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Abbey For Intermediaries – Two-Year Fixed-Rate Mortgage

Abbey For Intermediaries – Two-Year Fixed-Rate Mortgage

Type: Fixed-rate mortgage

Fixed term: Until June 2, 2012

Fixed rate: 6.75%

Minimum loan: £6,000

Maximum loan: Up to 90% of valuation subject to a maximum of £250,000

Income multiples: Based on affordability

Conditions:  Capital repayments of up to 10% a year allowed without penalty in the fixed-rate period, one free valuation for properties valued up to £2.5m, £250 cashback

Arrangement fee: £495
Redemption fee: 3% of the amount repaid plus repayment of cashback in the first two years

Introducer’s fee: Refer to lender



FSA fines for penny share firm and chief executive

The FSA has fined London stockbroker Hythe Securities and its senior director Meenaz Mehta a total of £235,000 after the firm’s “aggressive sales culture” led to penny share failings. The firm was fined £200,000, and Mehta, who was chief executive, was fined £35,000 and banned from holding senior positions in any firm selling penny shares […]


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