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L&G produces step by step guide for homeowners

Legal & General is producing a guide for homeowners aiming to explain Government legislation on sellers packs which is due to come into force in 2005.

The guide explains in three steps what sellers will have to do before they put their home on the market so that they can smooth the house selling process.

The first step according to the life office is to get a mortgage agreement in principle before househunting. This step will help househunters know how much they can afford to spend on a new home and when they have found a property it will also help to facilitate a formal loan offer quicker.

The second step is to prepare for the legal work needed when buying the property. As part of this step L&G is offering movers, concerned about the costs incurred if their sale falls through, conveyancing on a free fees basis if such an event occurs.

The third step is to protect the home move. L&G says that because nothing is guaranteed until contracts are exchanged, it will offer buyers and sellers protection insurance to cover the costs incurred if the deal falls through due to adverse survey, death gazumping or job loss.


Scarborough Building Society – Flexible Lifetime Discount Plus Refunded Valuation Fee

Thursday, January 3, 2002.Type: Discounted rate flexible mortgage.Discounted term: Term of loan.Discount: 1.34 per cent.Payable rate: 4.65 per cent.Minimum loan: £15,000.Maximum loan: Up to 95 per cent of valuation subject to nomaximum.Income multiples: Three times principal income plus second or 2.5times joint.Features: Underpayments, overpayments, payment holidays.Arrangement fee: None.Redemption fee: None.Conditions: Valuation fee refunded on completion.Introducer&#39s […]


Canada Life International extends fund range

Canada Life International is adding seven external fund links to its range of offshore bonds. The seven, all from JP Morgan Fleming Asset Management, brings CLI total external links to over 80 from 11 fund managers. The funds include the JPMF premier equity growth , UK dynamic, European smaller companies, FF-Eastern European, FF-US strategic value, […]

Genesis Home Loans – Genesis Sapphire Fixed

Friday January 4, 2002 Fixed term: April 1, 2003. Fixed rate: 7.24 per cent. Minimum loan: £25,001. Maximum loan: Loans of up to 60 per cent of valuation subject to a maximum of £400,000, 61 – 75 per cent subject to a maximum of £250,000. Income multiples: 3.75 times principal income plus second or 3.25 […]

Henderson Global Investors – Horizon Pan European Equity Fund

Friday, January 4, 2002.Type: Sicav.Aim: Growth by investing in European companies.Minimum investment: $2,500.Place of registration: Luxemburg.Investment split: 100 per cent in European companies.Isa link: No.Charges: Initial A shares 5 per cent, annual 1.2 per cent.Commission: Initial 3 per cent.Tel: 0800 881144.


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