View more on these topics

Skipton Building Society – Buy-to-Let Mortgage

Type:
Stepped discounted-rate buy-to-let mortgage

Discounted term:
Three years

Discount:
1.34% in year one, 0.75% in year two, 0.25% in year three

Payable rate: 4.75%

Minimum loan:
£25,000

Maximum loan:
Up to 80% of valuation subject to a maximum of £450,000, up to 75% of valuation subject to a maximum of £1m

Income multiples:
Rental income must be at least 150% of mortgage repayments

Flexible features:
Overpayments, payment holidays, interest calculated daily

Conditions:
Capital repayments of up to 10% a year allowed without penalty

Arrangement fee:
£399

Redemption fee:
2% of mortgage balance in years one and two, 1% in year three

Introducer&#39s fee: Subject to negotiation

Tel: 0845 850 1711

Recommended

Eagle is not only MVA offender

Further to Julian Mumford&#39s letter (Money Marketing, February 19), I can inform him and everyone else who may be interested that this problem with market value adjusters does not rest solely with Eagle Star. Having undertaken a review of with-profits bond holdings, we have discovered that this penalty ploy is being applied both by Norwich […]

Value of advice must be spelt out alongside cost – Aifa

Aifa director general Paul Smee believes today&#39s publication of the Menu will enable the value of advice to be spelt out alongside its cost. He says: “Although this is probably over engineered, with too many products, we broadly have the core now, and we can now use this to demonstrate the value of advice.” He […]

Software firms link up to offer planning tool

Software company Distribution Technology has signed a deal with Quay Software to supply up to 3,000 intermediaries with its latest financial planning tool. Distribution&#39s financial planning tool Dynamic Planner, developed with Bloomsbury Financial Planning director Campbell Edgar, will be offered to Quay&#39s clients from the start of March. The tool incorporates financial planning and investment […]

Treasury to amend financial promotion rules

The regulation of financial promotions is set to be brought under one set of rules as part of the Treasury review of the FSA. The consultation paper has outlined concerns that the way in which promotions are regulated depends more on what regime the products fell under in the past rather than the amount of […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com