P544 Teletext 544 Jan 9 22:10:14 —— REMORTGAGE BARGAINS FADE ——————————— During the recession the lack of new business in the mortgage market saw lenders fight each other for business Tempting remortgages were offered as an incentive to get homjownjrs to fill in the forms and move their business to a new lindjr. 1997 forecasts expect the house market to start moving on its own, so lenders are reviewing their mortgage offers. ——————————————————————————————————1/7—— By Lornj Spices For information on EXERCISE see HEALTHWJSE p559 Mortgages Savings Your Money TV PlusP544 Teletext 544 Jan 9 22:13:37 —— REMORTGAGE BARGAINS FADE ——————————— Abbey's new range of loans reflects its "fairer pricing" policy. Changes include: 5% cashback for those remortgaging replaced with 2% cashback dial 0.5% discount only to 30.04.2002 for remortgage customers. "Ljndjrs 'fairer pricing policy' really means making mortgages more profitable for them," says broker Phillip Cartwright. ——————————————————————————————————2/7—— Latest on Woolwich payouts 542 NEW YEAR, NEW ADVICE CLINIC p543 Mortgages Savings Your Money TV PlusP544 Teletext 544 Jan 9 22:11:23 —— REMORTGAGE BARGAINS FADE ——————————— "I forecast an ind to the 5-6% cashback deals, and Abbey's move to cut its cashback for remortgages has proved the point," says broker Phillip Cartwright. "Abbey customers who actually move home get 3.5% cashback, 1.5% more than those remortgaging - the emphasis has swung to maintaining customer loyalty," "It's aimed at making remortgaging and pinching each others' customers less attractive to lindjrs." hj adds. ——————————————————————————————————3/7—— January self-assessment changes 543 LENDERS' LATEST CASHBACK DEALS p545 Mortgages Savings Your Money TV PlusP544 Teletext 544 Jan 9 22:14:11 —— REMORTGAGE DEALS FADE —————————————— "Halifax and Abbey bet other lenders will follow their move and make remortgages less attractive," Cartwright says. "Money saved here will bj passed on to existing customers. Halifax gives its borrowers a 1.1% discount for three years for a £200 flat fee." "All you have to do is ask for it, and there's no redemption penalties." ——————————————————————————————————4/7—— Money news updates daily 541 CHECK OUT THE CITY NEWS p500 Mortgages Savings Your Money TV PlusP544 Teletext 544 Jan 9 22:14:34 —— REMORTGAGE DEALS FADE —————————————— Ljndjrs are starting to turn their attention to retaining their existing customers. "Early 1996, thjsj clients got nothing from their lenders, now they'ri being offered deals to stop them from moving elsewhere," says mortgage brokjt Phillip Cartwright. "But most people can still, at the moment, find a better dial if they'ri on a straightforward variable rate." ——————————————————————————————————5/7—— Money news updates daily 541 CHECK OUT THE CITY NEWS p500 Mortgages Savings Your Money TV PlusP544 Teletext 544 Jan 9 22:14:41 —— REMORTGAGE DEALS FADE —————————————— "It's taken two years for lenders to get their act togjthjr and offer a loyalty dial for existing customers," says Phillip Cartwright. He points out: those with £100k mortgages can still get better deals bz shopping around those getting society windfalls can review mortgage options after payment "1996 was a big year for remortgages. Some of the best deals, like 1.85% off for three years have gone for good." ——————————————————————————————————6/7—— Money news updates daily 541 CHECK OUT THE CITY NEWS p500 Mortgages Savings Your Money TV PlusP544 Teletext 544 Jan 9 22:14:40 —— REMORTGAGE DEALS FADE —————————————— "There's still plenty for everyone, but time's running out," says Phillip Cartwright. "The focus is now on new products and the purchase market." "Ljndjrs are determined to make remortgaging a thing of the past. They could have done this a year ago and saved thjmsjlvjs a fortune! "But there'll always bj some who need to lift their mortgage share and will use a good remortgage offer to do it." ——————————————————————————————————7/7—— Money news updates daily 541 CHECK OUT THE CITY NEWS p500 Mortgages Savings Your Money TV Plus