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Marketplace offers stepped buy-to-let product

The Marketplace at Bradford & Bingley is rolling out a buy-to-let stepped discount mortgage offering an initial rate of 5.65 per cent.

Financed by Bristol & West, the interest rate of the loan increases by 0.1 per cent in the second year and by 0.15 per cent in the third, giving borrowers a rate of 5.90 per cent until October 2004.

After the discounted period, borrowers with a good payment record can switch to any B&W new business rate.

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Cheltenham & Gloucester&#39s move into the non-conforming mortgage market hassparked speculation that the lender may be gearing up for a shift tosub-prime lending. Coming hot on the heels of Halifax subsidiary Birmingham Midshires&#39impending push into the adverse-credit sector, it seems to be a question ofwhen rather than if the mainstream players introduce impaired-credit ranges. But […]

Berkeley Wodehouse appoints group finance director

IFA Network Berkeley Wodehouse Associations has appointed Paivi Grigg as its new group finance director.Grigg joins from Investment Funds Direct where she was on the board as head of finance, operations and compliance. Before that she was the financial director at Burns-Anderson Network.Grigg will be responsible for the finance function of the BWA network and […]

Buy to let booming, says Midshires

Becoming a private landlord is becoming increasingly popular andbuy-to-let borrowers want to buy more properties, according to researchfrom Birmingham Midshires. A survey of Midshires&#39 buy-to-let mortgage customers revealed 79 per centwould consider adding to their property portfolio. Of this 79 per cent, 64 per cent said they would ideally like between twoand 10 properties. Overall, […]

Three stocks due a Brexit boost

By Mark Martin & Holly Cassell, Neptune Mark Martin and Holly Cassell highlight three high-conviction holdings in the Neptune UK Mid Cap Fund that they believe are well positioned to benefit from Brexit. Read more Important information Investment risks Neptune funds may have a high historic volatility rating and past performance is not a guide […]

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