View more on these topics

Mansfield Building Society – 3-Year Discounted-Rate Buy-To-Let

Mansfield Building Society – 3-Year Discounted-Rate Buy-To-Let

Type: Discounted- rate buy-to-let mortgage

Discounted term: Three years

Discount: 1.79%

Payable rate: 3.8%

Minimum loan: £35,000

Maximum loan: Up to 70% of valuation subject to a maximum of £300,000

Income multiples: Rental income must be at least 130% of the monthly mortgage interest calculated at the pay rate

Conditions:  Capital repayments of up to 10% a year allowed without penalty in the discount period, available direct and through intermediaries, available for properties in England and Wales, up to five properties allowed within a total maximum of £500,000

Arrangement fee: £799

Redemption fee: 3% of the original loan in the first three years

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

Tel: 01623 676360

Recommended

Accord strikes the right note

Accord Mortgages has launched a new range of mortgages that are available up to 85 per cent of valuation to a maximum of £150,000.

Treasury U-turns on scrapping pensions compensation relief

The Government has abandoned plans to scrap tax-relief for compensation payments related to pension misselling. A Treasury consultation, published in June, proposed removing the relief in the Finance Bill 2012. Under current rules, compensation payments made in connection with personal pensions that were missold between 1988 and 1994 are not subject to income tax or […]

Aegon UK appoints Philip Easter as non-exec chairman

Aegon has appointed former Aviva director Philip Easter as non-executive chairman of the Aegon UK insurance companies board. Easter takes over the role from Bill Shannon, who will step down at the end of this year to focus on other non-executive roles. Aegon UK chief executive Adrian Grac0 (picture) says: “Philip’s experience of leading business […]

£40M bill for HSBC misselling

The FSA has fined HSBC £10.5m for misselling investment products to elderly customers through its long-term care advice arm Nursing Homes Fees Agency.HSBC estimates a further £29.3m will be paid to NHFA customers in compensation. Between July 2005 and July 2010, 2,485 NHFA customers were advised to invest in asset-backed investment products, typically investment bonds, […]

China’s economic bounce may already be over

By Mike Riddell (17 May 2016) Most people would explain the rally in global risky assets since mid-February as being primarily down to the spectacular volte-face from the Federal Reserve, where Janet Yellen (and others) dramatically toned down their narrative that the Fed would be hiking rates as many as four times in 2016. This explanation […]

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