View more on these topics

First National Mortgage Company – Fresh Start 80 Self-Cert Fixed

Thursday, 19 April 2001.

Type: Fixed rate self-certification mortgage for customers with adverse credit histories.

Fixed term: Until August 31, 2002.

Fixed rate: 7.49 per cent.

Minimum loan: £25,001.

Maximum loan: Up to 80 per cent of valuation subject to a maximum of £500,000.

Income multiples: 3.5 times principal income plus second or three times joint.

Arrangement fee: Purchase price of up to £50,000 – £145, £50,001-£100,000 – £180, £100,001-£150,000 – £220, £150,001-£200,000 – £255, £200,001-£250,000 – £290, £250,001-£300,000 – £325, £300,001-£500,000 – £450.

Redemption fee: 4 per cent of loan in year one, 3 per cent in year two, 2 per cent in year three, 1 per cent in year four.

Conditions: Unlimited CCJs and arrears.

Introducer&#39s fee: Subject to negotiation.

Tel: 020 8909 8000.



Does anyone remember the days when life offices were risk takers? I do not mean prolific gamblers but rather when they last ran a book of business that included profits and losses on each contract with the ultimate aim of delivering profit to the company. Since investment business became the key focus for life offices, […]

TMO steps up its discount rate mortgage

The Mortgage Operation has introduced the exclusive triple discount mortgage.Aimed at both first time buyers and existing homeowners, the mortgage has a stepped discount of three per cent for the first three months of the mortgage, followed by a 1.25 per cent discount for the next 21 months, and then a one per cent discount […]

CIS closes tradititonal with-profits fund in shift to stakeholder

CIS is closing its traditional with-profits fund to new personal and group pension business following the launch of stakeholder. The move, designed to strengthen CIS&#39s fledgling with-profits fund for stakeholder, sees CIS committing itself firmly to the new pension vehicle at the exclusion of personal pensions. Life companies have struggled to find solutions to setting […]

Opra blocks links to IFAs on its website

Opra is refusing to offer access to independent financial advice through its website because it believes IFAs will sting vulnerable small businesses with “unnecessary fees” for stakeholder advice. IFA Promotion wants Opra to rethink its position and include an Ifap link but Opra is determined to send out the Treasury-style message that stakeholder does not […]

CGT entrepreneurs' relief

Entrepreneurs’ relief is due, subject to meeting certain conditions, in respect of capital gains arising on ‘material disposals of business assets’. These ‘business assets’ include: Read more


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