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Barclays and Woolwich offer two fixed loans

Barclays and The Woolwich are offering two new fixedrate mortgages.

The first is a three-year fixed-rate mortgage for first-time buyers set at 5.69 per cent. The deal includes cashback of £250, an application fee of £100, no mortgage indemnity premiums up to 95 per cent and 95 per cent loan to value. The second is a two-year fixed-rate mortgage set at 5.29 per cent. The extras are the same as for the three-year loan.

The Woolwich says its monthly index figures show a decrease to 65 per cent of homeowners who believe their property will continue to increase in value. This is the first time that confidence has declined since last December.

Barclays and Woolwich head of mortgages Andy Gray says: “These products will be ideal for borrowers looking for peace of mind through rate certainty.”


Holland takes over as commissioner to watch the FSA

Sir Anthony Holland has been appointed as independent complaints commissioner for the FSA, taking over from Rosemary Radcliffe who has held the job since the scheme began in September 2001. Holland has been chairman of the Northern Ireland Parades Commission and was principal ombudsman for the Personal Investment Authority. The complaints commissioner is responsible for […]

£6.5m target for property partnership deal

Property developer Fiducia Group and stockbroker Goy Harris Cartwright are offering a fund which will invest in commercial or mixed-use property projects. The firms want to raise £6.5m via high-net-worth investors in “partnership units” of £250,000 or more for the Fiducia pool 2004 fund, which has a seven-year lifespan. Each unit ent-itles investors to become […]

MGM receives MTA

MGM Home Finance has announced that it has received its minded to approve letter from the FSA.

Product Matters

I have a warm feeling about Yorkshire Building Society, being an ex-borrower who enjoyed excellent service but sometimes its products are interesting rather than compelling. What we have here is a product set which will stand out well but perhaps only due to the lack of direct competition as there are few stepped products around. […]


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