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ICMG – Sub Prime

Friday, 26 October 2001.

Fixed term: Until March 31, 2003.

Fixed rate: Loans up to 70 per cent of valuation – 6.75 per cent, 71 per

cent and above – 7.25 per cent.

Minimum loan: £25,001.

Maximum loan: Up to 95 per cent of valuation subject to a maximum

of £1m.

Income multiples: 3.5 times principal income plus second or three

times joint.

Arrangement fee: £395.

Redemption fee: 8 per cent of amount repaid in year one, 6 per cent

in years two and three.

Conditions: None.

Introducer&#39s fee: 1 per cent.

Tel: 01702 433777.




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Orbitex appoints new sales support head

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Peter Barrett

Lives: Buxted, East SussexBorn: 1966, West SussexEducation: Left comprehensive school to go to college in East Surrey to study for a diploma in business studiesCareer: Started with admin role with subsidiary of Signa US, Crusader Insurance, In 1989 joined Inter-American International as a director of offshore operations. In 1990 set up his own brokerage in […]

Man Investment Products – Man-IP 220 Plus (Series 4)

Friday, 26 October 2001.Type: Offshore bond.Aim: Growth by investing in futures and fund of hedge funds.Minimum investment: Lump sum $5,000, Euros 5,000.Place of registration: Bermuda.Investment split: Futures 50 per cent, fund of hedge funds 50 per cent.Guarantee: Guarantee of at least initial investment returned on maturity.Isa link: No.Charges: Annual up to 4 per cent.Commission: Subject […]


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