In brief

Ramesh Sharma

January 14, 2006

The FSA and BBC, in conjunction with credit rating agency Experian, have joined forces to help consumers keep control of their borrowing, with the launch of a ‘debt test’.

The test, available on the BBC website, judges consumers’ debts based on a number of questions including providing information and feedback on their debt levels. Tips on how to avoid, and help in managing, debts are also provided.

£99 valuations available from Mortgage Next

Mortgage Next Network and Mortgage Next Partners have launched their £99 valuation deal for all packaged cases submitted up to 31 March.

The scheme provides a reduced valuation cost of £99 on all property valued up to £450,000, with the existing free valuations offered by Mortgages plc and Kensington Mortgages remaining. Marketing director Justine Tomlinson said: “This scheme is good news as it enables brokers to reduce their clients’ cost of either remortgaging or buying property.”

BM revitalises BTL and self-cert range

BM Solutions has announced additions to its buy-to-let (BTL) and self-cert ranges.

The BTL products include a two-year tracker at 4.99 per cent with an LTV of 85 per cent and a 4.89 per cent offer, fixed until March 2009.

Its improved self-cert deals include a 5.19 per cent five-year tracker with £1,000 cashback, and a two-year 85 per cent LTV tracker at a rate of 4.99 per cent.

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