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SPML extends fixed rates by six months

Southern Pacific Mortgage Limited has extended its fixed rates on standard, large loan, let-to-buy and Right to Buy schemes by six months to September 1 2005.

Fixed rates on these schemes start from 5.99%. The current discount offer on SPML&#39s Right to Buy scheme D has also been increased by 1% to 1.75%, while the term for its light adverse scheme discount has been extended to September 1 2005.

John Prust, SPML&#39s sales and marketing director, says: “Feedback from packagers shows that borrowers are increasingly looking for good fixed and discount deals as interest rates have bottomed out and are starting to rise again. The extra six months on our fixed rate follows a recent similar extension of our discount terms.”


Amber appoints Sutcliffe

Amber Homeloans has appointed a new development manager for the north, Graham Sutcliffe. The company says this will enable the company to give regional support to mortgage packagers and panels in the north of England and Scotland. Sutcliffe graduated from Leeds Metropolitan University with a degree in Urban Development and Economics, before beginning his career […]

Halifax launches cashback mortgage to help FTBs

Halifax has launched a 1% cashback mortgage designed to alleviate the burden of Stamp Duty for first-time-buyers. The product comes on the back of the government&#39s failure to reclassify Stamp Duty bands in last months&#39 budget. With the average cost of property in the UK now over £100,000 it means the majority of first-time-buyers are […]

Review of adviser exams could lead to drop in standards, warns LIA

A proposed review of financial advisers&#39 exams could lead to a drop in standards and further confusion among the public, the LIA has warned. The Financial Services Skills Council is proposing a range of modular exams from which employers can select, depending on the roles of their employees. However, the LIA, which represents 20,000 people […]

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 […]

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Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.


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