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Mortgage Express offers fees-free remortgaging

Mortgage Express is offering a fees-free remortgage deal on selected Buy-to-Let products.

The deal will be available through mortgage clubs and networks and offers free valuation and payment of legal fees when a Mortgage Express solicitor panel is used. Additionally, there is no completion fee on these products.

For a typical remortgage this deal equates to a saving of approximately £920.

The deal offers an initial tracker rate of 4.99 per cent, which is 0.51 per cent discount on Mortgage Express&#39 normal variable rate, bank base rate + 1.75 per cent. It is available for either a 3 or 5 year period, which is tied in for 3 and 5 years respectively.

Mortgage Express head of business development Tim Sturley says: &#39&#39We are pleased to offer this deal to our customers. It means that investors, such as those with portfolios, can remortgage an
unlimited number of properties, worth no more than £2 million &#45 at
no cost&#39&#39.

&#39&#39Intermediaries can now give their customers a much better deal, with no extra hassle – we will take care of valuation and solicitor&#39&#39 he adds.


Out of context

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Liverpool Vic freezes WP bonus rates

Liverpool Victoria is freezing the annual bonus rates on its unitised with-profits income and growth bonds. Until 2005, when they will be reviewed, the income bond&#39s rate will remain at 4.25 per cent while the growth bond&#39s will stay at 2.25 per cent. Liv Vic says the move demonstrates its financial strength.

Arc Fund Management – Arc EIS Fund 2

Type: Enterprise investment scheme Aim: Growth by investing in at least four unquoted companies at the early stage of development Minimum investment: Lump sum £2,000 Investment split: 100% unquoted companies Opening/closing date: January 2, 2004/April 3, 2004 Charges: Initial 2.5%, annual 0.5% Commission: Initial up to 3%, renewal 0.33% Tel: 020 7623 3345

Sarasin secures fund

Sarasin Investment Management has unveiled the Sarasin guaranteed portfolio, a capital protected fund linked to the Sarasin CI globalsar sterling balanced fund, which is a Guernsey-based unit trust. The underlying fund has a 16-year track record and invests globally in a combination of equities, bonds and cash. Its objective is to achieve capital growth with […]

Tax year-end planning for annual allowance

Last tax year-end there was a lot to think about in relation to planning. The introduction of the tapered annual allowance and the implications of moving to a fixed pension input period, the reduction in the lifetime allowance and potentially applying for protection, and the concern about changes to tax relief, to name a few. […]


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