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Mortgage Next – Platform Self-Certification Tracker Discount with Cashback

Type: Discounted rate self-cert tracker remortgage product

Discounted term: Two years

Discount: 1.4% in year one, 0.36% in year two

Tracker term: Life of loan

Tracker rate: Bank of England Base rate plus 0.35% in year one,
Bank of England base rate plus 1.39% in year two, Bank of England
base rate plus 1.75% thereafter

Payable rate: 4.1%

Minimum loan: £50,000

Maximum loan: Up to 85% of valuation subject to a maximum of
£300, 000, up to 75% of valuation subject to a maximum of £500,000
Income multiples: Up to 3.5 plus second or three times joint

Conditions: £300 cashback, overpayments of up to £1,000 allowed
without penalty

Arrangement fee: £395

Redemption fee: 5% of amount repaid in first two years, one month&#39s
interest or one month&#39s notice thereafter

Introducer&#39s fee: 0.6% of loan amount

Tel: 01883 333100


Fashion victims

A certain madness grips some people during times of great change. Some argue for a vision of the future so forcibly that others simply follow, repeating the vision over and over until it is accepted wisdom. At the time of polarisatIon it was like that, back in the late 1980s. The banks would begin to […]

Liverpool Victoria – With-Profits Income Bond

Type: With-profits bond Aim: Income by investing in equities, corporate bonds and propertyMinimum investment: Lump sum £10,000 Bonus rate: 4.25% Investment split: 30% equities, 30% corporate bonds, 40% property Allocation rates: £10,000-£49,999 &#45100%, £50,000-£99,999 &#45 125%, £100,000-£500,000 &#45 100.5% Charges: 0.085% a month management charge for first five years Commission: Subject to negotiation Tel: 0845 […]

Stamp duty change set to boost Muslim mortgages

Ahli United Bank is aiming to expand its network through distribution deals with brokers to cope with a boost in demand for Muslim remortgages after stamp duty changes. AUB is about to launch a deal with national broker franchise Mortgageforce to offer access to AUB&#39s range of Islamic mortgages. Under Islamic law, Muslims are forbidden […]

Clerical set to offer PI to IFAs early next year

Clerical Medical is planning to offer professional indemnity insurance to IFAs early next year. The move, which is subject to FSA approval, has been welcomed by advisers across the board. Clerical head of public relations Gordon McAra is reluctant to give details until the offering has been finetuned and given the go-ahead by the FSA. […]

Bonds going bust? Not so fast….

In recent months bond bears have been reinvigorated, and market commentary suggesting “the end of the bond (bull) market is near” has become commonplace. We think these comments are premature. Explaining the global government bond sell-off October has seen renewed pressure on global government bonds, initially provoked by a Bloomberg article suggesting that the ECB […]


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