View more on these topics

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.



Recommended

Throwing down the gauntlet

IFAs are applauding plans by Standard Life to slash pension charges, saying the gauntlet has now been laid down to other providers.Standard made headlines last month by announcing cuts to charges on individual and group plans by 0.6 per cent to 0.8 per cent from the existing 1.4 per cent annual management charge.Since the announcement, […]

&#39Using genetic test results will create Catch-22 situation&#39

Life offices will be shooting themselves in the foot if they start using the results of genetic tests, say consumer and health groups.The National Consumer Council and the Alzheimers Society say it is against the long-term interests of life offices to use the results of genetic tests because it will create a Catch 22-situation.Their claims […]

Flight calls for axing of stamp duty on shares

Conservative Treasury spokesman Howard Flight is renewing his call on the Government to abolish stamp duty on share dealing.Flight claims the tax is deeply unpopular with the Opposition and leading City figures, who believe companies could be forced to list on foreign stockmarkets to avoid the charge.But Flight concedes it is unlikely the Government will […]

Death of Fairs marketing director

IFA software business Fairs marketing and financial director Angela Kirk has died while on holiday with her husband in Greece.She had been suffering from ulcerative colitis and Crohn&#39s disease.She was 46 and had been married to Fairs managing director Dr Czes Kosniowski for four years.Fairs, based in Newcastle-upon-Tyne, was set up by Kosniowski in 1984 […]

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.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment