View more on these topics

PMS – Marsden Building Society 6-Year 5.89% Fixed Buy-To-Let

PMS – Marsden Building Society 6-Year 5.89% Fixed Buy-To-Let

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until June 30, 2016

Fixed rate: 5.89%

Minimum loan: £30,000

Maximum loan: Up to 75% of valuation subject to a maximum of £300,000

Income multiples: Rental income must be at least 130% of the mortgage repayments calculated at the Society’s Buy-To-Let Standard Variable Rate

Conditions: Capital repayments of up to 5% a year allowed without penalty in the fixed rate period, free valuation for loans up to £500,000 in total, free legal fees for remortgages above £75,000 where the Society’s solicitor is used, £95 legal fees payable for remortgages under £75,000 where the Society’s solicitor is used, up to three properties allowed within a total maximum of £900,000, available to selected intermediaries

Arrangement fee: 1% of the original loan plus £299 booking fee

Redemption fee: 6% of the amount repaid in the first two years, 5% in year three, 4% in year four,
3% in year five, 2% in year six

Introducer’s fee: 0.25% of the original loan subject to a £500 maximum



Higher ground

Tax savings can be made by donating to charity both in terms of income tax and capital gains tax. With the introduction of the additional rate of tax at 50 per cent on income of more than £150,000 and a reduction in personal allowance of £1 in every £2 of income earned over £100,000, people […]


Slattery sets up new group for women IFAs

Monetary Solutions Limited director Vivian Slattery has set up a new group of female financial advisers which aims to promote the standing ofwomen in the industry. The Woman Adviser and Broker Group aims to offer support to female advisers and is being backed by Fidelity Funds Network. It will launch on October 5 and follows […]

Is Australia still right for Qrops?

Davies’ VIEW Although qualifying recognised overseas pension schemes were arguably born Down Under, we may now be seeing a swing away from funds being transferred to Australia. One of the final actions watched over by Australia’s last government was to abolish the foreign investment fund legislation. The FIF regime demanded tax on permanent resident’s pension […]

Pensions - thumbnail

Preparing for the changes to the pensions market

As more and more providers start to reveal their stance on the charge cap and removal of commission and active member discount pricing, we thought it would be worthwhile to look at what these are, and the steps businesses should be taking to prepare for this.


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