View more on these topics

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

reserves.

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.”

Recommended

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

Widows boosted by 25% increase in IFA business

Booming IFA business through Scottish Widows helped relieve the gloomof downbeat annual results from LloydsTSB.Widows&#39 sales last year via IFAs jumped by 25 per cent to£348.5m from £279.8m in 2001 on an equivalent premiumincome basis. The results mean Widows has increased its share of theIFA market from to 4.5 per cent from 3.8 per cent […]

Seaside

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

Technology provider Sirius Financial Systems and fund supermarketSelestia are teaming up to offer IFAs end-to-end processingcapabilities when using the software provider&#39s Swift system.IFAs using Swift will be able to access Selestia&#39s suite of onlinetools to create bespoke investment portfolios for their clients fromthe 336 investment funds Selestia offers.The deal also means Swift users will be […]

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 […]

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