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Nationwide increases fixed rate deals

Nationwide Building Society is increasing some of its fixed rates for house purchase from tomorrow.

Its two-year fixes are being increased by 0.2% while its three-years are rising by 0.3%.

A spokeswoman says that rising swap rates and increases from most of its competitors have led to the decision.

Last week saw Skipton Building Society, Abbey for Intermediaries and Accord Mortgages increase or withdraw their rates but Halifax Intermediaries dropped its fixes by up to 0.7%



Large mortgage loans & bankers’ bonuses

This week we shall undoubtedly see the thorny subject of bankers bonuses raising its head again, especially as Barclays is due to be the first bank to reveal its bonus figures on Tuesday.

FCA could impose loan-to-income limits

The Treasury has today released a consultation paper on the role of the Financial Conduct Authority, one of the bodies that will be replace the Financial Services Authority when it is disbanded in 2012.


Gross mortgage lending drops 13% in January

Gross mortgage lending declined to an estimated £9.2bn in January, a 13% fall from £10.6bn in December but a 5% rise from £8.8bn in January 2010, according to the latest data from the Council of Mortgage Lenders.

Life cover for life

When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that waybecause before the arrival of RDR in 2013, that’s more or less exactly what they were. For advisers thinking […]


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  • Ancient a mortgage broker in N3 23rd February 2011 at 3:57 pm

    ..Chris Rhodes – with Fixed rate like these, the clients can only afford to stay on low trackers and SVRs.

    Brokers do a great job for many people wanting mortgage advice – a far better job than your direct sales staff who are targeted on sales and churning.

    I hope you make a formal written apology addressed to the intermediary community with your comments yesterday – the community who have sent you clients and business for many years, the same community whose earnings have dropped over 70% for many and continue to stick it out to make clients happy with good advice – like us.