View more on these topics

Birmingham Midshires – BM Solutions Buy-to-Let Variable Tracker

Type:
Discounted rate buy-to-let tracker mortgage

Discounted term:
Three years

Discount:
0.45%

Payable rate:
5.25%

Tracker term:
Lifetime of loan

Tracker rate:
Bank of England base rate plus 1.95%

Minimum loan:
£25.001

Maximum loan:
Up to 85% of valuation subject to a maximum of £1m,
up to 75% of valuation subject to a maximum of £2.5m

Income multiples:
Rental income must be at least 125% of mortgage repayments

Arrangement fee:
None

Redemption fee:
5% of amount repaid in year one,
4% in year two,
3% in year three

Introducer&#39s fee:
0,5% of original loan

Tel:0845 600 0227

Recommended

Grosvenor Films – Messages

Type: Enterprise investment scheme Aim: Growth by investing in the production of a supernatural thriller Minimum investment: Lump sun £2,000 Opening/closing date: October 21, 2003/February 29, 2004 Charges: Implicit Commission: Initial up to 5% Tel: 0208 567 6655

&#39Providers have created atmosphere of mistrust&#39

Labour MP Angela Eagle has blamed product providers for creating “market failure on a massive scale” in the financial services sector and damaging consumer confidence. Speaking at a Treasury select committee hearing on restoring confidence in long-term savings last week, Eagle told witness Ron Sandler she blames providers for perpetuating an atmosphere of mistrust in […]

Lifesearch sends out Swiss Life admin call MCCB cuts firms&#39 fees ahead of regulation

The Mortgage Code Compliance Board has significantly reduced the fees that intermediaries and lenders will pay for their final period of registration before statutory regulation starts. There will no longer be a registration fee for intermediary firms and the staff fee will be less than half of the fee payable in 2003/04. The renewal fee […]

Standard Life Investments appoints Crombie replacement

Standard Life Investments has appointed Keith Skeoch acting chief executive, replacing Sandy Crombie who moved into the Standard Life group chief executive post on 13th January following the resignation of Iain Lumsden.Former Mercury Asset Management chairman Hugh Stevenson has been appointed non-executive chairman of Standard Life Investments in place of Sandy Crombie. Additionally former global […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment