View more on these topics

Precise Mortgages  – Home Owner Three Year Capped Tracker 6.29%

Precise Mortgages  – Home Owner Three Year Capped Tracker 6.29%

Type: Capped rate tracker mortgage

Tracker term: Until November 30, 2013

Tracker rate: 5.56% above Libor

Capped term: Until November 30, 2013

Capped rate: 9.29%

Payable rate: 6.29%

Minimum loan: £25,001

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

Income multiples: Based on affordability

Conditions: One default allowed in last 12 months up to £500 or one default allowed in the last 13-36 months up to £1,000, one CCJ in last 36 months up to £500, one month’s arrears allowed in the last 36 months but none allowed in last 12 months and payments must be up to date, mortgage  available only to borrowers with a clear credit record for 3 months prior to application available for properties in England and Wales on a repayment basis only, available through selected intermediaries

Arrangement fee: 1.5% of the original loan subject to a £2,295 minimum

Redemption fee: 3% in the first two years

Introducer’s fee: Up to 0.5%

Tel: 0800 116 4385


EU ministers agree £72bn Ireland bailout

European Union finance ministers have approved a £72bn bailout package for debt-laden Ireland, which will include a total UK contribution of £5.9bn. The ministers have also brought forward proposals for a permanent mechanism to deal with debt crises in the continent, in a bid to prevent it spreading into other peripheral nations like Portugal and […]


FSA finds no lack of integrity at RBS

The FSA has closed its investigation into Royal Bank of Scotland, saying while the bank made “bad decisions” they were not the result of a lack of integrity. The regulator says it did not identify instances of fraud or dishonest activity by RBS senior individuals or a failure of governance on the part of the […]

Providers to come under IMD scope

The European Commission has confirmed plans for insurance companies to be included within the insurance mediation directive. In an IMD consultation paper, released last week, the EC says the move is needed to create a level playing field. The idea was first floated during the consultation on Solvency II. The paper says : “The current […]

Debate point: Conservative MP Mark Garnier called for rethink on grandfahering and commission

MPs rail against RDR

MPs launched a sustained attack on the retail distribution review during this week’s parliamentary debate on the regulation of IFAs. In an unusually well attended backbenchers’ debate on Monday evening, heard by around 80 MPs, concerns were voiced over qualifications, grandfathering, regulatory cost and the impact of an advice gap. Treasury select committee member Conservative […]

In Focus Ebola cover - thumbnail

White paper — In Focus: Ebola Virus Disease

Jelf Employee Benefits focuses on Ebola Virus Disease (EVD) and what this means for businesses with operations in West Africa. This will be of particular interest to those with employees either travelling to, or living within, West Africa, the area affected by the most catastrophic outbreak of Ebola to date.


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