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Barclays – Woolwich Great Escape Two-Year Fixed

Barclays – Woolwich Great Escape Two-Year Fixed

Type: Fixed-rate remortgage

Fixed term: Until February 28, 2013

Fixed rate: 3.28%

Minimum loan: £50,000

Maximum loan: Up to 70% of valuation subject to a maximum of £1m

Income multiples: Based on affordability

Arrangement fee: None

Redemption fee: 3% of the amount repaid in the first two years

Introducer’s fee: Refer to lender

 Tel: 0845 070 1567


Brokers welcome housing minister’s public criticism of MMR

Mortgage brokers have applauded housing minister Grant Shapps’ public criticism of the mortgage market review. Speaking at the National House-building Council’s annual lunch yesterday, Shapps (pictured) said the MMR is a “step too far”. He said: “I think it was at the moment that I realised I wouldn’t have a mortgage if the MMR changes […]


FSA charges five individuals with insider dealing

Five individuals have been charged by the FSA with 17 counts of insider dealing relating to trading ahead of takeover announcements. Brokerage Blue Index co-owner and director James Paul Sanders and his wife Miranda have been jointly charged with seven offences of insider dealing relating to trading ahead of seven separate takeover announcements. James Paul […]

Simon Embley

Pink buy is impetus for push to the top

LSL group chief executive Simon Embley believes the acquisition of Pink Home Loans brings the group close to achieving its target of becoming the pre-eminent distributor in the mortgage market. The company bought Pink from Skipton Building Society last month for £1.59m. Money Marketing revealed the two firms were close to a deal in August, […]


Broker barriers are removed

Mortgage advisers will have to make it explicitly clear if they do not advise on direct-only deals but will not be forced to offer a fee option or advise on direct deals to retain independence. The FSA this week published a mortgage market review consultation paper setting out a number of changes to the mortgage […]


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