View more on these topics

Genesis Home Loans Planets & Moons Saturn

Genesis Home Loans Planets and Moons Saturn

Type: One-yeariscount

Discounted term: Until June 1 2003

Discount: 1.6%

Payable rate: Full status – 5.77%, self-certification — 6.27%

Minimum loan: £25,001

Maximum loan: £750,000

Income multiples: 3.5 x plus 1 or 3 x joint

Arrangement fee: £395

Redemption fee: 6% in year one, 6% in year two, 5% in year three, thereafter 1% or one month’s notice in lieu

Conditions: Purchase 85% LTV, remortgage 80% LTV. CCJs maximum £5,000. Four month’s mortgage arrears cleared by application. Bancruptcy discharged, IVA current and satisfactory or completed. Loans over £500,000 max 70% LTV, packeged through Platform Home Loans

Introducer’s fee: Refer to packager

Contact: 01832 275 044

Recommended

Pink Home Loans three-year buy-to-let fixed

Pink Home Loans three-year buy-to-let fixed Type: Three-year buy-to-let fixedFixed term: Until January 1 2005Tracker rate: Bank base rate plus 1.98%Payable rate: 5.47%Minimum loan: £25,001Maximum loan: £500,000Income multiples: Rent to exceed 125% of the mortgage payment Arrangement fee: 1%Redemption fee: 5% of amount repaid for three yearsConditions: Funded through VersoIntroducer’s fee: 0.25% commission Contact: www.pink.uk.net

Cazalet attacks upgraded Friends rating

Industry analyst Ned Caz-alet has criticised ratings agencies Standard & Poor&#39s and Moody&#39s for upgrading Friends Provident&#39s financial strength despite mounting liabilities and reduced excess capital.Following its demutualisation last year, Friends floated on the stockmarket and injected £1.2bn of the £1.6bn raised into its with-profits fund, earning a AArating by S&P and an Aa3 rating […]

Comparing notes

New regulations and consultations are arriving at a dizzying speed. Mortgages in particular have been on the carousel. Now the Treasury has released its consultation paper on the statutory regulation of mortgages with a punctuality that has surprised the mortgage industry.While it seems to contain few surprises, those involved with selling mortgages are still digesting […]

Initial commission axed on CleverDic net service

IFA Denyer Insurance Consultancy is offering an online execution-only service with no charge initial commission to target clients with orph-aned policies.The website offers comparative quotes for life insurance, critical-illness cover, pensions, Isas and mortgages.CleverDic has teamed up with Skandia to use its My Multi-Fund Shop fund supermarket to provide Isas. Mortgages are sourced through the […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com