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Mortgage Express launches BTL products

Mortgage Express is launching a range of buy to let products including a market-leading three year discount mortgage.

The new products are:

Three year discount with a pay rate of 5.49 per cent, a three year discount with a pay rate of 5.69 per cent and a one year discount with a pay rate of 3.49 per cent.

For both of the three year discount rate deals, the 130 per cent rental cover is calculated by applying the advertised pay rate. For the one year discount rate deal, the 130 per cent rental cover is calculated by applying the BTL variable rate which is currently 6.5 per cent.

Mortgage Express head of business development Tim Sturley says: “Brokers and their customers will no doubt be pleased with these new deals which will help them to take advantage of the many investment opportunities that continue within the BTL market.”



Royal Liver sales manager leaves

Royal Liver sales manager Chris Large has been sacked after making derogatory comments to the sales team about the mutual’s policyholders. Large, who worked in the Liverpool salesforce, said the 1.4million policyholders were too lazy to access life insurance via the internet.

FSA will review depolarised market within two years

The FSA has committed to a review of the market in the short term future, possibly within two years.It says that if the desired effects of depolarisation have not materialised, it will consider whether further changes are required.It will be looking to see if firms are offering a wider choice of competitively priced products, if […]


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