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Fixed rate prices starting to tumble, says Moneyfacts

Moneyfacts says fixed rate prices are starting to fall following the dramatic rises that followed January’s base rate rise.

Moneyfacts mortgage analyst Denise Blake says: “Following the shock base rate rise in January, fixed rate mortgages flew off the shelves as consumers rushed to get their hands on existing fixed rate deals before they were pulled. But with base rate remaining unchanged now for the last two months, some level of stability has returned.

“With swap rates starting to fall back, Moneyfacts has seen eight lenders reduce their fixed rate mortgages over the last 10 days, some by as much as 0.40 per cent.”


Happy talk

Many years ago, I worked for a national IFA and found that apart from the customer-facing team of five, the other 20 in my team had no idea what we did. Sure, they filled in forms and sent out letters about pension options but their awareness of us and what we did was zero.

PruHealth wins PMI accolade

PruHealth was named private medical insurer of the year for service to intermediaries by the Association of Medical Insurance Intermediaries at its AGM last week.The firm was commended for the improvements in its admin and for maintaining service levels while increasing business volumes.Permanent Health Comp-any won two awards for best individual and best group PMI […]

Intelliflo integrates with Unipass

IntelliFlo has launched Unipass integration for all its users already holding a Unipass certificate.The move should allow IO to offer industry standard authentication by allowing users to log on using their Unipass.Certain identification details will also be stored in IO so advisers do not need to select their certificate when obtaining electronic valuations and advisers […]

Societies hit back over rate accusations

Building societies have defended themselves against criticism that they increase rates for borrowers faster than for savers after base rate rises.The Building Societies Association says 20 days after November’s rate rise from 4.75 to 5 per cent, 40 per cent of finan-cial institutions had raised their savings rate but only 21 per cent had raised […]

Creating opportunity out of change

By Denise Wond, marketing manager The buy-to-let market has recently been the subject of a raft of tax changes, all of which make it a less profitable and less appealing proposition for investors. In response, we’ve seen a dip in demand for BTL mortgages and that’s bad news for many advisers who will now be looking […]


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