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Money partners reduces rates

After the recent three-month LIBOR reset, specialist lender Money Partners Limited has dropped its variable rate to 4.65% effective from September 1, 2005.

This means that both discount and variable rates have been reduced for the second time in just four weeks, with a one-year discount on Money Partners’ new Premier product now starting at 4.05%.

There will be no further change to fixed rates as the Origin fixed rate products were changed on August 15 in anticipation of the LIBOR reduction and have been fixed until November 30 2006/7/8 respectively.

Adam Henry, sales director, says: “Consistent with our policy of offering highly competitive and good value products, our discounted rates now start from just 4.05% and our one year fixed rate from 4.49%. This provides our intermediaries with some of the most attractive rates around to offer to their customers.”

The remaining reset date for 2005 is December 1 2005.


Amber becomes ENC lender

Trigold has revealed that Amber Homeloans is the latest lender to feature on its Enhanced Non Conforming platform.Amber products and criteria are now live on the ENC sourcing module on Trigold.ENC is for brokers sourcing sub-prime mortgage products. Amber has built a reputation for innovative products, flexible underwriting and excellent service. It joins other sub-prime […]

County says profits trebled in 2004

The County Mortgage Group, which owns c2-financial and c2-secured, says group pre-tax profits trebled during 2004 to just over 300,000. The company says the increase is especially good news as it has invested heavily during that time in technology and larger premises. David Wylie, managing director of c2, says: “Although we are obviously not yet […]

Prices rose 100% in past five years

Average house prices have risen 100% in the past five years. Hometrack says, had you invested 100,000 in property five years ago, the average return would be 98.9%. Towns showing the largest increases in the past five years are Llandudno, Plymouth and Doncaster, while those with the smallest rise were Guildford, Reading and St Albans. […]

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Mortgage Strategy’s weekly guide to what’s hot and what’s not on the web. Kevin Paterson takes a look at lender websites, working his way from A to Z


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