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Birmingham Midshires launches new mortgage range

Birmingham Midshires Mortgage Services has relaunched its range of mortgages aimed at intermediaries.

The range includes a two-year mortgage fixed at 5.09 per cent until July 2002 at 95 per cent loan to value. There is also a five-year mortgage fixed until July 2004 at 5.89 per cent to 95 per cent LTV.

The former rate carries a redemption fee of six month interest until July 2002, while the latter carries the same penalty without any further tie in beyond the fixed term.

There is also a mortgage capped at 5.19 per cent until July 2002 up to 95 per cent LTV.

Procuration fees are negotiable with the lender.


Building Society gross advances fall for the first time in 1999

Building Society gross advances in April fell for the first time this year according to the latest figures from the Building Societies Association.Gross advances were down £192m to £2,104 from £2,296 for the month compared to March.Net advances also fell to £1,005m from £1,019m in March and approvals were down to £2,755m in April from […]

BSA appoints new chairman

The Building Societies Association has appointed David Smith, chief executive of Dunfermline Building Society as its new Chairman.Smith replaces Britannia&#39s executive vice chairman John Heaps.Yorkshire Building Society chief executive David Anderson will become deputy chairman of the association.


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