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Platform – Mainstream Two-Year Fixed Rate

Platform – Mainstream Two-Year Fixed Rate

Type: Fixed-rate mortgage

Fixed term: Until July 31, 2012

Fixed rate: 5.29%

Minimum loan: £25,001

Maximum loan: Up to 80% pf valuation subject to a maximum of £750,000

Income multiples: Based on affordability

Conditions: One free valuation, free standard legal fees for remortgages

Arrangement fee: £855 plus £140 admin fee

Redemption fee: 2% of the amount repaid in year one, 1% in year two, thereafter 1% of the amount repaid or one month’s notice

Introducer’s fee: 0.35% of the original loan subject to a £3,500 maximum

Tel: 0845 070 1999


Towergate plans to refinance debt

Towergate Finance has announced a £665m revenue-raising plan to help refinance the existing debt of parent company Towergate Partnership. The offer is for £365m senior secured notes due to pay out in 2017 and £300m senior notes due in 2018.

Don’t rule out a 25 per cent correction

A fall in the stock markets of 25 per cent is not out of the question, writes Paul Warner, investment director at Minerva Fund Managers I am sure, as are many of my asset manager peers, that the stock markets are about to suffer a correction. What cannot be accurately predicted is how far the […]

Guernsey Qrops plans New Zealand scheme

Qualified recognised overseas pension scheme adviser Global Qrops says Guernsey Qrops providers may look to establish New Zealand schemes in the coming months to offer expatriates greater flexibility. HM Revenue & Customs pension regulations require Qrops established in certain jurisdictions to use at least 70 per cent of the fund to provide income for life […]


Schroders aims for income maximiser hat-trick

Schroders managing director of UK intermediary business Robin Stoakley says the company is looking at launching a third income maximiser fund, with the US and Europe two potential targets. Schroders currently has the £611m UK income maximiser, launched in November 2005, and its Asian maximiser is pending. Head of structured fund management Thomas See manages […]

The investment clock

While Trump blazes blond in the political foreground, it’s easy to overlook the economic background to the new political dimension of 2017. Political risk will be a feature of the year: the unpredictable and untested Trump administration has already created uncertainty, which is unlikely to diminish, especially if protectionist rhetoric starts to outweigh promises of […]


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