View more on these topics

Genesis Home Loans – Genesis Sapphire Fixed Rate

Monday, 8 October 2001.

Type: Self-certification fixed rate.

Fixed term: Until April 1, 2003.

Fixed rate: 7.24 per cent.

Minimum loan: £25,001.

Maximum loan: Up to 75 per cent of valuation subject to a maximum of £250,000, up to 60 per cent subject to a maximum of £400,000.

Income multiples: 3.75 times principal income plus second or 3.25 times joint.

Arrangement fee: £395.

Redemption fee: 5 per cent of original loan in year one, 4 per cent in year two, 3 per cent in year three plus £70, thereafter £70.

Conditions: Unlimited arrears and CCJs, individual voluntary arrangement satisfied or being well conducted, bankruptcy discharged for one year.

Introducer’s fee: 1 per cent subject to a minimum of £250, maximum of £2,500.

Tel: 01832 275044.

Recommended

Flight hits out at FSA claims over fees

Conservative shadow paymaster general Howard Flight is disputing FSA claims that consumers are prepared to pay fees for financial advice.Speaking to Money Marketing at the Tories&#39 annual conference in Brighton this week, Flight said commmission is preferred bec-ause it is more tax-friendly to consumers as they do not have to pay VAT.The FSA said at […]

Balfour quits EFM after row over firm&#39s future

Edinburgh Fund Managers chief investment officer Mike Balfour has quit the firm after 16 years following a reported dispute with chief executive Iain Watt.The dispute is thought to have centred on EFM&#39s future, with Balfour reported to be keen on a takeover and Watt wanting to retain independence.Balfour, who also managed EFM&#39s flagship £1.5bn Edinburgh […]

IFA numbers increase by 40% in three years

The number of IFAs has rocketed by over 40 per cent in three years to well over 32,000, according to FSA figures.Figures obtained by MM in April already indicated a surge in numbers. The number of IFAs registered with the FSA soared by 43 per cent to 32,181 in 2001 from 21,879 in 1998.The biggest […]

Advisers are not running charities

The FPC exam resulted in lots of advisers becoming mortgage brokers.With the low take-up of Cemap, we see increasing media coverage extolling the virtues of non-regulated business.I can only assume that eventually the PIA/FSA will see a reason to block this route and then, guess what, we will all become double-glazing salespeople.Round and round we […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment