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UCB Home Loans – Buy2Let

Monday, 16th October 2000.

Type: Discounted rate mortgage tracking the Bank of England base rate.

Discounted term: Three years.

Discount: 1 per cent.

Payable rate: 6.99 per cent.

Minimum loan: £25,001.

Maximum loan: Up to 75 per cent of valuation subject to a maximum of £350,000.

Income multiples: 3.25 times principal income plus second or 2.75 times joint or 6.5 times estimated annual rental income.

Arrangement fee: £495.

Redemption fee: Year one &#45 100 per cent of the discount, year two &#45 80 per cent of the discount, year three &#45 60 per cent of the discount.

Conditions: None.

Introducer&#39s fee: Subject to negotiation.

Tel: 0845 9401 400.


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Pensions - thumbnail

Preparing for the changes to the pensions market

As more and more providers start to reveal their stance on the charge cap and removal of commission and active member discount pricing, we thought it would be worthwhile to look at what these are, and the steps businesses should be taking to prepare for this.


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