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Mansfield Building Society launches three year discount

The Mansfield Building Society has launched a new three year discounted mortgage scheme available on residential owner occupied property in England and Wales up to a maximum loan to value of 90 per cent.

The standard variable interest of 6.73 per cent is discounted by 1.75 per cent for three years resulting in an initial payable rate of 4.98 per cent.

For house purchases, the product is subject to a processing fee of £40 and the cost of a basic valuation fee is refunded when the mortgage funds are released up to a maximum of £400. No up front fees are payable for remortgage applications.

Product manager Pete Doherty says: “This product is ideally suited to potential borrowers looking to reduce outgoings for a full three years. The &#39Fee Free&#39 remortgage element will be particularly attractive to many borrowers who want the benefit of a discounted interest rate without moving house.”


Sesame says companies with right business mix will be targeted for multi-tie

Sesame will not allow members to multi-tie unless they can prove their businesses are up to scratch. The mega-network says it will be targeting firms for multi-tie that it believes have the app-ropriate mix of business and client bank but it will turn away firms if it does not feel their business model delivers what […]

Sharp increase in online business – GMAC-RFC

Ninety eight per cent of all intermediaries are conducting at least some of their business online and nearly half of those questioned stated that they had seen their on-line activities more than double, according to new research from GMAC-RFC. Ninety four per cent of intermediaries reported their online business increasing in the last year, with […]

Mortgage Trust – Fixed Rate Buy-to-Let

Type: Fixed-rate buy-to-let mortgage Fixed term: Until December 31, 2005 Fixed rate: 5.95% Minimum loan: £30,000 Maximum loan: Full status &#45 Up to 85% of valuation subject to a maximum of £250,000, up to 80% of valuation subject to a maximum of £500,000, up to 75% of valuation subject to a maximum of £1m, up […]

Bad times for good firms

It is in this spirit that I write this as an open letter to ask you to consider an important and pressing issue currently facing all independent financial advisers regardless of their size. I refer to the ever increasing burden of the Financial Services Compensation Scheme levy. “No taxation without representation” has been both a […]

Creating opportunity out of change

By Denise Wond, marketing manager The buy-to-let market has recently been the subject of a raft of tax changes, all of which make it a less profitable and less appealing proposition for investors. In response, we’ve seen a dip in demand for BTL mortgages and that’s bad news for many advisers who will now be looking […]


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