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Accord Mortgages – Two-Year Fixed rate Buy-To-Let

Accord Mortgages – Two-Year Fixed rate Buy-To-Let

Type: Fixed-rate buy-to-let mortgage

Fixed term:Until September 30, 2013

Fixed rate: 4.59%

Minimum loan: £50,000

Maximum loan: Up to 75% of valuation subject to a maximum of £500,000

Income multiples: Rental income must be at least 125% of the mortgage repayments calculated at a rate of 5%

Flexible features: Overpayments, underpayments, payment holidays, interest calculated daily

Conditions: Capital repayments of up to 10% a year allowed without penalty, available only through London & Country and The Buy to Let Business, available only for properties in London and the South East, up to three properties allowed within a total maximum of £1m and up to 10 properties allowed across all lenders

Arrangement fee: £995

Redemption fee: 3% of the amount repaid in the first two years

Introducer’s fee: Refer to lender



Broker banned and fined £106k

A mortgage broker has been banned and fined £106,499 for inflating incomes and falsifying employment details on mortgage applications. The fine against Gillingham broker Michael Lewis, trading as Lewis Partnership, is made up of a £100,000 punitive element and a disgorgement of commission and fees of £6,499. The FSA found that Lewis knowingly submitted mortgage […]


Direct Line pulls out of life market

Direct Line has pulled out of the life insurance market with immediate effect. A notice on the company’s website states that Direct Line, which is owned by Royal Bank of Scotland, is no longer accepting new life cover, life cover with critical illness, or over 50s life cover business. The notice says: “Direct Line Life […]

RoyLon moves to shut down Royal Liver Liverpool office

Royal London plans to close Royal Liver’s Liverpool office, putting 222 jobs at risk. It wants to integrate the Liverpool operation into the Royal London operation in Wilmslow. This would result in 222 staff being made redundant at the Liverpool office, with 105 new roles to be created at Wilmslow. A further seven roles would […]

Pension savings-2015

Pension tax relief: parked (for the moment)

The national news agenda has been dominated by pension issues this month. For those that missed it (and there cannot have been many given that this was the lead story in spoken and written media), the Chancellor announced a decision to make no decision on pension tax relief in his 16 March 2016 Budget speech. To […]


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