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UCB Home Loans cuts fixed rates

UCB Home Loans is reducing fixed rates across its range of self-cert and buy-to-let mortgages. Two-year fixed rates are being cut by 0.25%, three-year fixed rates by 0.2% and five-year fixed rates by 0.1%.

Lenders are increasingly offering split pricing on products so borrowers can opt for fee-free deals with higher interest rates or products with higher fees and lower rates. But last week MPs accused lenders of charging high fees to keep rates low and top best buy tables.

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Brits most likely to shop around for financial services

Customers in the UK are most likely to shop around for a financial bargain in the EU, reveals a survey by Datamonitor.The survey, which looked at the behaviour of financial customers around Europe, found that almost all of branch managers at banks and building societies in the UK agreed that customers shop around for financial […]

Court sentences woman for mortgage and benefit fraud

A woman who falsifyed a mortgage application and dishonestly claimed more than £15,000 in benefits and has been prosecuted, after an investigation by Aylesbury Vale District Council.Shaheen Ilyas, 45, had been claiming benefits for several years on the basis that she was a single parent with six children. After a three-day trial, a jury found […]

GEMHL teams up with Sesame and Mortgages Direct

GE Money Home Lending has teamed up with Sesame and Mortgages Direct, Spicerhaart’s financial services division.Both Seame and Mortgages Direct will now have access to GEMHL’s First National Direct 2U range.Duncan Berry, director of mortgage sales at GEMHL, says: “The specialist mortgage market is going from strength to strength and the direct to broker channel […]

Compass becomes Debt Adviser Group

Debt solutions specialist Compass Finance Group has changed its name to The Debt Advisor Group.The company’s change of name was approved by shareholders at its annual general meeting on February 23. The change of the company’s name has been implemented to reflect the range of products and services provided by the Group.Mike Sutcliffe, chief executive […]

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