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Kensington Mortgage Company – Two Year Capped Tracker 60% LTV

Kensington Mortgage Company – Two Year Capped Tracker 60% LTV

Tracker term: Until August 31, 2013

Tracker rate: 2.29% above Libor

Payable rate: 3.14%

Capped term: Until August 31, 2013

Capped rate: 4.79%

Minimum loan: £25,001

Maximum loan: Up to 60% of valuation subject to a maximum of £500,000

Income multiples: Based on affordability

Conditions: Available only for properties in England and Wales

Arrangement fee: £999

Redemption fee: 5% of the original loan in the first two years

Introducer’s fee: 0.4% of the original loan

Tel: 0800 111020



US uses UK ‘light touch’ regulation as warning

US Treasury secretary Tim Geithner says the tragic ending to the UK’s experiment with light touch regulation should serve as a warning to countries currently overhauling their regulatory regimes. According to a report in the Guardian, at a speech at the International Monetary Conference in Atlanta he urged countries to avoid a “race to the […]

Standard Life appoints Paul Matthews as UK chief executive

Standard Life has appointed Paul Matthews as chief executive of its UK business. Matthews, who was previously UK take to market director for the provider, replaces group chief executive David Nish in the role. Nish has held the position since January 2010. He will now focus on group strategy. Nish says: “Paul is a strong […]

Jelf gets back in profit

Jelf Group made a profit of £800,000 in the six months to March 31, following a loss of £1.2m in the same period the previous year. The independent consultancy firm’s interim results, published this week, show financial planning revenues fell by 11 per cent to £3.9m in the six months to March 31, down from […]


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