CML to focus on affordability and HIPs

Pain said: ā€œIā€™m delighted to continue as CML chairman in what will be another exciting and challenging year for the industry. Over the next 12 months we will see the long-awaited introduction of HIPs ā€“ the biggest change to the process of buying and selling property in recent times.ā€

db enhances range

db mortgages has launched a series of two and three-year fixed rate deals.

In addition, db has introduced an 85 per cent rate banding on all products from Near-Prime Plus to its Unlimited 2 range.

The fixed rates range from 5.90 per cent on the residential Near-Prime + products, up to 7.90 per cent on the Unlimited product at 85 per cent loan-to-value. The ERC is 6 per cent within the fixed rate period.