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Abbey For Intermediaries – Core 2-Year Tracker

Abbey For Intermediaries – Core 2-Year Tracker

Type: Tracker mortgage

Tracker term: Two years

Tracker rate: 2.35% above the Bank of England base rate

Minimum loan: £1m

Maximum loan: Up to 70% of valuation subject to a maximum o f £2m

Income multiples: Based on affordability

Arrangement fee: 0.4% of the original loan

Redemption fee: 2% of the amount repaid in the first two years

Introducer’s fee: Refer to lender




Towry transfers missing Newton dividends

Many former Edward Jones clients who are transferring away from Towry have not received dividends from their investments in Newton higher-income funds for over two months. Many of the clients who are affected are retired. Some have not received their quarterly payments for August from the Newton global higher-income and higher-income funds. These were two […]

Colin Walsh appointed CML chairman

Council of Mortgage Lenders chairman Matthew Wyles (pictured) is stepping down from his role next year.  Wyles, who has been in the role for two years, will be replaced by Lloyds Banking Group managing director of mortgages Colin Walsh. Speaking at the CML’s Mortgage Industry Conference and Exhibition today, Wyles said: “This is my final […]

Regulation is costing mortgage brokers £20,000 a year, says Sinclair

Association of Mortgage Intermediaries director Robert Sinclair says regulation costs mortgage brokers around £20,000 a year. Speaking at the Mortgage Business Expo in London last week, Sinclair said he was asked by the Treasury select committee to calculate the cost of mortgage regulation to brokers. He said he is unable to give a figure for […]

Making a connection is a team effort

What I like about Plutus is that the company is constantly trying to improve what it is doing and is not scared to put something to one side if it does not work. It is important to realise that although all companies will try to change, not all of them will be successful in the […]


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