in brief

March 1, 2004
25-year fixed rateGMAC, the mortgage-lending arm of General Motors, has launched a 25-year fixed rate mortgage in the UK, offering to lend up to five times income. The rate is fixed at 5.95%. Last year the chancellor, Gordon Brown, called for long-term fixed rate mortgages to help achieve market stability. Battersea bankerWeston Homes has put forward plans for a riverside …

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