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BBC NEWS BBC News - Business - Tue, 07 Feb 2012 23:56:08 GMT
BBC News - Business - Wed, 08 Feb 2012 04:22:12 GMT
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CML: Mortgage arrears and possessions conference at the The Midland Hotel, Peter Street, Manchester, M60 2DS
Preferred overhauls range
Preferred has increased its rates by an average of 0.75 per cent and capped its maximum loan to value (LTV) amounts.
Coming into effect on Wednesday 3 October, near prime and extra near prime products will be capped at 85 per cent, with an upper ceiling of 90 per cent put in place to include total fees added to the loan.
LTVs for extra light products have also been capped at 80 per cent, while select light, select mid and select unlimited products are now capped at 75 per cent – the latter being available for status and purchase only.
Offers will be valid for up to two months from Monday 1 October – with a re-review under the new product range if not completed within this time period.
Pipeline cases on the old product ranges will need to be fully progressed by close of business on Friday 5 October and offered no later than Friday 19 October.
- Intermediaries boost income
- AIFA to focus on key issues
- Cautious landlords gear down
- Infinity welcomed back to market
- Platform reduces rates
- TMO appoints sales director
- RAMP strengthens team
- Homeowners keen to go green
- Complete adds ninth underwriter
- Brokers admit to favouritism
- FSA launches PPI crackdown
- DB updates criteria
- AMI not impressed with BBC's claims
- CML 'encouraged' by BoE credit survey
- Heritable Bank add to team
- Hunt debuts at Lehman
- Mortgages go local
- Tweaking budgets best for MPPI
- Fixed rates gather pace once more
- Banks shun BoE facility
- Advantage announces ADV exclusive
- Landlords exploit softer market
- Number 10 addresses consumer protection issues
- FSA instructs with-profits TCF
- Enterprise Group expands
- House prices steady themselves
- Expo is non-conforming springboard
- Advisers fall at first hurdle
- Halifax extend GI to Positive
- ‘Northern wreck’ rocks confidence
- BBA spots cracks in lending figures
- Loanoptions marks record year
- Charcol highlights value trackers
- House prices ‘largely untouched’ by turmoil