View more on these topics

TMO discount for self cert customers

The Mortgage Operation has introduced the self cert discount mortgage, which is aimed at people who have trouble proving how much that they earn, such as the self-employed.


Self cert discount has a discount of 1.25 per cent, giving it a payable rate of 6.75 per cent for five years. The maximum loan to value is 90 per cent of valuation.


Among the options on offer are the ability to underpay, overpay, and have payment holidays. Interest is also calculated daily.


Over a five-year period the rate of 6.75 per cent is quite competitive. According to Moneyfacts the cheapest mortgage on the market on October 9, 2000 which offers the same features is the Norwich Union self-cert discounted mortgage. This has a discount of 1.55 per cent, giving it a payable rate of 6.45 per cent for two years.

Recommended

Henderson Investors – Asia Pacific Absolute Return Fund

Thursday, 12th October 2000.Type: Oeic.Aim: Growth by investing in the Asia/Pacific region.Minimum investment: $100,000.Place of registration: Cayman Islands.Investment split: Any proportion of companies in the Asia Pacific ex Japan region.Yield: Nil.Charges: Initial nil, annual 1.25 per cent.Commission: Nil.Tel: 0800 881144.

&#39Widows not interested in advisers&#39

Due to popular demand, Bungle Busters makes a comeback this week with IFAs pleading for Scottish Widows to be thrown under the spotlight again.Widows has come under fierce attack from furious IFAs who claim the company has still not cleaned up its act, as it is continuing to send out endowment letters to IFA clients […]

Ombudsman clarifying approach on endowment complaints

The Financial Ombudsman Service is aiming to streamline the way mortgage endowment disputes are resolved.It is publishing a briefing note for IFAs and product providers clarifying the approach it will take in dealing with endowment-related complaints.Circumstances where the ombudsman will consider a complaint will be explained. It is hoped the move will allow many claims […]

Inter-Alliance goestop with Lincoln buy

Inter-Alliance will become the biggest national IFA, with 1,850 registered individuals following the purchase of the 1,000-strong Lincoln tied salesforce.It will eclipse rival Bradford & Bingley which has 800 RIs, although not all Lincoln sales staff are expected to move.Inter-Alliance bought Lincoln&#39s UK salesforce last week for an undisclosed sum in a bid to become […]

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