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SPML launches new fixed rate on its light averse range

Southern Pacific Mortgage Limited has announced the launch of new fixed rates on its current light adverse range, for full status applications only.

The fixed rates start from 6.54 per cent. Existing fixed rate periods on other product ranges have also been extended. Fixed rates from 5.50 per cent on the SPML prime range have been extended by six months to 1 June 2006; fixed rates from 5.75 per cent on the SPML prime buy to let range have been extended by six months to 1 September 2006. Fixed rate periods have also been extended for six months to 1 March 2006 on SPMLs non conforming range.

SPML sales and marketing director John Prust says: “Fixed rates are becoming increasingly popular, as borrowers are becoming more cautious, and seeking peace of mind over interest rate rises in the medium term. ”


Bad timing

In its Market Timing Guidelines, the Investment Management Association makes a case for all investors, whether they are fund managers or private investors, to receive the same level of information about a fund’s portfolio at the same time lag.

Statutory regime benefits sub-prime market says BM Solutions

BM Solutions director of mortgages Michael Bolton says the sub-prime market, for those with impaired credit records will particulary benefit from statutory mortgage regulation. He says years ago, the sub-prime market was particularly dominated by hiigh charging and unfair practices. Bolton says: “It is now up to all parts of the mortgage market to embrace […]

Bankhall Mortgages appoints head of mortgages

Bankhall Mortgages announces the appointment of its first head of mortgages Richard Howells. The Bankhall mortgages division includes Premier Mortgage Service and Norwich Unionj Mortgage Club, both acquired by Bankhall along with Point One and Intermediary Mortgage Direct. Howells will work closely wih John Malone and will report to group business development director Peter Mann. […]


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