View more on these topics

Northern Rock offer three and six year fixed rates

Northern Rock


Type: Fixed rate mortgages offering a choice of redemption penalty options.

Fixed terms: Until January 1, 2001 or 2004.

Fixed rates: Option one – 4.59 per cent and 5.89 per cent respectively, option two – 6.59 per cent or 6.39 per cent respectively.

Minimum loan: New purchases – none, remortgages – £25,001.

Maximum loan: Up to 95 per cent of valuation subject to a maximum of £250,000.

Income multiples: Loans up to 75 per cent of valuation – 3.25 times principal income plus second or 2.5 times joint or loans up to 95 per cent of valuation – three times principal income or 2.5 times joint.

Arrangement fee: 1 per cent of loan.

Redemption fee: Option one – two year – 5 per cent in years one to four reducing to 3 per cent in year six and nil thereafter, five year – 5 per cent in years one to five, reducing to 3 per cent in year seven and nil thereafter. Option – two year – 3 per cent in first two years, five year – 5 per cent in first five years.

Conditions: Compulsory buildings and contents insurance otherwise 0.35 per cent added to rate.

Introducer&#39s fee: Negotiable.

Tel: 0845 605 0500.


Lazard offers fund of funds transfer Pep

PEPSLazard Asset ManagementLAZARD ACTIVE TRANSFER PEPAim: To provide capital growth and/or income through investment on a fund of funds basis.Minimum investment: £10,000.Investment choice: Lazard income portfolio trust or growth portfolio trust.Yield: Growth – 0.5 per cent, income – 3.1 per cent also on income portfolio choice of capital withdrawals at 2.5 per cent, 5 per […]

Killik urges move to blue chips

Killik & Co is advising investors to check the quality of their share holdings and to buy defensive stocks.In its monthly report, it says: &#34Buying in dips, especially in blue chip stocks which have strong fundamentals and which have seen their high rating drop towards fairer levels, should yield long-term benefits.&#34The firm also advises investors […]

Grip offers Equality

ASU MORTGAGE PROTECTION PLANSGripEQUALITYType: Income protection contract providing protection in the event of unemployment or disability irrespective of age, gender, sexuality or occupation.Maximum benefit: Up to £2,500 a month.Benefit payment term: 12 months.Deferred period: 30, 60 or 90 days.Premium: £2.75 per £100 of monthly benefit.Commission: 20 per cent of monthly premium.Tel: 0171 264 2012.

A&L caps for three and five years

Alliance & LeicesterCAPPED RATE MORTGAGESCapped terms: Until October 1, 2001 or 2002.Capped rates: Three year – loans up to 80 per cent of valuation – 6.35 per cent, loans up to 90 per cent of valuation – 6.5 per cent or loans up to 95 per cent of valuation – 6.6 per cent. Four year […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment