View more on these topics

Barclays loosens interest-only criteria

barclays-building-2012-700x450.jpg

Barclays has loosened its interest-only requirements by expanding its part-and-part lending criteria where the sale of the property is used as the repayment vehicle.

Previously, where sale of property was used as the repayment vehicle, borrowers could have a loan to a maximum of 50 per cent LTV.

Customers who meet the minimum income criteria are now able to borrow up to 75 per cent LTV, with a maximum of 50 per cent LTV on an interest-only basis.

Sole applicants must have a minimum gross annual income of at least £75,000. For joint applications, one applicant must have a gross income of at least £75,000 or a joint income of at least £100,000.

Customer must also have £300,000 of equity in the property, after the interest-only element is taken into account.

Recommended

FCA interior 620x430
1

Massive FCA fines are the ‘new normal’

The era of record regulatory fines has been branded as “the new normal” as the level of penalties dished out by the FCA hits a total of £1.5bn. The figures have been published as part of the latest Global Enforcement Review by Kinetic Partners, part of consultancy firm Duff & Phelps. It found that the […]

Aviva-signage-building-2013-700.jpg
4

Aviva launches D2C platform

Aviva has launched a direct-to-consumer platform including an Isa, Sipp and general investment account. Customers will be able to manage their savings, investments and pensions in one place, including buying, selling and switching investments. Annuities can be bought direct but not through the new platform. An Aviva spokeswoman says: “Aviva’s consumer platform is now open […]

1

Former Treasury minister attacks Labour over pensions policy

Former Treasury minister Liam Byrne has admitted Labour failed to provide a compelling offering to retirees in the build up to the general election. Byrne, who authored an infamous note informing his successor Danny Alexander that “there is no money” upon leaving government in 2010, said the Conservatives gained more than two million more votes […]

Japan: the Land of the Rising Dividends

By George Boyd-Bowman, Fund Manager at Neptune Many Western investors have long bemoaned the lack of a true dividend culture in Japan, claiming the corporate culture is not tilted in favour of shareholders. Yet today, in the Land of the Rising Sun, we see a fresh impetus to focus on shareholder returns, which is leading […]

Japan: mid-year review and outlook

By Chris Taylor, Manager of the Neptune Japan Opportunities Fund H1 2014 Economy: after a harsh winter that slowed activity in the economy, the main event of the first half of the year has been the debate over what impact the 1 April VAT hike from five to eight per cent would have; we are […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment