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B2L change for West Brom

West Brom for Intermediaries has switched its buy-to-let rental calculations to a fixed notional rate of 5.95%. If rates rise the calculation will remain unaffected.

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Diversification drives bank profits, says KPMG

Profit growth in wholesale, wealth management, investment banking and international banking markets have been key factors in the growth of UK banks, KPMGs UK financial institutions performance survey reveals.The survey compares the annual results of HBOS, Royal Bank of Scotland, Lloyds TSB and Barclays. Pre-tax profits increased by 20.3% year-on-year ending December 2006 at 26,276m.Profits […]

Yorkshire announces record year with mortgage asset growth of 10.4%

Yorkshire has announced a record year for 2006 with underlying mortgage asset growth of 10.4% up to 13.3bn.Gross lending was up 26% to 4bn and net lending was up 52% to 1.3bn year-on-year.Member savings balance grew by 10.6% to 11.3bn and net retail inflow stood at 791m, which was up 84% on 2005.Management expense ratio […]

Horsman returns to BM Solutions

Dave Horsman, formerly edeus’ head of national accounts, has rejoined BM Solutions. He quit his BDM position at the HBOS subsidiary to join Michael Bolton’s start-up but the move proved short-lived and Horsman quit earlier this year. Chris Pearson, head of sales and marketing at BM Solutions, says: “The horse has bolted and returned to […]

Freedom cuts fixed rates

Freedom Lending has reduced the pricing of its two and three-year fixed rates.Freedom’s prime self-cert two and three-year fixed rates are now from 5.73%, it’s buy-to-let with rental income for two and three-year fixed rates are now from 5.68%. The buy-to-let rental and earned income is also down, with the two and three-year fixed rates […]

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