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mortgages

Mortgages

Consumers turn their backs on fixed-rate mortgages - CML

British homeowners are shunning away from long-term fixed-rate mortgages despite the fact many lenders have been campaigning for the deals ahead of a possible rise in interest rates.

clock 19 February 2004 •

Technology

Mortgage T&C site now fully online

Mortgageassess, the online services established jointly by the LIA, SOFA and CII is now fully up and running.

clock 16 February 2004 •

Mortgages

Buy-to-let equates to 5% of market, says CML

Take-up of buy-to-let mortgages rose by almost half in 2003, however, the buy-to-let sector still makes up only 5% of the total mortgage market, according to figures presented by the Council of Mortgage Lenders.

clock 11 February 2004 •

Mortgages

No sign of widespread self-cert abuse, says FSA

Mortgage lenders have been told in a letter from the FSA there is little evidence of abuse of self-certification mortgage applicants as firms have good controls to prevent against fraud.

clock 10 February 2004 •

Your profession

New "age" definition cuts CI premiums at ScotEq Protect

A change to the wording of Scottish Equitable Protect underwriting should cut premiums on key types of mortgage-related critical illness policy by up to 30%.

clock 04 February 2004 •

Mortgages

Abbey cuts mortgage rates on two and five-year deals

Abbey for Intermediaries has cut the interest rate two and five-year fixed-rate mortgage range by upto 0.25% in a bid to make the deals more attractive to customers.

clock 03 February 2004 •

Mortgages

Rates cycle will peak in late '05, B&W predicts

Bristol & West (B&W) economist Laurence Sanders predicts the Bank of England's base rate will peak at 5.5% by December 2005, before falling back to a rate of 4.5% one year later.

clock 02 February 2004 •
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