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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.”

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Strong dollar can be a powerful driver of UK dividend growth in 2015

By Robin Geffen, fund manager and CEO 

This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar. 

In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.

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