With two base rate increases already this summer and the expectation that we could be reaching the top of the interest rate cycle, Woolwich has launched a lifetime tracker with no application fees at just 0.17 per cent above base rate (current payment rate 5.92 per cent), its best ever rate for a fee free lifetime tracker.
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The Association of Home Information Pack Providers (AHIPP) has said that it’s ‘HIP Code’, which was first launched in 2006, has put paid to rumours of ‘loopholes’ in the current Home Information Pack (HIP) regulations.
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Northern Rock has updated its mortgage portfolio to flexibility to meet the broad range of borrower’s needs.
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The Conservatives have warned that Home Information Packs (HIPS) due to be launched on August 1, will provide a database for the revaluation of private homes, enabling local authorities to increase council tax bills.
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Nationwide Building Society has announced changes to its rates on some of its fixed rate and tracker mortgages.
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House prices increased at their slowest rate for 18 months during July as higher interest rates continue to dampen demand for property.
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House price change in England and Wales remained positive for residential property transactions that completed in June 2007, the Land Registry has said.
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