UK mortgage products increase by over 1,000

Latest figures from TrigoldCrystal's mortgage product index show that:

"In the 12 months from May 2009, the level of mortgage products in the UK increased by over 1,000 from 3,606 to 4,989 and over 2,000 more from the lowest point of the market in Aug 2009..."

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Abbey to reduce fixed rate mortgage product

Abbey for Intermediaries announced they have:

"Reduced the rate on their 85% LTV, 3 year Fixed rate Homebuyer product by 0.10% to 5.69% with a £995 fee..."

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FSA fines Tenon £700,000

The Financial Services Authority has today fined Tenon £700,000 for advice failings:

"The Financial Services Authority has today fined RSM Tenon Financial Services Limited £700,000 for significant failings in its advice and sales processes relating to Lehman-backed structured products..."

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Nationwide announces new rates on Fixed Rate Bonds

Nationwide launched new rates on several of their fixed rate bonds on Friday, 12th February:

"Nationwide Building Society announced details of new rates for a number of its Fixed Rate Bonds, e-Bonds and the Combination Savings Bond, which all offer guaranteed interest rates for savers..."

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Abbey reduce rates on fixed rate products

Abbey have reduced rates on a few of their mortgage products today people!

"Abbey are reducing the rate by up to 0.25% on their 70% LTV 5 Year Fixed rate products to 4.99% on their Homebuyer product and 5.15% on their Remortgage product..."

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