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Latest News - View All |
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| Date Added | Rate Information |
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| 18-11-2008 10:29 AM | Just Mortgage Packaging offer Exclusives
Just Mortgage Packaging are delighted to announce that we have access to “Exclusive” schemes from Birmingham Midshires.
Firstly we are still able to offer 75% loan to value products - secondly the rates start as low as 5.69%.
Please see the products on offer below –
Buy to Let 5.69% fixed until 01/02/2011
House to House 5.94% fixed until 01/02/2011
Self Cert 5.99% fixed until 01/02/2011
Sub Prime 8.04% fixed until 01/02/2011
These are great rates and demonstrate that lenders are still lending and here at Just Mortgage Packaging we are still packaging, our turnaround times are second to none and our commitment to you and your clients is 100%
| | 14-11-2008 10:44 AM | Exclusives from Bank of Ireland
We are launching new and improved rates for Standard, 1st Start and Self Cert at 9am tomorrow, Friday 14th November. Please see below for details. Our existing Buy-to-Let products (UA5 & TX3) will remain.
This policy states that if there is an application already in progress with us, we cannot switch it onto one of these rates.
Standard – for purchase and remortgage
Rate Type LTV Arrangement fee Product Code
5.29 3 year fixed to 31/12/11 80% £999 UC9
5.29 5 year fixed to 31/12/13 80% £999 UD1
Standard EasySwitch – remortgage only
Rate Type LTV Free Valuation* Free Legal fees** Arrangement fee Product Code
5.49 3 year fixed to 31/12/11 85% Yes Yes £999 UD2
5.39 5 year fixed to 31/12/13 80% Yes Yes £999 UD3
5.99 5 year fixed to 31/12/13 90% Yes Yes £999 UD4
Self Cert
Rate Type LTV Arrangement fee Product Code
6.49 3 year fixed to 31/12/11 75% 1.5% UD7
1st Start
Rate Type LTV Free Valuation* Free Legal fees** Arrangement fee Product Code
6.35 3 year fixed to 31/12/11 95% Yes No £799 UD9
6.55 3 year fixed to 31/12/11 95% No No £0 UD8
| | 14-11-2008 08:55 AM | Exclusive from Stroud and Swindon
Stroud & Swindon Paradigm Exclusive
We are pleased to announce that we have secured the final Exclusive from Stroud & Swindon BS.
The product runs through until close of play on Friday 21st November.
This flexible product offers:
o 2yr fully flexible discount
o Initial Pay rate 6.75%
o Interest only
o Product Fee £499
o Full flexibility, No ERC at any time,
o Unlimited overpayments and drawdown against overpayments at pay rate
o Max LTV 75%
o Min pay rate (floor 4%)
o Proc fee .30% net; 0.35% gross.
This is available to Paradigm Mortgage Services only. For further details please call 01453 768220.
Use this number to obtain a KFI and remember to request PARADIGM EXCLUSIVE.
| | 05-11-2008 10:04 AM | Manor Mortgages gets BM Exclusives
As a symbol of support to Manor Mortgages, and the packager sector as a whole, BM Solutions have today launched their much awaited new range of exclusives. These products are just the beginning. Over the next few weeks and months, BM Solutions will be launching new initiatives through our Company and we will be updating you further on these as they become available.
Products available from today include:
1.Buy To Let – 6.29% fixed to 01-02-11 at 75% LTV
Rent calculated at 125% at 6.29%, arrangement fee 3% added – rate undercuts core range by 0.3%!!
2.House 2 House – 6.75% fixed to 01-02-11 at 75% LTV
Available for up to 3 properties, arrangement fee 3% added – rate undercuts core range by 0.25%!!
3.Self Cert – 6.79% fixed to 01-02-11 at 75% LTV
Only fixed rate available on core range is 60% and is fixed for 5 years
4.Sub-prime – 8.04% fixed to 01-02-11 at 75% LTV
Undercuts cheapest core range product by 0.25%
These products are live with effect from this morning. Both the reduced rates, and the shorter ERC’s, give us a significant advantage over the core range, and the lower buy to let rent calculator at 75% presents huge opportunities.
For more information on this new range, or any of our other exclusives, please call our Placement Team on 01275 399339, or apply on-line at www.manormortgages.com
| | 28-10-2008 08:58 AM | Praxis.
Reasons brokers choose Praxis Secured Lending are:
Simple referral service, you don\'t have to be an expert in Loans
Retain complete control of your client
We can contact your client on your behalf – Secured Loans only
Loan products from a large panel of lenders available
Market-leading rates of conversion, completion and commission
What Products do we offer?
