View more on these topics

Pink adds to 18-month range

The 18-month fixed rate mortgage from Pink Home Loans has a fixed rate of 3.45 per cent for the first 18 months for loans of up to 95 per cent of valuation.

The mortgage has an arrangement fee of £299, as well as a redemption penalty of 5 per cent of the advance for the first two years, falling to 4 per cent for years three and four and then 3 per cent for year five. Self-employed applicants must have three years of accounts and the mortgage is fully portable.

Mortgages that are fixed for 18 months are quite rare, Pink Home Loans offering three. The only other provider is Exclusive Connections, which offers a fixed rate mortgage with an interest rate set at 6 per cent for loans of up to 95 per cent of valuation.

According to Moneyfacts this latest Pink mortgage is the most competitive 18-month fixed rate mortgage on the market. The next most competitive mortgage is also from Pink Home Loans and has a fixed rate of 3.85 per cent until February 28, 2003 for loans of up to 95 per cent of valuation. After the fixed rate period it reverts to 1.75 per cent above the Bank of England base rate. It also has redemption penalties of 5 per cent in years one and two, 4 per cent in years three and four and 3 per cent in year five, as well as an arrangement fee of £299.

Recommended

Hedge trimmed from the top down

Odey Asset Management has introduced the Odey Latham global fund, anoffshore Oeic that uses hedging techniques. The fund aims to provide high returns with low volatility whatever theconditions of the stockmarket by applying long and short hedging techniquesto stock selection. Fund manager Mark Latham goes short by selling stockshe thinks are overvalued and long by […]

Skipton shares five ways

Skipton Building Society has introduced the second issue of its share tracker bond, which tracks the share prices of five blue-chip companies listed on the FTSE 100.The bond tracks the share prices of BSkyB, GlaxoSmithKline, Shell, Tesco and Vodafone over a two-year term and the return of investors&#39 original capital is guaranteed however the shares […]

MD for Aegon protection arm

Aegon has appointed Janet Wyles as managing director of its Individual Protection business. She has worked for ScotEq since 1993. From 1997 she has been part of Aegon’s group development team and has been working on the individual protection business from August 1999. AIP was launched in January 2001 as the manufacturing unit of individual […]

Axa Sun Life – With-profit Income Bond

Thursday, 9 August 2001. Type: With-profit bond. Aim: Income by investing in Axa Sun Life with-profit fund. Minimum investment: £5,000. Bonus rates: 6.25 per cent. Allocation rates: Investments over five years – £5,000-£14,999 – 100 per cent, £15,000-£24,999 – 101 per cent, £25,000-£49,999 – 102 per cent, £50,000 and above 102.5 per cent. Limited access […]

UK housebuilders remain a value trap – despite post-Brexit falls

By Mark Martin & Holly Cassell, Neptune UK Equities As investors continue to digest the UK electorate’s vote to leave the EU, Neptune’s Mark Martin and Holly Cassell explain why they believe housebuilders remain dangerously overvalued Click here to view full article Important information  Investment risks  Neptune funds may have a high historic volatility rating and […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com