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Legal & General Mortgage Club – ITL Mortgages 3.89% Term Tracker

Legal & General Mortgage Club – ITL Mortgages 3.89% Term Tracker

Type: Capped-rate tracker mortgage

Tracker term: Life of loan

Tracker rate: 3.39% above the Bank of England base rate

Payable rate: 3.89%

Capped term: Until January 31, 2013

Capped rate: 5.89%

Minimum loan: £16,000

Maximum loan: Up to 80% of valuation subject to a maximum of £500,000

Income multiples: Based on affordability

Conditions: Free legal fees and free valuation for remortgages on properties valued up to £600,000, not available for properties in Scotland and Northern Ireland

Arrangement fee: 1% of the original loan subject to a £999 minimum, plus £99 reservation fee

Redemption fee: 2% in year one, 1% in year two

Introducer’s fee: 0.3% of the original loan subject to a £150 minimum and £1,000 maximum

Tel: 01226 230504



MM Leader: Don’t damage pension market

The FSA’s latest RDR consultation paper contained welcome new thinking, although some concerns persist. The regulator has shown it is willing to listen to the industry in its relaxation of the definition of alternative assessments. Plans for oral assessments were always going to be unworkable and it is wrong to suggest that written examinations are […]

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(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.


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