View more on these topics

Platform – 1- Year Fixed Buy-To-Let

Platform – 1- Year Fixed Buy-To-Let

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until January 31, 2012

Fixed rate: Up to 70% of valuation – 4.79%, up to 65% of valuation – 4.69%, up to 60% of valuation – 4.29%

Minimum loan: £25,001

Maximum loan: Up to 70% of valuation subject to a maximum of £500,000

Income multiples: Rental income must be at least 125% of the mortgage repayments calculated at the reversionary rate, currently 4.5% above the Bank of England base rate

Conditions: Overpayments of up to £1,000 a month allowed without penalty in the fixed-rate period, free legal fees for remortgages, not available for properties in Northern Ireland, up to three properties allowed within a total maximum of £1m, £30 admin fee if buildings insurance is not arranged through Legal & General, available to selected distribution partners

Arrangement fee: £2,495 plus £140 admin fee

Redemption fee: 2% of the amount repaid in the first year

Introducer’s fee: 0.45% subject to a £2,250 maximum

Tel: 0845 070 1999


Profits at Barclays UK banking arm up 20%

Barclays UK retail banking arm has posted a 20 per cent rise in pre-tax profits for the first nine months of  the year from £610m to £734m. The profit includes a £100m gain on the acquisition of Standard Life Bank, which transferred to Barclays in January this year. Gross new lending for UK mortgages and […]

Watch out for the quiet ones

There seems to be a strong tendency for UK investors to write off their own stockmarket and economy very quickly. Perhaps it is because we are so close to it and see the damage that politicians on all sides do – so why would we invest? Yet despite the politicians and bureaucrats, many UK companies […]

Guessing game as FSA keeps cap-ad clarity in reserve

The FSA’s lack of clarity on capital adequacy requirements is creating an air of uncertainty and means IFAs have less time to build up the necessary reserves, the industry has warned. It has been over three years since the FSA first published a review into the prudential rules for personal investment firms and a year […]


Which? gains FSA approval for mortgage advice service

Which? has been given FSA approval to launch a mortgage advice service for its members and their family and friends. The service, which is free for Which? members, will launch later this month and will look at every mortgage from every available lender, including direct-only mortgages. Which? mortgage advisers will not get any personal commission […]

Rayner Spencer Mills: Why we rate the Artemis Global Growth Fund

Ken Rayner and Graham O’Neill from RSM explain why they rate the fund, its investment process and how it can be used in a portfolio. The Artemis Global Growth Fund became a RSM ‘rated’ fund earlier this year. In this video, Ken Rayner and Graham O’Neill explain the fund’s investment approach, why they rate it, […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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