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Derbyshire Building Society launches new fixed rates

Derbyshire Building Society is cutting the rates on its three and five year fixed rate deals from today.

It has three year deals available from 4.89 per cent on loans to value up to 80 per cent, with an APR of 5.8 per cent

It has five year fixed rates starting at 5.09 per cent on a LTV of 80 per cent and an APR of 5.8 per cent.


Lenders &#39staggered&#39 by FSA distribution claim

Lenders and brokers have rejected the FSA claim that less than half of all mortgages are arranged through intermediaries, saying it is a minimum of 50 per cent of all loans. In CP146, The FSA&#39s App-roach to Regulating Mortgage Sales, the regulator states that while requiring independent mortgage intermediaries to advise on the whole of […]

Keydata targets Toisa market

Keydata Investment Services has established the FTSE lock-in Tessa-only Isa (Toisa), which guarantees the return of investors’ original capital at the end of a five-year term, whatever happens to the index.Investors with the £3,000 minimum investment earn an early bird interest rate of 4 per cent, which is paid up until the start of the […]

The missing links

One thing this year has not been short of is consultation papers on reforming the industry. The last few weeks have been no exception. Following hot on the heels of the Sandler and Pickering reports, we now have the FSA&#39s CP146 on regulating mortgage sales. At the same time, PS129 also appeared, giving the results […]

&#39Cut the gap with 2% cap&#39

The ABI is endorsing Sandler&#39s recommendation of “stakeholder”-style products by proposing two new safe-haven products although it wants the 1 per cent price cap raised. A report by Oliver Wyman & Company for the ABI says the savings gap could be closed by £5bn through its product models. The ABI says Sandler is right in […]


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