View more on these topics

Abbey National relaunches mortgage range

Abbey National has revised its mortgage range, to goes on sale from November 6 2002.

New deals include a five-year capped rate at 4.94% and a flexible mortgage at 4.69%.

Other existing deals include a five-year fixed rate at 4.75%, a one-year fixed rate flexible mortgage at 4.49%, followed by Bank of England base rate plus a differential, currently 0.75%, and finally two and five-year fixed rates available for buy-to-let re-mortgages at 5.29%.

Customers can choose from upfront deals that revert to Abbey National&#39s 5.94% SVR at the end of the benefit period, or fully flexible mortgages linked to Base Rate. All flexible mortgages allow flexibility from day one, with overpayments, underpayments and payment holidays.

Janet Connor, Abbey National&#39s retail marketing director, says: “We are currently experiencing some of the best mortgage rates for the last 40 years and remaining competitive in this fast moving market is essential. These changes reflect our continuing commitment to keep our mortgages market-leading, and provide choice and great value for every type of buyer and remortgager.”


Future looks healthy for mortgage lending in Scotland, says CML

Affordability is much better in Scotland than in the UK as a whole, the CML claims. Despite this, Scotland has the lowest proportion of homeownership in the UK – although it is rising rapidly. These are some of the findings of a review of the Scottish housing market contained in the CML&#39s National Markets Review […]

Traded endowment policy (TEP) enquiries rocket by over 50%

The Financial Services Authority (FSA) ruling PS106 came into effect on September 1 2002 to ensure policyholders seeking information on surrendering an endowment policy are advised by their life company of the option to sell it. This has had a marked impact upon enquiry levels to the UK&#39s leading TEP Company, Surrenda-link, with over 50% […]

Charcol report reveals the rise and rise of &#39the singleton&#39

Britain&#39s home owners are becoming increasingly young, free and single, according to a new report issued by Charcol. The number of single homeowners has risen by 13% over the last 15 years and evidence suggests they have contributed more than their joint mortgage counterparts to the huge rise in property prices over this period. Barring […]

Guardian/PAA deal means Unlimited leads

Professional Adviser Alliance members are now able to receive leads from 450,000 Guardian Unlimited has reached an agreement with The Guardian&#39s website, Guardian Unlimited, to provide mortgage, credit card and loan channels exclusively on Money Unlimited, the dedicated money section of the site.Money Unlimited receives 450,000 visitors a month. These will be able to […]


News and expert analysis straight to your inbox

Sign up