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MarketPlace mortgage for first time buyers

The MarketPlace at Bradford & Bingley is launching a first time buyer mortgage that allows purchasers to include their parents&#39 income when calculating how much they can borrow. Funded by Bank of Ireland the product carries a two year 1.5 per cent discount giving a current pay rate of 4.29 per cent.

The mortgage is available for loans up to 95 pr cent LTV, no valuation fee and no redemption penalties beyond the discount rate period. The product carries an arrangement fee of £299, booking fee of £49 and a credit broker fee of 0.4 per cent of the loan value with a minimum of £200.

The MarketPlace mortgage development manager Elliott Nathan says: “With many parents having to physically find large amounts of cash to help their children with a deposit this product can offer a solution by allowing them to use their income to help secure a larger loan, preventing them from having to find all of that cash.”


Loan IFAs can use investment key features

Mortgage intermediaries will be allowed to use the same key features documents as those regulated for investment business, according to an FSA policy statement outlining the final rules for mortgage and general insurance regulation.Firms will be permitted to provide a key features document that complies with their investment business rules rather than a policy summary, […]

Legal & General – Capital Protection Plus 2

Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £500-no maximum, £7,000 Isa Term: Six years Return: Between 21% and 50% growth at end of term Guarantee: Original capital returned in full along with 21% growth regardless of performance of index Commission: Initial 3% Tel: 020 7528 […]

Means of life

Talking to advisers active in the field of long-term care, there is often uncertainty as to whether the definition of life insurance for the purpose of the local authority means test includes an investment bond. Indeed, some local authorities have sought to take investment bonds into account as assessable assets despite the fact that, strictly […]

Anglo Irish Bank – Capital Protected Bond Issue III

Type: Offshore guaranteed equity bondAim: Growth linked to the performance of the FTSE 100 index Minimum investment: Lump sum £10,000 Term: Five years and six months Return:Up to 100% growth at end of term Guarantee: Original capital returned in full regardless of the performance of the index Place of registration: Isle of Man Commission: Initial […]


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