View more on these topics

TMO fixes for five

The Mortgage Operation


FIXED RATE MORTGAGE


Type: Fixed rate mortgage offering a choice of a higher cashback or a lower cashback and no legal, valuation or lender&#39s reference fees.


Fixed term: Until June 1, 2003.


Fixed rate: 6.99 per cent.


Minimum loan: £30,000.


Maximum loan: For loans up to 75 per cent of valuation – no maximum. Loans up to 90 per cent of valuation subject to a maximum of £450,000.


Income multiples: 3.5 times principal income plus second or 2.75 times joint.


Arrangement fee: Completion – £395, application (free fees only) – £99, submission (higher cashback only) – ranges from £199 for loans up to £40,000 to £329 for loans up to £200,000 and by negotiation for £200,000 plus.


Cashback: £1,000 or £400 plus free fees.


Redemption fee: Six months&#39 gross interest at standard variable rate until May 31, 2004.


Conditions: None.


Introducer&#39s fee: £400.


Tel: 0171 571 2400.

Recommended

Scottish Mutual&#39s new With-Profit Bond reviewed

Scottish Mutual&#39s latest with-profit bond aims to offer a wide choice of flexible income options and potential for additional bonuses.Most feel the bond fits well in the market although Moorfield says: &#34This compliments existing products but it&#39s not as attractive as the bond from Clerical Medical or Norwich Union on headline bonus rates. It&#39s not […]

HSBCAM offers tax shelter for £17,500

HSBC Asset Management is issuing a second tranch of its triple allowance plan allowing tax free investments up to £17,500.The plan offers a £3000 single company Pep and a £6000 general Pep which can be used in co-ordination with the 2004/5 capital gains allowance to shelter a further £8,500.HSBC Investment Funds Europe managing director Alan […]

Lazard intoduces a fund of funds transfer Pep

Lazard Asset Management hopes to attract Pep investors who hold several plans by offering a one-stop-shop. It&#39s Active Transfer Pep allows investment in Lazard&#39s own unit trusts plus a selection of external fund managers.Daly reckons this approach may appeal to clients who want less complication. He says: &#34There are always people who want a simpler […]

Buy-to-Let with Exclusive Connections

Exclusive ConnectionsBUY-TO-LET MORTGAGESType: Fixed rate mortgages for the buy-to-let market.Fixed terms: Until February 1, 2002 and June 1, 2008.Fixed rates: 7.59 per cent or 6.99 per cent respectively.Minimum loan: £25,001.Maximum loan: Self certification – up to 75 per cent of valuation subject to a maximum of £150,000. Full status – up to 85 per cent […]

How do you choose the best online service?

By Ross Jackson, senior marketing manager There are many different protection online services available in the market and no doubt you’ll have used a few when submitting protection business. But why should you have to put up with slow, unresponsive sites for your business when you’re used to dealing with slick, modern user experiences in your […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment