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The Mortgage Business – 100% mortgage

The Mortgage Business 100%

Type: 100% variable

Tracker term: Five-40 years

Tracker rate: SVR (currently 5.84%)

Minimum loan: £35,000

Maximum loan: £150,000

Income multiples: 3 x income plus 1 or 2.5 x joint

Arrangement fee: £299

Redemption fee: Three months’ gross interest in year one, two months in year two, one month in year three, one months’ notice or interest in lieu of notice thereafter

Conditions: MIG 11.44% of portion of loan above 75% (70% for loans over £70,000), minimum £350. Through Pink Home Loans

Introducer’s fee: 0.5% to a maximum of £2,500

Tel: 01543 441 530


Buoyant homes market encourages gazumping

One in 10 homebuyers will resort to gazumping to ensure they get their dream home, according to a quarterly survey by Yorkshire Bank.With many properties selling within days of being put on the market, Yorkshire found that a significant proportion of the 2,000 homebuyers questioned in March were prepared to adopt underhand tactics in pursuit […]

Landlords look North for buy-to-let

High property prices in London and the South-East are encouraging potential buy-to-let landlords to look further North for properties, according to UCB Home Loans.It says landlords looking at rental income they can receive compared with current property prices are finding it difficult to break even.UCB says landlords can get returns of between 8 and 10 […]

Investors still expecting high returns despite market falls

Investors still expect unrealistically high rates of return from their investments despite stockmarket falls over the past two years, according to res-earch from Prudential.Almost one in 10 of the 1,000 investors questioned in late January said they believed a fair annual return on their investments was at least 8 per cent while almost 30 per […]

Mortgage Express five-year fixed

Mortgage Express five-year fixedFixed term: 3 June 2007Fixed rate: 6.24%Minimum loan: £40,000Maximum loan: £250,000 up to 105% LTV Income multiples: 3.25 x principal plus 1, 2.75 x jointArrangement fee: £325Redemption fee: Six months&#39 interest at fixed rate until 3 June 2005Conditions: Available for purchase only. 102% LTV limit for first-time buyers. Available through Pink Home […]


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