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Santander -Two-Year Tracker

Santander -Two-Year Tracker

Type: Tracker mortgage

Tracker term: Two years

Tracker rate: 2.59% above the Bank of England base rate

Payable rate: 3.09%

Minimum loan: £6,000

Maximum loan: Up to 70% of valauiton subject to a maximum of £1m

Income multiples: Based on affordability

Conditions: Capital repayments of up to 10% a year allowed without penalty subject to a £500 minimum, free valuation up to £1,190, £250 cashback

Arrangement fee: None

Redemption fee: 2% of the amount repaid in the first two years plus repayment of £250 cashback if mortgage repaid on por before October 2, 2012, available direct and for home purchase only

Introducer’s fee: None



Colin Bell

The meaning of guarantees

The ’cost’ of guarantees is used as a stick to beat the industry but with reduced risk there must be reduced returns

Faltering start for Bolton’s China fund

Anthony Bolton’s Fidelity China special situations fund lagged its MSCI benchmark over its debut two months in net asset value terms, although its share price outperformed. From the launch of the fund on April 19 to June 30, the investment trust saw its NAV fall by 5.38 per cent while the share price declined by […]

Profits at Fortis UK fall 68%

Fortis (Insurance UK) has posted a pre-tax profit of £8.4m for the first half of the year, compared to a £26m profit for the same time in 2009. Fortis says its results were hit by industry wide issues such as the severe weather seen in January, poor private car market performance, and lower realised capitalised […]


IFS says Budget hits the poorest hardest

The Institute of Fiscal Studies has warned the first coalition Government’s Budget will hit the poorest families hardest. The think tank says the measures announced in June were “regressive” pointing to families with children being set to lose the largest proportion of their income due to benefit cuts announced by Chancellor George Osborne. The IFS […]

Simon Fletcher

Auto-enrolment: pay attention or pay the price

By Simon Fletcher

As a chief executive officer of a business in the financial services sector, I have been dealing with the introduction of auto-enrolment for our clients for some time, but I can also speak from an employer’s point of view, having to go through the process ourselves.


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