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4.49% fixed rate tops new Abbey range

Abbey National will launch a new mortgage range on August 7 2002, available to first-time buyers, movers and remortgage customers.

Top of the range is a two-year fixed rate of 4.49% for loans up to 95% LTV. The range has no extended tie-ins and no compulsory insurance.

Besides the two year 4.49% deal, best buy fixed rates include a five year 4.99% deal for loans up to 90% LTV.

Best buy discount rates include a two year 3.95% deal for loans up to 75% LTV and a five year 4.05% offer on loans up to 95% LTV/

Janet Connor, director of retail marketing at Abbey National, says: “Our new range includes some of the most competitive deals in the market and is a clear indication of our commitment to providing great quality deals for borrowers. The rates offer a fantastic opportunity for customers whether they are looking for affordable peace of mind or great value upfront discounts.”


NACFB launches B2L code of practice

The National Association of Commercial Finance Brokers has launched a code of practice for the buy-to-let market in a bid to ensure best practice in this buoyant commercial sector.Recent months have seen a notable change in opinions of the buy-to-let sector, with advisers and lenders such as Southern Pacific Mortgage Limited and Birmingham Midshires Solutions […]

Treasury sticks by plans to remove £5 fee cap

The Treasury has confirmed that the current £5 cap on brokerage fees not leading to a mortgage contract will be abolished. By removing the £5 limit the Treasury acknowledges there are occasions “when the appropriate advice is not to take out a mortgage” and paves the way for brokers to claim fees that reflect this. […]

Intelligent Finance joins sales and marketing forces

Intelligent Finance is integrating its sales and marketing teams. Ian Jeffery, currently sales director, will head up the new team as sales and marketing director from the end of August. Angela McIntosh, marketing director at Intelligent Finance, will be retiring at the end of August but has agreed to remain with the bank in a […]

Advice definition is final, says Treasury

The definition of advice in the consultation draft of the Regulated Activities Order is final, says the Treasury. Strategic or generic advice will not be regulated following the format for investment advice, and only advice on the merits of a particular mortgage will be captured. The Treasury registers the concerns of respondents who sought greater […]


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