View more on these topics

IF offers intelligent offset

Intelligent Finance

Offset 85% Fixed Rate

Type: Fixed-rate offset mortgage

Fixed term: 4.99%

Fixed rate: Until February 1, 2008

Minimum loan: 100,000

Maximum loan: Up to 85% of valuation subject to a maximum of 500,000

Income multiples: Based on affordability

Flexible features: Overpayments, underpayments, payment holidays, interest calculated daily, lump sum withdrawals, offset feature

Conditions: Free valuation and free legal fees for remortgages

Arrangement fee: 499

Redemption fee: 4% of amount repaid until February 1, 2008

Introducers fee: Refer to lender

Contact: www.if.com

Intelligent Finances 85 per cent fixed rate offset mortgage is available for loans of 100,000-500,000 up to a maximum of 85 per cent of valuation.

John Charcol mortgage development manager Elliot Nathan regards this deal as a competitive two-year fixed rate for an offset mortgage. He likes the fact that there are no early redemption charges for part redemption and the fees free incentives for remortgages where valuation fees are refunded and legal fees are free.

When asked what he dislikes about this deal Nathan says: The maximum loan to valuation of just 85 per cent.”

He feels competition will come from Accord Mortgages 4.99 per cent deal at 95 per cent of valuation and Coventry Building Societys deal which is also available at 95 per cent of valuation.

BROKER RATINGS

Suitability to market: Good
Competitiveness of rate: Good
Flexibility: Good
Adviser remuneration: Good

Overall 8/10


Recommended

Merricks says cliam firms should join CMC

FOS chief ombudsman Walter Merricks says claim-handling firms dealing with endowment complaints should join the claims management council to demonstrate their commitment to proper standards before regulation comes into force.

Thumbnail

Case study: administration — implementing a management log

Our client is a leading video game and publishing company best known for its console role-playing game franchises. The client provides a number of benefits, at varying levels and cost that attract a P11d liability. With the absence of a management log to track data for benefit movements, enormous administrative and therefore cost implications were occurring each year just to comply with P11d reporting requirements.

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