View more on these topics

Leeds & Holbeck Building Society – Non-Conforming Two Year Fixed Rate

Leeds & Holbeck Building Society

Non-Conforming Two Year Fixed Rate

Type: Fixed-rate adverse credit mortgage

Fixed term: Until August 1, 2007

Fixed rate: Light impaired 6.25%, medium impaired 6.4%, heavy impaired 6.55%

Minimum loan: 25,000

Maximum loan: Up to 75% 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

Conditions: Light impaired up to 3,000 in CCJs but none in last six months, up to two missed payments in last 12 months, bankruptcy and IVAs not acceptable, medium impaired up to 6,000 in CCJs, up to three missed payments in last 12 months, bankruptcy and IVAs acceptable if discharged for over one year, heavy impaired up to 10,000 in CCJs, up to four missed payments in last 12 months, bankruptcy and IVAs acceptable if discharged for over one year, free mortgage payment protection insurance for six months

Arrangement fee: Loans up to 500,000 495, loans above 500,000 negotiable

Redemption fee: 6% of amount repaid in year one, 5% in year two

Introducers fee: Refer to lender

Tel: 01543 418104

Recommended

NU Boosts policies after charge error

Norwich Union will be refunding 70,000 unit linked fund policyholders after discovering not all its charges were correctly disclosed. The move will see policyholders given an increase in their policy value averaging 90. NU will be writing to customers in the next three months to advise them of the refund and when their policy value […]

Bond managers react to GM and Ford downgrade

Investec Sterling Bond Fund managers Anna Lees-Jones and Harsha Patel say the downgrading of GM and Ford from investment grade to high yield by Standard & Poors highlights the need for radical change at the firms. Lees-Jones and Patel say the companies have been in need of a wake-up call, as their spiralling healthcare costs […]

Chasers hit Pru hurdle

Endowment complaint firms have had a bit of a bruising recently, which is ironic since they are the ones who are chasing the ambulances.

Consumer debt breaks 1 trillion barrier

Personal bankruptcies are at their highest for 40 years, according to Department for Trade and Industry figures released this week.The DTI reveals Q1 figures showing 13,229 individual insolvencies so far this year, largely due to irresponsible lending and carefree spending. The figure was up 28 per cent on last year, and is the highest quarterly […]

What triggers the MPAA?

Jim Grant – Senior Product Insight & Technical Support Analyst There’s sometimes confusion around what triggers the money purchase annual allowance. Find out what does and what doesn’t trigger the MPAA. The money purchase annual allowance (MPAA) is a reduced annual allowance that can apply to contributions to defined contribution (DC) schemes. The following table […]

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