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Tesco Bank to lend through brokers to 95% LTV


Tesco Bank will soon lend to brokers at 95 per cent LTV.

The 95 per cent LTV products include a two-year fixed loan at an initial 3.74 per cent with no fee and a five-year fixed at 4.29 per cent, also with no fee.

A Tesco statement says the new range will launch at 8am on 14 July.

The statement says: “We’re removing booking fees across the product range making our mortgages amongst the most competitive in the market for first-time buyers.”

Booking fees will also be removed on all Tesco products and some will be fee-free.

The lender has also lowered rates on several five-year fixed products.



Shadow MPC: Which way for interest rates?

A rate cut would encourage borrowing but, if sterling suffers further, the MPC may intervene to prop it up What a difference a year makes. Last summer I wrote for this column, where I said conditions were improving and a rate rise could occur in 12 months. That view would not be taken so seriously […]


N&P launches three-year fixed rates

Norwich & Peterborough Building Society (N&P) has launched a range of new three-year fixed rate mortgages at 65 per cent, 75 per cent and 85 per cent loan-to-value (LTV). Borrowers with a 35 per cent deposit can access a three-year fixed rate mortgage at 1.73 per cent. For those borrowing more, N&P has launched a […]

Barclays cuts low LTV fixed rates

Barclays is cutting rates across its low LTV fixed rate range tomorrow. The changes apply to the lender’s two-, three-, five- and ten-year fixes. The lender is also making its Rate Switch range cheaper. Barclays director of mortgages Craig Calder says: “These changes to our fixed range of mortgage products demonstrates that Barclays, as a […]


Neptune video: UK economy: a sustainable recovery?

After years of a slowly brewing economic recovery, the UK has seen a strong rise in growth in recent months. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses the strength of this recovery and whether it is sustainable.

In the video, Martin addresses the following:

• Structural features supporting the UK economy
• UK mid-caps and the potential for M&A activity
• Valuations and opportunities in house builders

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Health Shield announces strong results

Health Shield, a corporate health cash plan provider, has announced that it has increased gross annual premium income to more than £25m in another year of strong organic growth.


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