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Nationwide announces changes to valuation fee structure

Nationwide has announced it will be changing its valuation fee structure from June 10.

Nationwide says following this change, the mortgage valuation fees for home buyers will remain competitive. There will be no change for remortgage borrowers and existing customers applying for additional borrowing, who do not have to pay a valuation fee.

The fees will be £175 for properties worth £50,000 or less; £210 for properties between £50,001 and £100,000; £245 for properties between £100,001 and £150,000; £280 for properties between £150,001 and £200,000 and £320 for properties between £200,001 and £250,000.

For properties between £500,001 and £1m, the fees are between £520 and £595.


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 […]

Eight in 10 landlords report stable and increasing demand for rental properties, survey shows

More than eight in 10 of landlords report demand for rental properties from tenants is either stable or increasing, Paragon Mortgages&#39 second quarter survey of UK landlords reveals. Only 14% of landlords identified any deterioration in demand. Well over half describe tenant demand as stable, while over a quarter are experiencing growth in tenant demand. […]

Enable completes first induction course for ARs

Enable Mortgage & Insurance Network, part of the Skipton group, has completed its first induction course for appointed representatives. The first enable members completed their two-day course in Chichester, West Sussex on June 8. The network says it has courses scheduled right up until regulation day for mortgages. The two-day course covered FSA compliance, product […]

Genesis adds five high LTV products to Minerals product range

Genesis Home Loan has added a five high loan-to-value products to its Minerals range of non-conforming products. Genesis says the products – three at 90% LTV and two at 95% LTV – remain consistent with the rest of the range in that they offer clients a competitive rate basedon them having either CCJs or arrears. […]


Neptune video: Abenomics: the impetus for Japan’s fast-track recovery?

The remarkable performance of the TOPIX over the past year has caused many sceptical equity investors to look again at the Japanese market. These returns have come despite very significant problems facing the Japanese economy. Chris Taylor, manager of the Neptune Japan Opportunities Fund, discusses these problems and whether Abenomics will be able to overcome them, enabling the market to continue to rise.

In the video, Taylor addresses the following:

• The size and speed of Japan’s unprecedented monetary policy
• Abenomics and the implications should it fail
• Corporate Japan and beneficiaries of government policy


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