View more on these topics

Furness Building Society – 3-Year 1.65% Discount – Purchase

Furness Building Society – 3-Year 1.65% Discount – Purchase

Discounted term: Three years

Discount: 1.65%

Payable rate: 3.79%

Minimum loan: £20,000

Maximum loan: Up to 80% of valuation subject to a maximum of £500,000

Income multiples:  Loans up to 80% of valuation – up to 3.75 times principal income plus second or three times joint, up to 50% of valuation – up to 4.25 times principal income plus second or 3.25 times joint

Conditions: Capital repayments of up to 10% a year allowed in the discount period without penalty, available direct and through intermediaries

Flexible features: Overpayments, underpayments, payment holidays

Arrangement fee: £499 completion fee

Redemption fee: 3% of the original loan in the first three years

Introducer’s fee: 0.35% of the original loan subject to a £100 minimum and a £1,750 maximum

Contact: www.furnessbs.co.uk/intermediaries

Recommended

JO Hambro soft-closes UK equity income fund

JO Hambro Capital Management has soft-closed its JOHCM UK equity income fund after it passed through the £750m barrier. The fund, managed by James Lowen and Clive Beagles, has garnered a large IFA following since its launch in November 2004 and is currently top quartile in the IMA UK equity income sector over three years. […]

Banks strike deal to lend £76bn to small firms

The UK’s biggest banks have signed an agreement with the Government that will see £190bn made available in gross new lending to businesses in 2011, including £76bn to SMEs. Under Project Merlin, Barclays, HSBC, Lloyds Banking Group, RBS and Santander will increase gross new lending to businesses by 6 per cent, up from £179bn in […]

5

FSCS becomes latest firm targeted by scammers

The Financial Services Compensation Scheme is the latest firm to be targeted by scammers after warning consumers to be on guard from bogus callers or people preporting to be from the compensation scheme. In a statement on its website, the FSCS says: “It has received information some people may have received calls during which consumers […]

MetLife launches protected growth bond

MetLife has launched a bond which allows investors to lock in a level of investment growth daily. The protected growth bond, which also offers a choice of investment protection levels, allows investors to choose 90 per cent, 80 per cent or 70 per cent protection levels with equity exposure ranging between 90 per cent and […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment