Owners miss the best rates

Article Abstract:

Research from NOP shows that nearly 50% of homeowners are paying mortgage rates which are above the lowest available in the market. However, they are unwilling to switch lenders and have to start a new long-term policy being unsure of the costs and benefits. The NOP survey revealed people would be unhappy if they knew that new customers were offered better deals. The survey also revealed a lack of understanding about the term re mortgage.

Comment:

UK: Research from NOP shows that nearly 50% of homeowners are paying mortgage rates which are above lowest available in market

Marketing procedures, Article

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UK: Strong buy-to-let market

Article Abstract:

The Council of Mortgage Lenders reports that the buy to let market is still buoyant, although prospects for the economy are in doubt. According to the quarterly journal of the council, 'Housing Finance', the value of mortgages in the sector has risen by over 60% in the year to end November 2001. The director general of the council, Michael Coogan, believes that rising returns and demand for rented accommodation will offset decelerating prices.

Market information - general

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UK: Mortgages sales chief to become Sun Life director

Article Abstract:

Sun Life, the company that concentrates on the prime and buy-to-let market, has appointed the head of sales and marketing at Mortgages, Paul Howard, to play a leading role as sales and development director of Sun Bank early in 2002.

Executive changes & profiles, Financial Holding Companies, Offices of Bank Holding Companies, Holding Offices, Sun Life Corporation PLC

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