View more on these topics

Discount loans for CCJ clients

Mortgage packaging network Exclusive Connections is offering an adverse-credit discount rate mortgage as well as a fixed-rate product.

The discount mortgage, funded by Bristol & West, is available to people who have a number of outstanding county court judgments up to £10,000 as long as the latest is not within the last six months.

It has a 0.75 per cent discount for one year followed by a rate of 1.25 per cent over the standard variable rate for two years after which it reverts to the SVR. The current payable rate is 6.99 per cent.

Minimum loan is £25,000 and maximum £500,000. Single applicants may borrow up to 3.5 times their income and joint applicants may take out up to 2.75 times their joint income. The maximum loan to value is 85 per cent. The redemption penalty is 5 per cent of the amount repaid in years one and two reducing to 4 per cent in year three.

The second mortgage, is funded by the Mortgage Business and features a fixed rate of 6.99 per cent until October 1 2003.

Income multiples on the product are 3.5 times single or 2.75 per cent joint with an option of the completion fee being added to the loan.

The redemption penalty is four months&#39 interest until October 1, 2003 and one month&#39s notice or interest in lieuof notice after.

Exclusive Connections marketing director Patrick Day says: “Both employed and self-employed applicants may apply to borrow up to £500,000 or £150,000 for first-time buyers and a maximum of 85 per cent LTV or 80 per cent LTV first-time buyers.”


Build on rewards of under-rated stocks

Between March and July, income funds with little exposure to telecoms, technology and media and large exposure to old world value stocks performed particularly well.However, that period of dramatic outperformance is now over and, although the market is at the top end of its recent trading range, there is very little market leadership.We believe the […]

Letter of the lore

M is for market-maker. A company that trades policies, buying unwanted mid-term with-profits endowments and whole-of-life policies on their own account for resale to investors.N is for non-qualifying. How the proceeds from a maturing Tep are taxed will depend on whe-ther the policy is qualifying or non-qualifying. Policies become non-qualifying when amended by the life […]

Mortgage 2000 business loan service on web

Mortgage 2000 has set up an online commercial mortgage auction service for IFAs.The company&#39s website,, is offering the new business-to-business service which compares the deals offered to IFAs from 13 commer-cial lenders.The system identifies the best commercial mortgage available for a client, demonstrating how remortgaging can save commercial borrowers money. It encourages clients to […]

Franklin goes for growth

Franklin Templeton Investments is going for growth with the US aggressive growth fund.US aggressive growth is an open ended investment company (Oeic) aimed at experienced investors who want exposure to companies in the United States and it can be included in the company’s individual savings account. Although registered in the UK, the fund management team […]

Responsibility Matters

The latest update from the Sustainable Investments Team at Royal London Asset Management, Responsibility Matters, is now available. In this edition the team look at issues such as the growing acceptance of sustainable investing and technology in China. Read the update here: The value of investments and the income from them is not guaranteed and […]


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