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Welcome to MFBTV on Thursday 4th of August. So no surprises, BBR remains at 0.5%, yes
again! Then indeed we are running a bet here in the office, I’m still sticking to the
31st of March for the first movement. My colleague Steve Olejnik our head of sales says nothing
by the end of July, so another 12 months of 0.5%. Let’s see who’s right. Perhaps his
views are based on the fact that U.S. debt crisis has been averted but many issues still
remain over the integrity of American debt and even in this country our PMI index has
dropped over 50% for the first time since July 2009. So there are still rocky times
ahead. And indeed the IMF whilst congratulating our government on the steps it’s taken is
saying that our outlook remains uncertain. So do you go for a fixed rate or do you go
for a variable rate? We are not sure, but here is a good discounted rate for you to
consider. Two year discounted tracker at 3.59% to 70% loan to value and flat arrangement
fee of £995, so helping those of you with higher value properties. There is a £345
application fee to secure the rate but there are free legals and valuation fees with this
package. Repayment options are interest only or capital and interest.
And finally some of you like what we do. Last Thursday was announced that we won the best
specialist advisor award in What Mortgage Awards. Thank you to those for you who voted
for us. As ever, our lines remain open at 0845 3456788.