Secured Loans
Unsecured Loans
Car Finance
Key points of Criteria
Loans from £500 -£100,000
Rates from 7.5%
Self-cert avalible*
Interest only*
Buy to let properties accepted*
No equity options available
* Secured loans only
To find out more contact our dedicated team on 0845 330 9488. | | 28-10-2008 08:56 AM | New Home deals cancelling
A UK house builder has revealed that the number of people placing a deposit on a new home but subsequently cancelling the deal had risen to 35% in recent weeks. In its third quarter report, Persimmon blamed the restricted availability of mortgages and uncertainty in the housing market for the rise in cancellation rates. The company also predicted that the selling price of its new homes will fall 10% in the second half of the year. The report itself was not due to have been published until 18 November, but had its release date brought forward in view of the recent turmoil. \"The uncertainty created in the housing market by the increasingly turbulent and uncertain outlook in financial markets has had a negative impact on all our regions across the UK,\" Persimmon said in the report. | | 22-10-2008 04:54 PM | Praxis New Deals
First National - Exclusives and Free Valuation
Through membership of the GEight group of packagers, Praxis has access to great First National deals:
Free Valuations*
Exlusive 3 year Fixed Rates - Ultralight to Medium
Full Status exclusives from 9.14%
Self-Cert exclusives from 9.64%
Adverse available up to 80%
* £99 application fee still applies
To get the best rate for your client call 0800 083 3603
To source products yourself visit www.praxismortgages.com
| | 20-10-2008 10:43 AM | UCB to close
Nationwide to close UCB Home Loans
Nationwide has confirmed it is to close its UCB Home Loans brand from the end of the month.
Nine sales staff are affected by the decision.
Matthew Wyles, group executive director of non-retail at Nationwide, said that as market conditions had continued to deteriorate, it made sound business sense to persist with just one specialist lending brand, The Mortgage Works.
He added: “We selected TMW to go forward as it has a stronger technology platform – it already does online applications for example, so it is ahead of UCB in that regard. We think it has the strongest proposition going forward.\"
| | 14-10-2008 11:08 AM | Good News
A Wall Street-led surge in global markets following the co-ordinated rescue plans to reboot the financial system has given a fresh boost to UK share prices.
By 8.30am the FTSE 100 index was up 140 points at 4,397 and the Mid-250 index 170 points higher at 7,201.
In Europe the German DAX was almost 3% higher.
The Dow recorded its largest one-day point gain ever with a jump of 936 points, over 11%, while the broader S&P 500 jumped 104 points, or 11.58%, as US regulators released further details regarding the $700 million bail-out plan which included the purchase of distressed mortgage asserts and the purchase of stock in a number of banks.
| | 10-10-2008 08:38 AM | Packager Panel
Praxis Proc Fee Guarantee
During uncertain times, you need a mortgage packager that can offer you stability.
Praxis Mortgage Solutions is part of the Melton Mowbray Building Society Group. The Melton understand the importance of giving you certainty during what we recognise is a difficult financial climate. That’s why they guarantee the proc fee on all cases completing with Praxis.
Any broker submitting a case to Praxis will receive a letter from the Society guaranteeing payment of completed cases.
| | 09-10-2008 12:44 PM | Incapacity Benefit Change
Dear Adviser
You may have heard that from October 2008 there will be an important change to the state benefits system. Long Term State Incapacity Benefit will be replaced by the new Employment & Support Allowance (ESA).
The new ESA will differ from its predecessor in several ways, including:
More rigorous assessment of potential claimants
The structure and amount of benefit payments
A new requirement for most claimants to participate in return to work programmes.
What will the changes mean for you and your clients?
Obviously, these changes will have an impact on the discussions that you have with clients when exploring their protection needs. Plus, the Government’s own publicity surrounding the launch of the new benefit should also help raise awareness of the protection need and how receptive they will be to what you have to say.
ESA is expected to be more rigorously assessed for eligibility than its predecessor. Consequently, fewer people are expected to qualify, making the need for IP arguably more important than ever. But this is just one of the reasons why it’s important for you to understand the changes.
Need to know more about ESA?
To help you get to grips with ESA UNUM have put together “Your Guide to Welfare Reform” Please email stevem@pnglimited.com if you wish for a copy of the guide
| | 02-10-2008 03:54 PM | PNG Rate Change: Bristol & West
Please be advised that AIPs must be with the packager by 4.30pm tonight to reserve funds with Bristol and West as there is a rate change tomorrow |
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