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Heritable Bank – Status Two Year Fixed With Extended Lock In

Heritable Bank

Status Two Year Fixed With Extended Lock In

Type: Fixed-rate mortgage

Fixed term: Until November 1, 2008

Fixed rate: 4.74%

Minimum loan: £25,001

Maximum loan: Up to 80% op valuation subject to a maximum of £350,000, up to 70% of valuation subject to a maximum of £500,000, loans above £500,000 negotiable

Income multiples: Up to 4.25 times principal income plus second or 3.5 times joint

Arrangement fee: None where basic income multiples used, otherwise 0.5%,
£399 completion fee

Redemption fee: 5% of mortgage balance in first two years, 4% in year three, 3% in year four, 2% in year five

Introducer’s fee: 0.4% of original loan

Tel: 07795 601486



Nick Conyers retires after 21 years at Pearson Jones

Pearson Jones consultant Nick Conyers is retiring from the industry after a career spanning 27 years. The 51-year-old, a director of the national IFA firm, will leave in mid-January and says he plans to take some time off before deciding on his future. But he is adamant his days in financial services are over saying […]

Fighting infection

When we launched the Lawrence House Oeic, we established some strict rules by which we manage the underlying portfolios. One rule is that no fund will appear in more than one portfolio and each sub-fund limits exposure to any one investment group to a maximum of two of its funds. In our opinion, this is a simple way of reducing risk. In the event of one of our selected funds failing to perform, we have limited the damage to just one of the sub-funds. This rule also ensures that each of our funds has a very different identity.


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