View more on these topics

TMO fix mortgage for self certers

The Mortgage Operation has brought in the self cert fix mortgage.


The self cert fix is aimed at self employed people who have difficulty proving their income when applying for a mortgage.


It has a fixed rate of 6.95 per cent for the first three years of the mortgage, after which it will revert to two per cent over the Bank of England base rate for the term of the mortgage.


Self cert fix also offers a number of options. Borrowers can overpay, under pay, take payment holidays, and interest is calculated daily.


According to Money£acts the lowest fixed rate self cert mortgage on the market on October 9, 2000 is the UCB home loans fixed rate self cert mortgage, which has a rate of 6.25 per cent for two years. Pink Home Loans also offer the self cert fixed rate mortgage with exactly the same features as the Mortgage Operation product but which has a rate of 6.74 per cent for two years.

Recommended

Surviving Stakeholder

Reading articles about stakeholder, one could be forgiven for coming to the conclusion that there are three types of employer: Those who have heard about stakeholder and are trying to avoid it. Those who have heard about stakeholder and believe it does not apply to them. Those who are blissfully unaware of the existence of […]

Standard bearer

We will start this month&#39s article with congratulations to Standard Life. At one stroke, it has removed potential problems with existing policies by moving them to a mono-charge structure from April 2001.It is offering an annual management charge of 0.825 per cent (or 0.6 per cent if no commission is taken) for money from existing […]

Polar Stations

The London Economics report too readily dismisses keeping the status quo.Of the four scenarios listed, the least damaging to consumer interests is the approach known as “white-labelling”. Further consideration of polarisation should take into account not only economic analysis of competition effects but also consumer benefit, existing and potential, from clarity of status. Those who […]

Condemnation for stakeholder

Stakeholder is a non-starter because there is no room in its charging structure for advice, Conservative pension spokeswoman Jacquie Lait told the party at its annual conference in Bournemouth last week.Lait said she was not surprised stakeholder did not receive a mention by the Government at its conference two weeks ago because the public do […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment