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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.


MEX takes drastic action to resolve service problems

Mortgage Express is reassuring brokers that it is working to solve its service problems, saying it has taken drastic action to tackle the situation. Although it admits to having had service problems over the past few weeks, it says it has been honest with brokers and is focussing all its efforts on solving the problem. […]

Pension reforms to inform

Draft regulations published today will guarantee members of non money-purchase schemes an annual benefits information statement on their pension said the Minister for Pensions Reform, Stephen Timms.The draft regulations, Occupational Pension Schemes (Disclosure of Information), introduce a requirement that annual benefit information for non money-purchase benefits is provided automatically, and in addition establishes an approach […]

Halifax reports pick-up in housing market

The Halifax’s latest All Houses, All Buyers Index reveals a pick-up in the housing market. House prices increased by 1.6% in August following a 0.4% gain in July. This was the biggest monthly gain since September 2004.Prices have increased by only 2.1% in the first eight months of this year compared with a 12.5% rise […]


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