View more on these topics

Chelsea Buildign Society – Prospect Non-Conforming Discount Medium Scheme

Chelsea Building Society

Prospect Non-Conforming Discount Medium Scheme

Type: Discounted-rate adverse credit mortgage

Discounted term: One year


Payable rate: 5.99%

Minimum loan: 300,000

Maximum loan: Up to 75% of valuation subject to a maximum of 250,000

Income multiples: 3.75 times principal income or 2.8 times joint

Conditions: Free legal fees for remortgages if in-house solicitors used, up to 2,000 in CCJs allowed, up to six missed repayments in last 12 months acceptable but only two missed repayments allowed in last six months

Arrangement fee: 495

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

Introducers fee: Subject to negotiation

Tel: 08702 404808


Pension bodies set out roles

The DWP, Pensions Regulator and the Pension Protection Fund have published a memorandum setting out the specific role of each body and how they will work together to improve pension security. The document separates responsibilities based on the four principles of clear accoun-tability, transparency, no duplication of workload and regular and appropriate inform- ation exchange. […]

Daunting prospectus for fund firms

In these edgy times, while walking through the City of London, I am always amazed at the stoicism of the British people. Most of us are innately coded to carry on regardless. Those of us in the area of fund marketing have read a plethora of compliance documents recently. But a small, recently introduced paper […]

Lawson and Ritchie lock horns in churning row

Standard Life’s John Lawson has accused Stewart Ritchie of encouraging churning through his promoting of pension transfers into section 32 contracts. Standard marketing tech-nical manager Lawson says ScotEq pensions development director Ritchie and rivals Scottish Widows are overplay- ing the effect of the A-Day regulatory changes to advisers when recommending switching clients out of executive […]

Investment View: Moving the goalposts

If ever you needed confirmation that the old adage lies, damn lies and statistics still holds true, then last week’s moving of the goalposts by Chancellor Gordon Brown was proof.

Finding security in bond markets

Martin Foden, head of credit research at Royal London Asset Management, explores the role of secured bonds, considering the impact of default and the characteristics of secured bonds versus supranationals and highlighting some examples. He also examines the evolution of the credit market and rating agency inefficiencies. Read the article in full: The value of […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm