View more on these topics

Legal & General – Buy-To-Let Flexi Variable Discount

Monday, 8th January 2001.



Type: Discounted rate flexible buy-to-let mortgage.

Discounted term: Three years.

Discount: 1 per cent in year one, 0.75 per cent in year two, 0.5 per cent in year three.

Payable rate: 6.74 per cent in year one, 6.99 per cent in year two, 7.24 per cent in year three.

Minimum loan: £25,001.

Maximum loan: Up to 70 per cent of valuation subject to a maximum of £500,000, 71-75 per cent of valuation subject to a maximum of £400,000.

Income multiples: Rental income must be at least 130 per cent of monthly mortgage interest.

Features: Overpayments, payment holidays, lump sum withdrawal, interest calculated daily.

Arrangement fee: £150.

Redemption fee: Three per cent of original loan in year one, two per cent in year two, one per cent in year three.

Conditions: £400 cashback. Minimum income £15,000.

Introducer&#39s fee: 0.35 per cent of advance.

Tel: 0870 0100338.

 

Recommended

CBI and BCC call for rate cut

Fears of a collapse in business confidence have spurred the Confederation of British Industry and the British Chamber of Commerce to call on the Bank of Interest to cut interest rates this week. The CBI and BCC are calling for a 0.25 per cent cut in UK rates, following the surprise cut in the US […]

Dynamic fund for Merrill

MERRILL LYNCHUK DYNAMIC FUNDType: Unit trust.Aim: Growth by investing in FTSE 100 shares andmedium and small companies.Minimum investment: Monthly £50, lump sum £1,000.Investment split: Minimum of 60 per cent in FTSE 100shares, 40 per cent in medium and small companies.Isa link: Yes.Pep transfer: Yes.Charges: Initial 5.25 per cent, annual 1.5 per cent.Commission: Initial 3 per […]

CA wants Govt probe of Axa orphan assets case

The Consumers&#39 Association is calling on Chancellor Gor don Brown to take the FSA to task over its handling of the Axa orphan assets case. Axa won its High Court battle against policyholders who had demanded a higher proportion of its inherited estate. The CA is waiting for an explanation of the ruling before deciding […]

1

A question of cost

As the 21st Century really gets started (the year 2000 having really been the last year of the 20th Century), it is an ideal time to think about what will be the characteristics of the successful 21st Century adviser. Whatever the result of the current review on polarisation, one thing we do know is that […]

Changes to early exit pension charges

In November last year, the FCA announced that from 31 March 2017, early exit pension charges will be capped at 1% for those customers who are eligible to access their retirement savings from age of 55. The rules also state that for new personal pension plans started after that date, or on new increments into […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment