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Leek United Building Society – 3-Year Tracker

Leek United Building Society – 3-Year Tracker

Type: Tracker mortgage

Tracker term: Three years

Tracker rate: 2,29% above the Bank of England base rate

Payable rate: 2.79%

Minimum loan: £30,000

Maximum loan: Up to 75% of valuation subject to a maximum
of £500,000

Income multiples: Based on affordability

Conditions: Capital repayments of up to 10% a year allowed
without penalty in the tracker period, valuation fee
refunded for properties valued up to £500,000, £250
cashback, available direct and through intermediaries

Arrangement fee: £99

Redemption fee: 3% of the amount repaid in the first three

Introducer’s fee: Refer to lender



Swip launches currency alpha fund

Scottish Widows Investment Partnership has launched a new currency fund under the management of currency investment director Roddy Macpherson. The fund will offer exposure to portfolio of developed market currencies, such as sterling cash assets. The fund will be denominated in sterling but will have the ability to add euro share classes. The currency fund […]

RWC launches currency fund

RWC Partners has launched a Ucits III enhanced absolute rate and currency fund for Peter Allwright and Stuart Frost. Allwright and Frost joined RWC Partners in October last year from Threadneedle, where they co-managed the Threadneedle target return, absolute return bond and macro crescendo trading funds. Their approach involves core allocations to short duration, high-grade […]


UK inflation rises to 3.7 per cent

The UK consumer prices index has risen to 3.7 per cent in December, its highest rate in eight months, according to the Office for National Statistics. The rate is up from 3.3 per cent in November 2010, while the retail prices index rose from 4.7 per cent to 4.8 per cent. The hike comes amid […]

Santander slams FSA income rules

Santander UK chief executive Ana Patricia Botin says the FSA’s proposals on income verification would affect the bank’s ability to be a “challenger” to the biggest UK banks. In the mortgage market review, the FSA is proposing lenders ensure customers can afford their mortgage by checking their income and expenditure, whereas currently intermediaries are responsible […]


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