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Platform – 4- Year Fixed Buy-To-Let

Platform – 4- Year Fixed Buy-To-Let

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until January 31, 2015

Fixed rate: Up to 70% of valuation – 5.49%, up to 65% of valuation – 5.39%, up to 60% of valuation – 4.99%

Minimum loan: £75,000

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 pay 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% of the original loan plus £140 admin fee

Redemption fee: 4% of the amount repaid in the first two years 3% in year three, 2% in year four

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

Tel: 0845 070 1999


Perspective Financial Group acquires sixth firm this year

IFA consolidator Perspective Financial Group has acquired Applewood Wealth Management, completing its sixth acquisition of 2010. Chester-based Applewood has two registered individuals and a total of 16 staff members. It has a turnover of approximately £1.7m a year, with funds under management of £90m. PFG says it expects at least two further acquisitions before the […]

Currensee opens Forex door to IFAs

Currensee, the social network for foreign exchange traders, has made the foreign exchange market available to IFAs and their clients through its trade leaders investment programme.


Bestinvest brands Jupiter as biggest ‘dog fund’ house

Bestinvest has slammed Jupiter as the worst fund manager by ‘dog assets’ under management, saying the firm has £2.62bn in poor-performing funds. The group says £13.3bn of UK retail investors’ money is now invested in poor funds in its latest spot the dog report, with the total number of dog funds in existence remaining at […]


RDR unlikely to see more people take advice

Much of the debate over RDR outcomes is whether more people will get access to advice. The proposals, as they exist, do not make this likely. As organisations grapple with the evolving requirements, more businesses will be in a position to offer advice and technology will continue to develop to enable greater engagement. The challenge […]


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