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News - Mortgages

Mortgage Solutions weekly news analysis

Mortgage Solutions | 03 Oct 2008 | 13:42 | screening image

Moneyfacts revealed this week that more than 11% of all mortgage products were removed from the mark...

Moneyfacts revealed this week that more than 11% of all mortgage products were removed from the market on Monday.

The number of deals has fallen substantially this year - in January there were more than 6,000 products available, but now it is closer to 3,000.

Elsewhere, Nationwide reported house prices fell in September for the 11th month in a row, while speculation is mounting that the Bank of England will look to cut Bank base rate next week by up to 50 basis points.

Joining Editor in Chief Paula John to discuss the impact on intermediaries is Andy Pratt, chief operating officer at Alexander Hall.

Categories: Mortgages
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