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Newcastle Intermediaries launches three-year fix through Openwork


Newcastle Intermediaries has introduced a three-year fixed mortgage product exclusive to Openwork.

The loan is 2.05 per cent to 80 per cent LTV and has no arrangement fee.

Free valuation and free legals are available for remortgages, or £250 cashback for purchases.

Newcastle Intermediaries head of mortgage distribution Steve Carruthers says: “We’re potentially looking to offer more bespoke products for brokers and will be measuring the impact and effectiveness of this initial offer with a view to doing more in the future to help address their customers’ individual needs.

“Feedback from brokers indicates that there appears to be a growing demand for three year deals, particularly as we look ahead into uncertain times in the wider economy.”



Kensington launches affordability calculator for brokers

Kensington has launched a new affordability calculator to speed up and improve the application process for brokers. A Kensington statement says the new calculator makes better use of data and gives brokers an accurate figure during the online application process. Brokers now no longer need to support applications with an expenditure form. In addition, Kensington’s standalone […]

Hinckley & Rugby launches new buy-to-let loans

Hinckley & Rugby Building Society has launched two new buy-to-let mortgages. The first is an offset loan at 2.98 per cent up to 75 LTV. It has an application fee of £250 and the completion fee is £1,250 and there is a free valuation on properties up to £1m. The second new mortgage is a 2.55 […]


Saffron For Intermediaries launches new fixed deals

Saffron For Intermediaries has launched three fixed rate deals for homeowners and first time buyers. The lender has brought in a three-year fix for homeowners and remortgagors at 2.07 per cent up to 80 per cent LTV. The loan has a £995 arrangement fee and applies to loans between £30,000 and £1m. Early repayment charges […]

Japan Economic Insight

James Dowey, Chief Economist, and Paul Caruana-Galizia, Economist

The conventional wisdom is that following a roughly 50 per cent rise in the stock market in 2013 in Yen terms, the Japan trade is over and done*. So the story goes, those big gains were due to a one-off boost from quantitative easing (QE) and a depreciation of the Yen — policies that one should think of as a palliative to Japan’s economic weakness, but not a cure. Rather the cure, and by implication the necessary condition for a longer-term investment case, is deep structural reforms — a painstaking re-weaving of Japan’s economic and social fabric, no less. The story continues: this is a much tougher test than launching a blast of QE, and one that prime minister Shinzo Abe, although well intentioned and well supported by the public thus far, is likely to fail. Stick a fork in Japan, it’s done…continue reading


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