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the mortgage mole



Mole is pleased to support the Council of Mortgage Lenders’ campaign to help the stricken people of Haiti.

Following the devastating earthquake last month the CML’s chosen charity, Habitat for Humanity, is running an appeal for donations to support its work in the aftermath. The CML has been supporting Habitat for Humanity for a number of years and at its annual dinner last December raised more than £8,450 for the charity.

To help, go to or

Typos are an unfortunate fact of life in publishing but Mole was tickled particularly pink by a sensitive example on one website recently.

Cambridge Building Society’s site features a mortgage section in which it displays its rates. On the left are two deals in its variable range. But
unfortunately, while it was aiming for ’Variable rate mortgages with two-year discount’, what it ended up with was ’Variable rate mortgages with two-year disocunt’. Charming.

You may have noticed that Mole has a new motto at the top of this page. The old one – Moderation is something of which we know nothing, excess is the only way to travel – was getting a little long in the tooth.

So we have a new motto for a new era courtesy of Beth Murray, Latin expert at PR agency Wriglesworth. The first reader to figure out what it means gets a box of chocolates. Send your entries to


January cheer as nearly 1,000 deals enter the market

Almost 1,000 mortgage products were launched in January, accor-ding to Mortgage Brain, which says this represents the biggest monthly increase in product numbers for a year. The number of live products listed on Mortgage Brain rose by 26% in the month, going from 3,534 on January 4 to 4,457 on February 1. This is the […]


RBS and Lloyds fall short on lending pledges

State-backed banks the Royal Bank of Scotland and Lloyds Banking Group are failing to meet legally binding commitments to lend to businesses that were agreed as part of government support for the two banks.

India rate cut – more to come?

Kunal Desai, Head of Indian Equities at Neptune Investment Management India’s stockmarket rallied this week following news that the central bank was cutting interest rates more aggressively than expected. Commenting on the rate cuts and what this means for India’s economic growth, Kunal Desai notes that there were two important details in the announcement that have […]


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