View more on these topics

The Mortgage Operation – Self Cert Discount

Thursday, 12th October 2000.



Type: Self cert discount mortgage.




Discounted term: Five years.




Discount: 1.25 per cent.




Payable rate: 6.75 per cent.




Minimum loan: £25,001.




Maximum loan: Up to 90 per cent of valuation subject to a maximum of £1 million.




Income multiples: 3.5 times principal income plus second, or 2.75 times joint for self employed.




Arrangement fee: £325.




Redemption fee: Three months&#39 interest on amount repaid in first five years.




Conditions: None.




Introducer&#39s fee: 0.5 per cent of advance.




Tel: 020 7571 2400.


Recommended

&#39Future lies in hybrid products&#39

Hybrid financial products are the way of the future, claims a report by IT specialist IBM Financial Services.IBM claims the future will see products such as pensions and health insurance, mortgages and personal loans and investments and retirement planning combined to offer cust-omers greater choice and flexibility.IBM says the UK fin-ancial services industry must move […]

Bank of England vote to maintain base rate

The Bank of England’s Monetary Policy Committee has voted to maintain the Bank’s current base rate at 6.0 percent for the eighth consecutive month. The last change was on February 10, when it increased by 0.25 percent to its present level. The minutes of the meeting are to be published at 9.30am on Wednesday 18 […]

Cofunds&#39 cost set to reach £40m

Cofunds is to cost its four founders more than £40m, according to Threadneedle deputy chairman and Autif chairman Alan Ainsworth.The IFA fund supermarket, which is due to launch later this year, is set to cost the four founders, Threadneedle, Gartmore, Jupiter and M&G, at least twice as much as their original investment of £20m.Ainsworth says […]

Select Partnership – Self-Cert

Thursday, 12th October 2000.Fixed term: Until October 10, 2003.Fixed rate: 6.99 per cent.Minimum loan: £25,001.Maximum loan: Up to 85 per cent of valuation subject to a maximum of £500,000.Income multiples: 3.5 times principal income plus second or 2.75 times joint.Arrangement fee: £299.Redemption fee: 4 months&#39 interest for first three years, one months&#39 interest until end […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment