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GMAC launch third through lending product

GMAC-RFC and Market Harborough Building Society have today announced their third through lending product. The product is marketed by GMAC-RFC and Market Harborough Building Society acquires the mortgage assets the day after completion. The new product is called The Stepped Lifetime Discount Mortgage and is to be marketed through intermediaries on a semi-exclusive basis. The product&#39s rate is 2.99 per cent for the first year. A discount of 1.50 per cent is offered in the second year, and a 1 per cent discount thereafter for the lifetime of the mortgage. A cashback of £350 is offered to customers, and there is no application fee on remortgages up to £300,000.

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Leeds & Holbeck – Buy to Let Fixed

Type: Fixed rate buy-to-let mortgage Fixed term: Until December 1, 2006 Fixed rate: 4.99% Minimum loan: £25,000 Maximum loan: Up to 75% of valuation subject to a maximum of £500,000 Income multiples: Up to 3.25 times principal income plus second, 2.5 times joint, or rental income must be at least 130% per cent of monthly […]

New changes to insolvency

New insolvency rules came into effect this week which make it easier for companies to go into insolvency. The Enterprise Act&#39s insolvency section now lets company directors put their firms into administration without entering the court system. It also sets more rigid limitations on how much time companies are able to spend in administration. Additionally, […]

Big depolarisation gap on theory and practice

There is a vast gap between theory and practice when it comes to industry views on depolarisation, according to research from financial services marketing agency CCHM.An in-depth qualitative survey of 16 directors and managing directors of some of the industry&#39s top manufacturers and distributors reveals that the industry&#39s actions are not matching up with its […]

Europe: Domestic backdrop & China impact

By Rob Burnett, Head of European Equities In recent weeks equities have been buffeted by two shocks occurring at the same time: China’s devaluation of the renminbi and the prospect of the US Federal Reserve (Fed) raising interest rates. The market is not comfortable with the Fed raising rates at the same time that China […]

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