View more on these topics

Nationwide three-year tracker

Nationwide three-year tracker

Type: Capped tracker

Tracker term: Three years

Tracker rate: Cap of 7.99% during the first two years.

Up to 75% LTV — Bank of England base rate plus 0.29%, 75-95% – BBR plus 0.39%, 90-95% – BBR plus 0.49%

Minimum loan: N/A

Maximum loan: £500,000. Larger loans subject to individual review

Income multiples: 3.5 times single

Arrangement fee: Non-refundable £150 reservation fee

Redemption fee: 3% of outstanding loan in year one. 2% inyear two, 3% in year three

Conditions: None

Introducer’s fee: Industry standard

Tel: Contact regional director

Recommended

Independent view

What price is independence under the new regime and what does it mean to be independent? CP121 throws up more questions than it answers.It is certainly not a consultation document but rather the shape of things to come. While we may question its rationale and be amazed that independent financial advice was not better understood, […]

Yorkshire is first mutual to offer an offset account

Yorkshire Building Society is claiming to be the first mutual to launch an offset account, combining borrowers&#39 mortgages and savings.It also claims its mutual status lets it offer more competitive rates than rivals.Yorkshire says, in contrast to most other offset accounts, its product offers fully flexible mortgage benefits, including underpayments and overpayments without penalty, daily […]

Exchange back-office deal will store IFA data on central system

The Exchange is setting up an IFA back-office system as a part of parent company Marlborough Sterling&#39s plan to offer straight-through processing for IFAs.The Exchange&#39s Officeweb system, which it hopes will challenge Misys&#39s Mi-Solution software, will be launched at the end of March.The service aims to solve IFAs&#39 technology problems by hosting all data on […]

Misys wants 3,000 IFAs for new loan network

IFA mega-network Misys is aiming to recruit 3,000 mortgage intermediaries to its new mortgage network by the end of the year.Misys Lending Services, which starts in April, will target the 4,500 members of Countrywide, Kestrel, IFA Network and Financial Options as well as former tied agents and intermediaries who want to enter the mortgage market.It […]

Inheritance tax and estate planning – exemptions and reliefs

By Kim Jarvis, technical manager with Canada Life’s ican Technical Services Team In this article we look at the main exemptions and reliefs that are available on death. Within the article, spouse also means civil partner.   Nil-rate band Under current rules, any part of the estate that falls within the available nil-rate band (NRB), […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment