View more on these topics

Abbey For Intermediaries – Newbuy 5-Year Fixed Rate

Abbey For Intermediaries – Newbuy 5-Year Fixed Rate

Type: Fixed-rate mortgage for the NewBuy scheme

Fixed term: Until July 2, 2017

Fixed rate: 5.49%

Minimum loan: £6,000

Maximum loan: Up to 95% of valuation subject to a maximum of £475,000

Income multiples: Based on affordability

Conditions: Capital repayments of up to 10% allowed without penalty in the fixed-rate period subject to a £500 minimum, free valuation, £250 cashback, available only to intermediaries nominated by Barratt Homes (David Wilson Homes and Ward Homes), Berkeley (St George, St James and St Edward, Bovis Homes. Persimmon (Charles Church and Westbury)

Arrangement fee: £99 booking fee

Redemption fee: 5% of the mortgage balance in the first three years, plus repayment of £250 cashback if mortgage repaid on or before June 2, 2014

Introducer’s fee: Refer to lender




FSA could force Sipps with riskier assets to hold more capital

The FSA is considering forcing Sipp providers with riskier investments to hold more capital than those with less risky assets under proposals to be outlined later this year. In June last year, Money Marketing revealed the FSA was planning to increase capital adequacy requirements for Sipp providers. Currently, providers are required to hold capital reserves […]

HMRC plans help to avoid fixed protection losses

HM Revenue & Customs is planning a retrospective power in the Finance Bill to protect people against the loss of pension fixed protection. Changes saw the annual allowance for tax-privileged pension saving cut from £255,000 to £50,000 from April 2011. The lifetime allowance was also reduced from £1.8m to £1.5m this year. Savers had until […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment