Lenders’ proc fees don’t stack up

Brokers are paid less per hour than binmen, so lenders should beef up the proc fees they pay to better reflect the work that brokers put in and the value they add, says Rob Clifford

Accord withdraws prime three and five-year fixes

Accord Mortgages will withdraw a range of its fixed rate deals as of close of business tomorrow. These include a range of its prime three and five-year fixed rates and three and five-year remortgage fixed rates. The lender says that replacement products has yet to decide whether to launch replacements.


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