View more on these topics

Norwich & Peterborough – Five Year Fixed Offset Mortgage

Norwich & Peterborough

Five Year Fixed Offset Mortgage

Type: Fixed-rate offset mortgage

Fixed term: Five years

Fixed rate: 5.44%

Minimum loan: 50,000

Maximum loan: Up to 90% of valuation subject to a maximum of 500,000, up to 85% of valuation subject to a maximum of 1m, up to 80% of valuation subject to a maximum of 2m

Income multiples: Based on affordability

Flexible features: Underpayments, overpayments, payment holidays, lump sum withdrawals, interest calculated daily, offset facility

Arrangement fee: 475

Redemption fee: 5% of mortgage balance first three years, 4% in year 4, 3% in year 5

Introducers fee: 0.25% of original loan subject to a 125 minimum and 1,000 maximum

Tel: 0845 300 3444


Estate protection

IHT planning is becoming increasingly complex but clients should be offered the option of taking cover for the liability

Canada Life rejigs group protection

Canada Life is revamping its group income protection products by simplifying the maximum benefit formula, improving free cover limits and removing HIV/Aids exclusions.

Equities Excel

The latest IMA retail sales figures show that equities out-stripped bonds last December by more than two to one and, with the tide of investor sentiment turning against fixed interest, many are predicting another good year for equities.

Claim-chaser backs down on watchdog fee threat

An endowment claim-chaser company which has been reported to trading standards authorities by Aifa over high-pressure tactics designed to get advisers to pay compensation has backed down after pressure from angry IFAs. Aifa reported Lower Cost Complaints to trading standards bodies for using the threat of the Financial Ombudsman case fee and additional costs to […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment