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L&G cuts rates on &#39flagship&#39 mortgages

Legal & General is trying to remain competitive in the face of base rate cuts by reducing the variable rates charged on its flagship flexible mortgages.

It is reducing the rate on its Flexible Reserve from 8.2 per cent to 7.95 per cent and its Flexi Let Variable from 8.95 per cent to 8.7 per cent.

Managing director Simon Pistell says: &#34Flexible mortgages appeal to a growing number of people keen to manage their finances including the self-employed, job-changers and contract workers. Our rate guarantee means we will continue to offer excellent value mortgages.&#34


Goldman Sachs downgrades year-end market prediction

Goldman Sachs says it remains cautiously optimistic despite limiting its 12-month forecast for European equities to a rise of between 5 per cent and 10 per cent.The US investment bank says it has lowered its forecast, because despite interest rate cuts in the UK and US, the market is not discounting the risks to earnings […]

IFAs now split on mortgage market prospects

IFAs are now split over the short-term prospects for the mortgage market following months of upbeat assessments.Bank of Ireland Mortgages surveyed over 100 brokers and found that 43 per cent believe that the market will contract over the next three months. This compares with 20 per cent in June and just 3 per cent in […]


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