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GMAC RFC – Buy-to-Let Tracker

Buy-to-let tracker mortgage

Tracker term: Lifetime of loan

Tracker rate:
Up to 85% of valuation &#45 1.39% above Bank of England base rate,
up to 75% of valuation &#45 0..99% above base rate

Payable rate:
Up to 85% of valuation &#45 6.14%,
up to 75% of valuation &#45 5.74%

Minimum loan: £25,001

Maximum loan:
Up to 85% of valuation subject to a maximum of £300,000,
up to 75% of valuation subject to a maximum of £400,000,
up to 65% of valuation subject to a maximum of £500,000

Income multiples:
Rental income must be at least 125% of mortgage repayments

Arrangement fee:

Redemption fee:
4% of amount repaid in year one,
3% in year two,
2% in year three

Introducer&#39s fee:
0.5% of original loan

Tel:0870 4844484


Hogarth says Sandler offers chance for new recruits to gain experience

IFAs should use depolarisation as a chance to recruit fresh blood into the business, says Bankhall joint chief executive Paul Hogarth. He told the Sway conference in Monaco last week that depolarisation will present the perfect chance for new advisers to be recruited. He believes new business models being presented by the change could help […]

The IFA&#39s role on underwriting

As the protection market becomes increasingly competitive, underwriting is gathering importance as a key differentiating factor for advisers when choosing a provider. A critical factor is the ease and speed with which the provider is able to underwrite their client&#39s case. IFAs rate quality of service in the same league as competitive rates and commission. […]

Gartmore – Gartmore Portfolio: Cautious Strategy Fund

Type: Oeic multi-manager fund of funds Aim: Income and growth by investing in UK bond funds, UK equity income funds, property funds and cash Minimum investment: Lump sum £1,000, monthly £50 Investment split: 100% in UK bond funds, UK equity income funds, property funds and cash Isa link: Yes Pep transfers: Yes: Charges:Initial 5%, annual […]

&#39Professional connections are at risk&#39

IFA firms will burn their bridges with professional businesses if they opt to become multi-ties, a network boss has warned. SimplyBiz managing director Ian Thorneycroft told IFAs at the Sway conference in Monaco last week that they would lose partnerships and deals with lawyers, accountants and other professional trades if they become multi-tied. When depolarisation […]

Budget summary – March 2016

This week’s Budget looked as if it would be a difficult one for the Chancellor, with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. Nevertheless, Mr Osborne did spring a few surprises, including some tax reductions. So how does this budget affect you? If you are – or […]


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