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BDS adds discount to SPML LIBOR trackers

BDS Mortgage Group has unveiled an additional discount on a range of LIBOR tracker schemes from specialist lender SPML, negotiated exclusively by PMPA for it&#39s members.

SPML, the dedicated intermediary lender has increased the discount on nine of its standard products interest rates, from as low as LIBOR plus 2.75%.

Highlights of the products include a 90% self-cert, for both employed & self employed, an unlimited capital raising &#45 90% – with no bank statements required and unlimited adverse to 80%.

Phil Jay, managing director, says: “PMPA has once again proved why it is the leading packager association by negotiating exclusive discounts on behalf of it&#39s nineteen members.

“These SPML schemes are not just competitive but very flexible in terms of criteria and requirements. With the recent rate increases this extra discount is more than a welcome reprieve.”


BMS, MEX and Paragon joins the NLA

Buy-to-let lenders Birmingham Midshires, Mortgage Express and Paragon Mortgages, have joined the National Landlords Association as special corporate members. The NLA says this is a major step forward in achieving a more unified voice for the private rented sector. The new corporate members will participate in an organisation that represents and lobbies on behalf of […]

Boom squeezes out Welsh FTBs

Wales has seen the biggest house price increases in the UK over the past 12 months, making property increasingly unaffordable for first-time buyers. Swansea has done particularly well, with 55% property price growth between April 2003 and April 2004, based on Halifax figures. A former council house in Swansea sold for a record £260,000 at […]

MCCB reveals results of renewal period

The Mortgage Code Compliance Board has revealed the results for its final registration renewal period. Figures released by the Board show that 9,961 intermediary firms, who are responsible for 36,924 sales staff, have renewed their MCCB registrations for the final period of non-statutory regulation leading up to Mortgage Day on October 31 2004. In addition […]

Lib Dems label financial services of reckless

The Liberal Democrats have accused rising lending by banks and building societies as recklessly fuelling the housing boom. Commenting on figures on lending to individuals out today, Vince Cable MP, Liberal Democrat Shadow Chancellor, says Britain&#39s personal debt will top £1tn in the next ten days – and isincreasing at £1m every four minutes. He […]


Health Shield joins the Association of Medical Insurance Intermediaries

Health cash plan provider Health Shield has joined the Association of Medical Insurance Intermediaries (AMII) as a corporate member. The non-profit-making Friendly Society is one of eight health cash plan providers to join the intermediary trade body, which is looking to establish working parties with intermediaries and providers on issues such as product innovation and regulation.


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