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Coventry unveils online range

Coventry has launched an online-only sub-prime product range via Premier Mortgage Service. Members of PMS can take advantage of a portfolio of three-year fixed rates in Coventry’s near prime, extra-light and light ranges.

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Mortgages PLC extends free valuations offer

Mortgages PLC has extended its free valuations scheme until the end of 2007.The free valuations scheme, which was first launched in the spring of 2005, applies to all products except buy-to-let. The scheme continues to be available on all discounted and fixed rate products, except buy-to-let, on cases submitted on a direct basis only for […]

My key word for 2007 is standards

It would be obvious of me to use this opportunity to look ahead to the next six months and map out the challenges the industry can expect to face. You may call me Mr Obvious.

Freedom completes £20m sale to Saffron

Freedom Lending has completed a £20m portfolio sale to Crocus Homeloans, a subsidiary of the Saffron.The portfolio comprises a mix of self-cert, buy-to-let and Freedom’s on-track credit repair mortgages. Richard Spinks, director of risk at Freedom, says: “We’re delighted to have completed this portfolio sale with Saffron. “We are also keen to identify additional potential […]

Rise will lead to more misery, says Lib Dems

The Liberal Democrat Party has hit out at the government in the face of the latest rate rise, arguing that 5.25% base rate will lead to more indebtness in the UKVince Cable MP, shadow chancellor for the Liberal Democrats, says: “The government has seemingly washed its hands of the whole problem of personal debt. “It […]

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