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L&G offering fixed rates and discounts on new BTL range

Legal & General Mortgages is launching four buy-to-let flexible

mortgages offering borrowers discount and fixed-rate options.

There are three fixedrate loans. The first is fixed for two years at

5.35 per cent, the second is a fiveyear fix at 5.59 per cent and the

third is fixed at 5.74 per cent for 10 years.

Early repayment char-ges are 2 per cent of the amount borrowed during

the fixed period on full redemption.

On the discount side, the stepped buy-to-let loan has consecutive

discounts of 1 per cent, 0.75 per cent and 0.5 per cent in each of

the first three years off the current standard variable rate of 5.74

per cent.

An early repayment charge of 1 per cent of the amount borrowed will

be payable during the threeyear discount period on full redemption.

The flexible features of the loans include overpayments,

underpayments, payment holidays and reborrowing from built-up


L&G will pay a procuration fee of 0.35 per cent of the loan.

PR manager (housing) Peter Timberlake says: “We now offer a maximum

loan of £250,000 per property up to a maximum of £1m per

portfolio, with no limit on the number of properties.”


Teather & Greenwood – Childcare Corporation 6

Tuesday, 18 February 2003 Aim: Growth by investing in children&#39s day nurseries Minimum investment: Lump sum £2,000 Opening/closing date: January 28, 2003/April 4, 2003 for 2002/2003 tax year, May 30, 2003 for 2003/2004 tax year Charges: Implicit Commission: Initial 2.5% Tel: 020 7426 3204

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You might imagine that as the Perfect Storm of Q1 2003 continues to rip through the investment industry with devastating force, few players would put on their waterproofs and go out into the sodden landscape with Isa consumer campaigns.You would be right up to a point. Quite a few players are conspicuous by their absence. […]

Swift solution for Selestia

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The savvy consumer

In last year’s FCA thematic review of the mortgage market, one of the key things highlighted was the “savvy consumer”. That’s the client who comes in the door with a very clear idea of what they need and expect you to get them it. They don’t think they need advice, they have after all consulted […]


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