View more on these topics

Coventry Intermediaries – Godiva Mortgages Buy-To-Let 3.99% Fixed to 31.05.14

Coventry Intermediaries – Godiva Mortgages Buy-To-Let 3.99% Fixed to 31.05.14

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until May 31, 2014

Fixed rate: 3.99%

Minimum loan: £25,000

Maximum loan: Up to 65% of valuation subject to a maximum of

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

Conditions: Capital repayments of up to 5% a year allowed without penalty in the fixed-rate period, one free valuation up to £700, remortgage transfer service, p to three properties allowed with the Coventry Building Society Group, up to 10 properties allowed with all lenders

Flexible features: Overpayments, payment holidays, interest calculated daily

Arrangement fee: £1,249 plus £250 booking fee

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

Introducer’s fee: Subject to negotiation

Tel: 0845 7573612

Recommended

3

Only 12% of Arch cru sales based on suitable advice

The FSA says just 12 per cent of Arch cru sales were found to involve suitable advice, based on an external file review of a small number of cases. The regulator published a consultation paper today on plans to implement a £110m redress scheme for between 15,000 and 20,000 Arch cru investors. Firms will be […]

2

Proc fee fears over Abbey fast track

Some brokers are opting out of using Abbey for Intermediaries’ fast-track facility due to concerns over its strict rules and the consequences if the lender moves to determine proc fees by business quality. Abbey for Intermediaries is one of the few lenders to offer a fast-track service and brokers have often complained about falling foul […]

2

Reports suggest Dilnot social care overhaul delayed

The Government’s response to long-term care funding proposals set out by the Dilnot Commission has been delayed because of arguments over costs, according to reports. The Dilnot commission’s report, published last July, calls for a cap on individuals’ lifetime contributions to social care costs of between £25,000 and £50,000, with £35,000 the recommended figure. The […]

MPs want swap sale probe

MPs are preparing to file an official request to the Treasury select committee to launch an inquiry into the potential misselling of interest rate swaps. The swaps are designed so banks cover the cost of increased payments in the event of interest rate rises while, if rates fall, the customer has to pay the bank. […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment