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A greater desire for longer-term fixes presents a threat to income that must be dealt with now, argue some brokers. At the end of March, Moneyfacts revealed that the average rate for a two-year fix across all LTVs came to 2.85%. For a three-year fix, the average rate was at 2.86% and, for a five-year fix, 3%. ....
Tomorrow (17 March) the Bank of England (BoE) is expected to raise rates again in a bid to curb inflation that continues to climb. This will be the second rate rise in two months since the central bank’s Monetary Policy Committee voted 5-4 in favour of raising the interest rate from 0.25% to 0.50%. With another hike ....
Property group Mortgage & Surveying Services says it has bought “a significant stake” in specialist mortgage network Connect IFA for an undisclosed sum. Connect says the investment will boost its “financial strength and give it the ability to make further developments to its proposition as it continues to ....
Pam Brown, the managing partner of Pam Brown Mortgages, recalls walking into a Santander event for the top UK mortgage brokers 20 years ago, where the organiser shook her husband’s hand and said: “Thank you for your business.” Since then the mortgage industry has made a lot of progress towards achieving diversity, ....