View more on these topics

Northern Rock offers three-year exclusive via PMS

Northern Rock has launched an exclusive three-year fixed rate via PMS.

The product is 4.19% (APR 5.0%) fixed until 01/04/2012 and is available up to 65% LTV.

An arrangement fee of £995 is payable, but can be added to the loan.

For remortgage clients the product includes a free standard valuation and the lenders free legal transfer service.

The early repayment charge of 4% until 01/04/2012 is only applicable on full repayment, so the clients can make unlimited penalty free overpayments during the product period providing at least £1 remains on the account.

Martin Reynolds, development director, at PMS, says: “We are delighted that they have chosen PMS as their sole partner for an exclusive product and our three-year deal looks an attractive product and provides a stable option in the current uncertain market.”


Sir James Crosby quits his post at regulator

Sir James Crosby, the former CEO of HBOS who was accused of silencing critics who complained that the bank was growing too fast, last week resigned as deputy chairman of the Financial Services Authority as his appointment was brought into question.

RBS bows to government pressure over bonuses

Royal Bank of Scotland has bowed to government pressure and conceded that there will be no bonuses or pay increases for staff associated with the major losses suffered in 2008.

Owner occupiers flock to low prices

Low prices are fueling a surge in owner occupiers are returning to the housing market looking to pick up a bargain says the Royal Institution of Chartered Surveyors.


News and expert analysis straight to your inbox

Sign up