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Kensington hikes one-year discount rate to 2%

Kensington has increased its one-year discount rate from 1.75% to 2% on all variable rate products.

Alastair Pate, director of marketing and strategy at Kensington, says: “We are continually looking to deliver value in the market. This offer demonstrates Kensington&#39s commitment to helping intermediaries serve their clients who require specialist mortgages.”

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Service targets DA brokers

Mortgage, general insurance and protection service provider Mortgage Support Network has joined forces with compliance services firm SimplyBiz to create Mortgage Support Direct, targeting brokers opting for direct authorisation. SimplyBiz, set up in 2000 by DBS founder Ken Davy and the UK&#39s third largest compliance services provider, and MSN already have 1,000 member firms and […]

Rising rates drive homeowners to fix

Rising interest rates have prompted UK homeowners to think about moving their mortgage to the safety of a fixed rate deal, a survey by ICM for Direct Line Financial Services has revealed. The Direct Line survey, which is the first in a series, compares the different views of UK homeowners against personal finance journalists on […]

Optoma increases Abbey proc fee

Optoma is increasing the proc fee for Abbey online submissions to 0.35%. The company says that this is to support the thousands of brokers who are now unable to claim through the Legal & General mortgage club. Andrew Seymour, chairman and chief executive at Optoma, says: “Brokers should be rewarded for submitting online as they […]

Paragon makes B2L easier

Paragon is to use a reference rate of 5% to calculate clients&#39 rental incomes, which experts say will inc-rease the chances of investors getting accepted for a buy-to-let deal with the lender. Previously Paragon was using its SVR to calculate rental income, which must be 130% of monthly mortgage payments. With a mortgage of £100,000 […]

Health services

Challenges and opportunities

By Sarah Scott, marketing consultant On 22 February this year the charity Diabetes UK launched a fundraising initiative, #Swim22. They challenged individuals to swim 22 miles over the course of 89 days – a distance that equates to the width of the English Channel. Because of the time period the challenge is spread over, it […]

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