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Newcastle launches broker deals

Newcastle Intermediary Services, part of Newcastle Building Society, has launched a range of five-year fixed rate deals exclusively for brokers.

Four new deals will be available through Legal & General network, Openwork, Positive Solutions, Intrinsic Financial Services, Brilliant Solutions and Your Move.

The five-year fixed rate range includes a product at 4.59% at up to 60% LTV and a 4.99% deal at up to 80% LTV.

There is also a five-year fixed rate for offset mortgages at 4.99% available up to 80% LTV, and a fees-free deal at 5.85% at up to 80% LTV.

The offset deal also offers free legal fees and a free valuation on properties up to £500,000 for remortgage cases.


Brokers predict more business in Q2

Mortgage brokers expect to conduct 6.7% more business in Q2 2010 than they did in Q1 – a further sign of returning confidence in the sector, says Paragon Mortgages. According to Paragon Mortgages’ Financial Adviser Confidence Tracker, a panel-based survey of advisers, this is the fifth consecutive quarter that brokers have predicted higher business levels. […]

Average UK rents up by 0.6% in April

The average rent in the UK rose by 0.6% to £663 per month in April, 2.2% higher than a year ago, according to the latest Buy-to-Let Index from LSL Property Services, which owns the UK’s largest lettings agent network, including national chains Your Move and Reeds Rains.

Mike Fitzgerald

Boost for buy-to-let as TMW ups LTV to 80%

The Mortgage Works is giving the buy-to-let sector a boost by raising the LTV on its core product range from 70% to 80%. The specialist arm of Nationwide Building Society is now offering a one-year fixed deal from 4.69% with a 2.5% arrangement fee and a 5.69% deal with a 1.5% arrangement fee. Other options […]


Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.


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