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Britannia fix

Britannia has launched a two-year fixed rate mortgage offering a rate of 4.29% up to 95% LTV. This is a drop of 20 basis points as the previous rate was 4.49%. The initial rate on Britannia’s two-year discount tracker also falls to 4.35%.

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Abbey Residential Property Plan to close to investment

The Abbey Residential Property Plan marketed in association with Knight Frank Corporate Finance closes to investment on November 4. This 10-year investment is designed to provide both capital protection and offer investors exposure to the UK residential property market without the risks that come from buying property as an investment. The Plan tracks the Halifax […]

MI strikes secured lending deal

Mortgage Intelligence has completed an exclusive deal with finance broker Norton Finance in the secured lending second charge sector whereby clients can borrow up to 125% LTV with a term from three to 30 years at interest rates starting from 6.3%. Norton will provide a same day decision in principle as well as keeping members […]

Furness in distribution deal with MPLC

Furness, the North-West based mutual lender, has further developed into the sub-prime sector by announcing a distribution agreement with Mortgages PLC.Under the terms of the deal Furness will market the entire MPLC product range to intermediaries using jointly branded marketing and promotional material. A specialist team has been set up within the Furness Direct operation […]

Government links building control to housing warranty schemes

The government is introducing a new rule linking building control by approved inspectors on new homes with designated housing warranty schemes.The Warranty Link Rule will increase competition and choice in building control across the whole range of regulated building work, whilst providing residential owner-occupiers with appropriate safeguards.Yvette Cooper, housing minister, says: “From today the WLR […]

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