View more on these topics

UCB Home Loans launches buy2let mortgage

UCB Home Loans, the specialist lending subsidiary of nationwide Building Society, is making a comeback to the buy to let market with its buy2let mortgage.

The product is aimed at the self-certification market, such as the self-employed or people with variable incomes who want to buy a property to rent but have trouble providing a lender with proof of income.

Buy2let allows the purchase of up to two properties and its rate will track the Bank of England base rate, with a one per cent discount for the first three years, giving a starting rate of 6.99 per cent.

Compared to some of the other products on offer in the currently buoyant buy to let market, this is a competitive product. The best tracker rate on the market on August 29, 2000 is offered by the Manchester Building Society&#39s buy to let mortgage, which has a four per cent discount, giving a rate of 3.7 per cent. Manchester Building Society&#39s product offers a loan to value of 80 per cent, compared to a maximum of 75 per cent for buy2let.


Northern Rock introduces one year fixed rate bond

Northern Rock has introduced a new one year fixed rate bond, the 33rd version of the product that the company has produced.The bond has a gross interest rate of 7.25 per cent a year and does not allow any withdrawals at all before the one-year maturity date. It is aimed at investors who are prepared […]

Fees anomaly leaves buyers in the dark

Over recent months, it appears the Mortgage Code Compliance Board has started to make waves in the twilight zone of mortgage packagers. The position of packagers in the mortgage origination chain is being reviewed with particular reference to their regulatory position under the mortgage code – or rather the lack of one.There exists the anomaly […]

Govt urged to curb stakeholder ignorance

Pressure is mounting on the Government to spend more cash on stakeholder education following the revelation that many small businesses remain ignorant of their new obligations.The quarterly Finance Line survey from marketing information specialist Taylor Nelson Sofres shows that more than two-thirds of businesses with turnover between £250,000 and £1m are unaware of their duty […]

IFAs angry as Eagle Star calculates endowment rate at 7%

IFAs have attacked Eagle Star for calculating the investment rate of return on its endowment rev-iew letters at 7 per cent instead of 6 per cent as the ABI and the Institute of Actuaries have recommended.IFAs say calculating on a 7 per cent basis allows Eagle Star to hide the potential shortfalls and reduce the […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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