The Halifax is to close over 50 of its estate agent branches across the country with the loss of around a hundred jobs.
The move by the Halifax comes on the back of what they have described as a significant decline in house sale numbers over the last 12 months. The heart of the Halifax estate agency business is in the North and Midlands, and it is here that they will focus most of their efforts moving forwards.
Around 550 people will find their estate agency branches closing but the Halifax will be able to relocate most of these people, with a hundred that will hopefully be taken up primarily through voluntary redundancies and natural staff turnover.
As part of the Mortgage Club Legal and General has added a conveyancing service for customers, something they feel is an essential part of the whole mortgage process.
The view of the Legal and General mortgage spokesman is that effective and efficient conveyancing can make or break the house moving process. If the conveyancing is not done at a good pace then there is a greater likelihood that the deal can fall through, meaning the whole process of finding a property has to begin again.
Legal and General are using the skills and knowledge of intermediaries to manage the conveyancing process, since these financial advisors and legal experts have the experience and knowledge to get all the work done to customers satisfaction.
Well known high street building society the Alliance and Leicester has just announced some new mortgage offers offering a variety of options for housebuyers.
Fixed rate mortgages are very popular right now as people look to get some stability with their repayments. To this end the Alliance and Leicester mortgage offers include two new fixed rate options. Their five year fixed rate deal will cover up to 90 percent of the property price and stands at 7.14 percent interest. There is also a shorter two year rate, quoting just 6.14 percent interest but restricted to those able to put down a deposit of 25 percent or more.
Catering for the variable rate market the Alliance and Leicester have also introduced a tracker mortgage that follows the Bank of England base rate. Of course this does not ensure a fixed repayment amount but the interest rates are currently lower than the fixed rate alternatives so can prove enticing.
