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PMPA exclusive deals from TMB

The Professional Mortgage Packagers Alliance has launched four exclusive products and one semi- exclusive product from The Mortgage Business. The first two deals are options in TMB’s Self 85 range that allows self-cert to a maximum LTV of 85%. The other two exclusives are in TMB’s house to house range. Both are two-year trackers with maximum LTVs of 85%. The semi- exclusive is a one-year tracker from the buy-to-let range which again has a maximum LTV of 85%.

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Mortgage fees could reach £2,700 by 2016

Moneyfacts.co.uk has investigated the rapid growth in mortgage fees over the last 10 years, and predicts that mortgage fees could be as much as £2,700 by 2016 if the trend continues at the same rate.A spokeswoman for Moneyfacts, says: “Ten years ago, mortgages fees averaged £300, today this figure has trebled, to an average cost […]

Network Data looks to sell mortgageLink

Network Data has admitted it is looking to sell its mortgageLink sourcing system and is in talks with several companies. Following its flotation on the Alternative Investment Market earlier this year, the network is taking a fresh look at its business and whether or not it makes sense to retain mortgageLink. Richard Griffiths, managing director […]

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