View more on these topics

UCB Home Loans – Buy2Let Tracker

Friday, November 23, 2001.



Type: Discounted tracker rate buy to let self-certification

mortgage.

Discounted term: Three years.

Discount: 1 per cent from Bank of England base rate plus 1.99 per

cent.

Payable rate: 5.49 per cent.

Minimum loan: £25,000.

Maximum loan: Loans of up to 50 per cent of valuation subject to a

maximum of £750,000, 51-70 per cent subject to a maximum of

£500,000, 71-80 per cent subject to a maximum of £300,000, 81-85

per cent subject to a maximum of £200,000.

Income multiples: 3.25 times principal income plus second or 2.75

times joint.

Arrangement fee: £495.

Redemption fee: 100 per cent of discount received in year one, 80 per

cent in year two, 60 per cent in year three.

Conditions: None.

Introducer&#39s fee: Subject to negotiation.

Tel: 0845 9401400.

Recommended

Improved transparency for sub-prime tracker loan

Mortgage packager Pink Home Loans is rolling out a range of exclusive tracker loans funded by sub-prime lender Mortgages plc. The loans, which Pink claims offer more transparency than most adversecredit products, start at 2.25 per cent over the Bank of England base rate for those borrowing 50 per cent loan-to-value. For every 10 per […]

B&W merges two firms to set up new national IFA

Bristol & West is creating a new national IFA, MX Financial Solutions, through the merger of subsidiaries Moneyextra and Willis National. The Willis brand goes following its acquisition from Abbey National and Willis Group for £40m in July as it is merged with consumer finance website Moneyextra which Bristol & West bought from the Exchange […]

Pass continues Review services for IFAs

IFA services firm Pension Advisers Support System has announced it will continue to offer its range of services to IFAs for the Pensions and FSAVC reviews through 2002.Pass offers assistance to IFAs in dealing with the reviews such as advice and loans to cover compensation claims. Since its founding in 1998, it has received 500 […]

CIS pension plea to MPs

CIS is writing to MPs in a bid to assure them that product providers are selling stakeholder to its target audience and that compulsion is not the answer to increasing pension provision. General manager (marketing) Martin Clarke has asked to meet with the speakers at last week&#39s House of Commons debate on stakeholder pensions. The […]

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