View more on these topics

MEX says lifetime customers are protected from base rate rise

Mortgage Express has responded to today&#39s decision by the Bank of England&#39s Monetary Policy Committee to raise the base rate to 4.5%, saying that its lifetime customers are protected from the increase.

Tim Sturley, head of business development at Mortgage Express, says: &#39&#39Lifetime customers are generally viewed as vulnerable, but all of our lifetime customers are on a fixed rate for the life of their mortgage, which means that they are protected from this and future changes in the base rate.

&#39&#39The pundits are predicting future increases to the base rate this year – our lifetime customers have peace of mind knowing that their lifetime product is fixed for the life of the mortgage and that they are not susceptible to the fluctuations in the market more generally. It is yet another safeguard to protect lifetime customers.”


Conveyancing arm is rebranded

Sherrards Solicitors, the Hertfordshire-based legal firm has rebranded its volume conveyancing and remortgaging division as &#39Homefast Property Lawyers&#39. Homefast is currently handling some 2000 transactions a month nationwide and provides services to three of the top five estate agency chains in the UK as well as five of the top 10 lenders. It also acts […]

Speculation mounts over Deutsche Bank and Barclays merger

Speculation is mounting that Deutsche Bank, the world&#39s third biggest bank, has set its sights on Barclays as a possible merger partner. The German bank, which has said it wants to link up with a foreign operator, it believed to have settled on three possible partners including Barclays, Netherlands-based ING and Switzerland&#39s Credit Suisse. German […]

Newcastle signs first buy-to-let customer to NMSL subsidiary

The Newcastle has signed up its first buy-to-let customer to a new subsidiary set up to provide mortgage processing services for other financial providers. Newcastle Mortgage Services Limited was launched in response to a growing demand for the society&#39s processing capacity. It has just confirmed an agreement with buy-to-let specialist Portfolios of Distinction. Newcastle says […]

Optoma Broker Solutions appoints Platform to mortgage club panel

Optoma Broker Solutions has appointed Platform Homeloans to its mortgage club panel. Optoma has been packaging for Platform for the last 18 months and will continue with this arrangement. It says since 2003, business has increased 230% with Platform. Andrew Seymour, chairman and chief executive at Optoma, says: “We are thrilled that we can now […]

How we’re challenging challenger banks

The bridging market has enjoyed an excellent couple of years and, as a result, has seen a succession of new lenders enter the market. That competition has forced all of us to look carefully at how we price bridging loans. Over the past few months we have spent a lot of time on adjusting the […]


News and expert analysis straight to your inbox

Sign up