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Shared ownership deal welcomed

Solent Mortgage Services says its had a positive response from brokers to its shared ownership product through Trafalgar Homeloans, SMS’s partnership with Preferred.

The product, which allows up to 100% LTV borrowing if the client’s share is between 50% and 75%, is available for purchase and remortgage at 2.95% over LIBOR with a 1% discount for the first 12 months.

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Disappointment at government U-turn on SIPPs

Following the chancellors pre-Budget Report, residential investment specialist Vivacity says it’s disappointed in the U-turn on including residential properties in self invested personal pensions. Simon Halls, managing director of Vivacity, says: While we had always shared some concerns over the inclusion of overseas property and second homes as a suitable asset class for pension investment, […]

Market Watch

For most of last week, swaps continued to fall from their recent highs but towards the end of the week they edged back up a bit.

The Mortgage Show is launched

The Mortgage Show, the UKs first mortgage event created especially for consumers, has been launched by the organisers of Mortgage Business Expo.To be held at Londons Olympia from September 29 to October 1 2006, the show will give borrowers an insight into every aspect of the mortgage market and put them face-to-face with lenders and […]

CML Conference: Government plans shared equity pilot run in October 2006

The government is planning a pilot run of its shared equity scheme to help more first-time buyers get onto the property ladder in October 2006. Yvette Cooper MP, minister of state for housing and planning, revealed the date during her speech Extending Home Ownership at the Council of Mortgage Lenders annual conference today. She said […]

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