View more on these topics

Stroud and Swindon five-year fixed rate

Stroud and Swindon five-year fixed rate

Fixed term: Five years

Fixed rate: 5.65% fixed rate until May 1 2007. Thereafter borrower qualifies for loyalty discount (currently a 0.5% discount against the SVR, currently 5.74%)

Minimum loan: £16,000

Maximum loan: Up to 95% for house purchase and 85% for remortgage, subject to a maximum of £500,000

Income multiples: Three times principal income plus second or 2.75 times joint.

Arrangement fee: £295 (can be deducted from loan).

Redemption fee: If full redemption occurs before May 1 2005 a charge of 5% will be made on the outstanding balance. If part of the loan is repaid before May 1 2005 there is a charge of 5% on the amount repaid. A maximum of 25% of the original loan may be repaid before 1 May 2005 without charge.

Conditions: None

Introducer’s fee: 0.3% of completed advance subject to a maximum of £750

Tel: 01453 768240

Recommended

Accounting rules pose threat to DB schemes

Scottish Equitable is warning that new company accounting standards could force the closure of many defined-benefit schemes and threaten the retirement options of thousands of employees.ScotEq believes that the Inland Revenue&#39s FRS17, which requires firms to show the state of their pension scheme on the balance sheet, could be the final straw for employers with […]

Diggle is not to be taken lightly

You awful people in the retirement industry have embroiled yourselves and your investors in a “complex monopoly”, according to influential Inland Revenue official Paula Diggle.Translated, we think this means IFAs and insurers are using a combination of generous commission, withprofits hocus pocus and polarisation to stitch up the retirement market.Perhaps this is a harsh interpretation […]

Henderson attack on Charter trust board

Henderson Global Investors sent out a circular to the investors of the Charter European investment trust this week, warning that the current board does not deserve their support. The letter said the board had made bad decisions on behalf of its investors, having presided over a term of consistent poor performance. Henderson has launched a […]

Bupa links up with Lloyds TSB

As part of its new health range Lloyds TSB is offering Bupa PMI products to its business banking customers and has plans to extend access to all of its customers later this year. Lloyds customers will have access to Bupa Heartbeat, its flagship PMI product and also to a 24 hour medical helpline staffed by […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment