View more on these topics

Teachers Building Society – Teachers Building Society Fee Free Remortgage Plan

Tuesday, 24th October 2000.



Type: Discounted rate mortgage for remortgages.




Discounted term: Four years.




Discount: Year one – 2.25 per cent, year two &#45 1 per cent, years three and four &#45 0.25 per cent.




Payable rate: Year one &#45 5.24 per cent, year two &#45 6.49 per cent, years three and four &#45 7.24 per cent.




Minimum loan: £30,000.




Maximum loan: Up to 85 per cent of valuation subject to a maximum of £200,000.




Income multiples: 3.25 times principal income plus second or three times joint.




Arrangement fee: None.




Redemption fee: Four per cent of amount repaid in years one and two, 3.5 per cent of amount repaid in years three and four.




Conditions: Cashback of £300 for completions before December 31, 2000.




Introducer&#39s fee: £225.




Tel: 0800 378669.


Recommended

10 QUESTIONS THAT DEMAND ANSWERS

1: What benefits can multi-ties, product ties, white labelling or dep-olarising stakeholder products bring to consumers which the current system fails to deliver?2: How much will any change cost to implement, who will pay for this change and by what method?3: What possible changes to stakeholder and Isas could be made to increase the efficiency […]

Portman rolls out six new loans

Portman Building Society is offering six new mortgages. The mortgages are a 5.99 per cent mortgage fixed until 1 February, 2006, a 5.75 per cent mortgage fixed until 1 February 2003, a 3.99 per cent mortgage fixed until 1 February 2003, a 5.75 per cent mortgage fixed until 1 February 2003 and a discount rate […]

GMAC goes mainstream

Sub-prime lender GMAC Residential Funding is entering the mainstream mortgage market with the launch of a new product aimed at full status borrowers.The lender says it aims to be a major force across all product sectors and plans to match leading rivals with a penalty-free, two-year fixed-rate mortgage.The rates are 5.49 per cent fixed up […]

Standard scraps GPP clawback as battle for IFAs intensifies

Standard Life is axing conventional clawback under its new mono-charging group personal pension contract.IFAs believe the move will be copied by other providers in the fight for the IFA channel.Under Standard&#39s recently announced single-charging structure, IFAs will only be stung by clawback of commission if the entire fund is transferred within the first three years.Traditionally, […]

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