View more on these topics

Skipton Building Society – 3-Year  5.49% Fixed Buy to Let – Direct

Skipton Building Society – 3-Year  5.49% Fixed Buy to Let – Direct

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until May 31, 2014

Fixed rate: 5.49%

Minimum loan: No minimum

Maximum loan: Up to 60% of valuation subject to a maximum of £500,000

Income multiples: Rental income must be at least 125% of the mortgage repayments

Flexible features: Overpayments, payment holidays, interest calculated daily

Conditions:  Capital repayments of up to 10% a year allowed without penalty in the fixed-rate period,  one free valuation  up to £610 and free legal fees for remortgages, up to five properties allowed within the Skipton group  within a total maximum of £1m, up to 10 properties allowed across all lenders

Arrangement fee: £1,250 completion fee plus £245 application fee

Redemption fee: 4% of amount repaid in the first three years

Introducer’s fee: None



Friends Life sees challenges ahead for corporate plans

Friends Life has admitted that the corporate pension market will be challenging as it looks to roll out a workplace savings offering by the end of the year. Corporate pension sales across the Resolution group, which incorporates BHA, Friends Provident and Axa’s UK life business, increased by 7 per cent to £330m in 2010 from […]

Blunder sees 83,000 Co-op customer details put online

A subsidiary of The Co-operative Group has been forced to issue an apology after an error led to data relating to 83,000 customers being published online, Money Marketing can reveal. The data related to funeral planning products offered by Co-operative Life Planning, which trades under the name The Co-operative Wills and Funeral Planning. An error […]


Pink and BDS networks to merge

Pink Home Loans and BDS will be merged into one network under the Pink Home Loans brand. Pink, which LSL Property Services bought for £1.59m in October, acquired BDS Mortgage Services in February 2008 All advisers will now come under the Pink banner. The BDS brand will be kept as a packager, carrying out front-end […]


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