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The Mortgage Works – Self-Cert Two Year BBR Tracker

The Mortgage Works

Self-Cert Two Year BBR Tracker

Type:: Self-cert tracker mortgage

Tracker term: Until October 31, 2009

Tracker rate: 0.51% below the Bank of England base rate

Payable rate: 4.99%

Minimum loan: £25,001

Maximum loan: Up to 85% of valuation subject to a maximum of £1m

Income multiples: Based on affordability

Arrangement fee: 2.5% of the original loan subject to a £595 minimum

Redemption fee: None

Introducer’s fee: 0.45% of the original loan

Tel: 0845 601 0763


C&G puts pressure on exit fees

Leading lenders are sticking to charging exit fees despite Cheltenham & Gloucester’s decision to scrap its charges on new lending.C&G’s move comes just before the FSA’s July 31 deadline for lenders to review their fees for clients. A Money Marketing survey has found that several major lenders, including Nat-ionwide, Alliance & Leicester, Yorkshire Building Society […]

Advisers hit as trail cash is slashed

Amendments to trail commission on a number of fixed interest, property, tracker and money funds have also been attacked for being included in the small print of the proposals for the combined Skandia/ Selestia platform. Renewal commission on fixed interest and property funds has been cut from 0.5 per cent to 0.35 per cent while […]

CHL Mortgages launches commercial lending arm

CHL Mortgages has launched a commercial lending division.CHL Commercial will offer intermediaries a competitive range of commercial lending products with a one per cent uncapped procuration fee. It will target commercial investment owner-occupied trading entities and larger houses in multiple occupation residential units.CHL Commercial will take a self-certification approach on loans to £1.5 million and […]

Trouble ahead - thumbnail

Pensions: trouble ahead?

The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath. 


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