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Sesame launches buy-to-let exclusive via Ipswich BS

Sesame has launched an exclusive 3.99 per cent buy-to-let two-year fixed rate via Ipswich Building Society.

The product is available up to 75 per cent loan-to-value. Early repayment charges apply until 31 December, although overpayments of 50 per cent cent of the original loan amount are allowed within this period.

Sesame senior product and communications manager Robert McCoy says: “Two-year fixed rate buy-to-let products have been popular recently, and I am sure that this competitive offering will be welcomed by Sesame members.”

Ipswich Building Society general manager of sales and marketing Jo Leah says: “We look forward to extending our relationship with Sesame by offering this product outside of our usual area – giving more intermediaries access to this exclusive product.”


BM Solutions scraps niche lending product

BM Solutions last week revealed it was closing its House 2 House product range to new business and launching two-year fixed rate products. The firm reports that the niche product, used for lending on second homes, accounted for just 0.2 per cent of all Lloyds Banking Group lending and will be closed due to lack […]

MS Leader: Kick claims firms harder

It’s been a long time coming but finally last week the Ministry of Justice took steps to give the claims firm industry a much needed kick up the backside.

FSA Letters 480

FSA launches crackdown on sales incentive schemes

The FSA is ordering financial services firms to overhaul their sales incentive schemes and pay appropriate redress following a year-long investigation into how such incentives drive misselling. The regulator has this week published a report into the way misselling is motivated by high-volume, target-driven bonuses and pay structures. Between September 2010 and September 2011, the […]


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