Leeds BS is introducing two fixed-rate cashback deals while the Principality BS has cut rates for a pair of two-year fixes.
The Leeds products offering £750 cashback both have a £199 fee, free valuation and fees assisted legal services for standard remortgages. They are:
Leeds Building Society’s director of product and distribution Jaedon Green said: “We try to offer a range of fee and incentive combinations across our mortgage range and we know cashback deals can give borrowers a little extra flexibility at a time when this is most useful.
“In addition, the incentives help to minimise costs, for remortgages in particular, so may appeal to existing homeowners who’ve built up more equity and want to switch to a better deal which could bring down their monthly repayments.”
Principality Building Society has cut rates on two two-year fixed rate residential mortgages at 80% and 85% LTV by up to 0.10%.
The products offer no fees and free standard valuations, up to £350,000 loan and include early repayment charges of between 1.5%-2%.
Principality’s head of regulatory sales Shaun Middleton said: “We want to provide our intermediaries with opportunities to engage with their clients to talk about their mortgage requirements. This is why we’ve reduced the rates across these higher loan-to-value fixed rate products.”
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Britain’s split from the European Union doesn’t necessarily mean interest rates will be lower, Bank of England deputy governor Ben Broadbent warned – just a week after the base rate was hiked for the first time in a decade.
In a move that would affect mortgage rates and the finances of millions of Britons, interest rates could be raised even if economic growth disappoints amid Brexit, according to Broadbent, who sits on the Bank’s Monetary Policy Committee (MPC).
The deputy governor today used a speech in London to challenge perceptions that the Bank of England will keep policy loose as the UK leaves the political union – raising the possibility that financial markets are underestimating the likelihood of future rate rises.
In part, the differing attitudes towards Brexit between financial markets and households have contributed to inflation soaring above the Bank’s 2% target, Broadbent said.
Speaking to an audience in London today, the policymaker said: “My main point is that, given all the moving parts, even the marginal impact of EU withdrawal on the appropriate level of UK interest rates is ambiguous.”
He added: “The effects of Brexit on inflation, and ultimately on the appropriate level of interest rates, are altogether more uncertain and more complex.
“They’re certainly too complex to justify the simple assertion that Brexit necessarily implies low interest rates.”
The Bank of England cut interest rates to 0.25% following the Brexit vote – this wasn’t because of the outcome, but because of the sharp fall in business and consumer confidence, according to Broadbent.
But Brexit expectations and inflation – and ultimately interest rates – are not on a path that’s easy to predict, the policymaker said.
He added: “In the meantime, the MPC has little choice, it seems to me, but to take the economic data at face value.
“What’s been in front of us for several months is an economy with above-target inflation and dwindling spare capacity.
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According to Land Registry data, with analysis conducted by London Central Portfolio and Acadata, residential sales volumes and prices both...
The nation should feel proud as around 17 of the 34 fellows of Indian origin have been selected for American India Foundation’s William J. Clinton Fellowship for Service in India for its 2015-16 class.
The students were selected by identifying the candidates who have a keen interest in serving India; the maturity and flexibility to work and live effectively in India; the experience to make meaningful contributions to non-governmental organizations and social enterprises in India and the leadership potential to become a leader on development issues.
The candidates were supposed to be either the Indian Citizen or a citizen of United States between the ages of 21 and 34. They should have also obtained their Undergraduate Degree latest by September 1, 2015. Further they should have thorough knowledge of development field and issues in India. They should have a humble respect for other cultures, must be aware about their role and how it will play in their lives; willingness to find ways to be helpful at their host organization and adaptability to challenging living and working conditions.
The selected Indian American Priyanka Murali has spent her childhood in four countries and presently as per her opinion Fremont, Calif., is her home. Due to the exposure of culture of four different countries she possess a unique perspective that how the daily life is affected by cultures. She has obtained his undergraduate degrees in South Asian studies and genetics.
She has worked with South Asian Heart Center, a wellness clinic. To continue her education further she pursued a graduate degree in genetic counseling, where she conducted independent research and consulted with patients diagnosed with genetic diseases. While on a Internship at a genetics clinic in Bangalore she came across the effects of culture on healthcare and thereby became quite interested interested in different models of healthcare delivery in India.
The selected Indian-origin fellow Aparna Nutakki was born in Hyderabad but presently she lives in Chicago with her family. While in the college days she as a volunteer worked in free health clinics for uninsured patients of Chicago. Not only this but also she also went to Honduras as part of medical brigades. She has also worked with an NGO in India to diagnose diabetes and anemia in the tribal population of Wayanad, Kerala.
The perfect blend of these experiences and after observing differences in healthcare while growing up in India motivated Nutakki to become a physician, especially to serve the underprivileged communities.