RBS Intermediary Partners
4 Year Fixed Shared Equity
Type: Fixed-rate shared equity mortgage
Fixed term: Until August 31, 2013
Fixed rate: 6.29%
Minimum loan: £25,000
Maximum loan: Up to 85% of valuation subject to a maximum of £1m
Income multiples: Based on affordability
Conditions: Capital repayments of up to 10% a year allowed without penalty
Arrangement fee: £199
Redemption fee: 4% of the amount repaid in year one, 3% in year two, 2% in year three, 1% in year four
Introducer’s fee: Refer to lender
Tel: 08459 00 11 10
The FSA is to consult on a proposal requiring firms to publish their own complaints data.
Liberal Democrats Shadow Chancellor Vince Cable’s early day motion calling for the Government to pay compensation for Equitable Life victims has received 300 signatures from cross-party MPs.
The Government has revealed that it will be investigating the process of unregulated firms buying distressed mortgage books.
I am more positive about the future of the protection industry than I can remember being for some time. This surge in optimism is not just a pleasant symptom of my general summer joie de vivre – 10 days in the Dordogne beckon – but is a result of several factors.
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