View more on these topics

Northern Rock Intermediaries – 2-Year Everyday Fixed – Remortgage

Northern Rock Intermediaries – 2-Year Everyday Fixed – Remortgage

Type: Fixed-rate remortgage

Fixed term: Until April 1, 2012

Fixed rate: Loans up to 85% of valuation – 6.69%, up to 80% of valuation – 5.39%, up to 75% of valuation  – 4.09%, up to 70% of valuation – 3.59%

Minimum loan: None

Maximum loan: Up to 85% of valuation subject to a maximum of £500,000, up to 80% of valuation subject to a maximum of £1m

Income multiples: Up to 4.5 times principal income plus second or 4.2 rimes joint

Conditions: Capital repayments of up to 10% a year allowed without penalty, payment holidays for up to three months, free basic valuation, free standard legal fees

Arrangement fee: £995

Redemption fee: 4% of the amount repaid in the first two years

Introducer’s fee: Refer to lender



Golden opportunity

The baby boomers are entering their sixties and becoming the golden agers and investors are looking to tap into this rich seam. James Smith reports


Sense of direction

Financial Services Skills Council head of careers and higher education Jenny Barber explains how new initiative Directions is aiming to give new finance industry recruits the knowledge they need to make informed career decisions

FSA ban over mixing premiums with company cash

The FSA has banned Bridgewater House UK director Matthew Sixsmith from holding senior positions in the financial services industry after failing to separate clients’ premiums from the firm’s capital, which cost clients almost £85,000.


News and expert analysis straight to your inbox

Sign up


    Leave a comment