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Platform – Mainstream 4-Year Fixed

Platform – Mainstream 4-Year Fixed

Type: Fixed-rate mortgage

Fixed term: Until January 31, 2015

Fixed rate: Up to 80% of valuation – 4.89%, up to 75% of valuation – 4.39%, up to 70% of valuation – 4.19%, up to 65% of valuation – 3.99%

Minimum loan: £25,001

Maximum loan: Up to 80% of valuation subject to a £500,000 maximum, up to 70% of valuation subject to a maximum of £750,000, up to 60% of valuation subject to a maximum of £1m

Income multiples: Based on affordability

Conditions: Free valuation and free legal fees for remortgages

Arrangement fee: £1,495 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: 0.35% of the original loan

Tel: 0845 070 1999


Extra Equitable Life payments bill defeated

Ten thousand Equitable Life policy holders who annuitised before 1992 will not receive compensation after a proposed amendment to include them in the Government’s compensation package was defeated. Tabled by Labour MP Fabian Hamilton, the amendment was defeated by 301 votes to 76. Treasury financial secretary Mark Hoban said Equitable Life paid out more to […]

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 […]

DWP rejects pan-European pensions regulation proposal

Pensions minister Steve Webb has rallied against EU Commission proposals to establish a “one size fits all” regulatory system across the European Union. The Green Paper, unveiled earlier this year, asks if a new solvency regime similar to Solvency II in the insurance sector should be introduced for occupational pensions. The suggestion led to concern […]


Towry transfers missing Newton dividends

Many former Edward Jones clients who are transferring away from Towry have not received dividends from their investments in Newton higher-income funds for over two months. Many of the clients who are affected are retired. Some have not received their quarterly payments for August from the Newton global higher-income and higher-income funds. These were two […]


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