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UCB HomeLoans – Buy to Let &#45 2 Year Fixed

Type: Fixed-rate buy to let mortgage

Fixed rate: 4.89%

Fixed term: Two years

Minimum loan: £25,001

Maximum loan: Up to 80% of valuation subject to a maximum of £300,000, up to 75% of valuation subject to a maximum of £400,000

Income multiples: Up to 3.25 times principal income plus second, 2.75 times joint, or rental income must be at least 6.5 times monthly mortgage
repayments

Redemption fee: Six months&#39 interest in year one, five months&#39 interest in year two

Arrangement fee: £495

Introducer&#39s fee: Subject to negotiation

Tel: 0845 940 1400

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Matrix Money Management – Foresight Technology VCT

Type: Venture capital trust Aim: Growth by investing in unquoted technology-based companies Minimum investment: Lump sum £2,500 Opening/closing date: September 22, 2003/ March 31 for 2003/2004 tax year, April 30, 2004 for 2004/2005 tax year Charges: Initial 5.5%, annual 2% Commission: Initial 2.25%, renewal 0.375% Tel 020 7292 0825

Confidence in housing market defies speculation – Woolwich

Confidence in the housing market has remained steady over the last three months according to the Woolwich&#39s latest figures. UK gross mortgage lending rose to £24bn for August 2003 up 16 per cent year on year from £20.7bn in August 2002.

Invesco Perpetual advises drip feeding investments

Investors looking at getting back into the stockmarket yet keen to reduce their exposure to risk should consider drip feeding through a regular savings plan advises Invesco Perpetual. To reinforce the message, the fund house has produced a pocket guide to Isas and is making it widely available to IFAs and investors. Invesco UK head […]

End of an era

It is the end of an era this week as FSA chairman and chief executive Sir Howard Davies says goodbye to the regulator he has steered from its inception.The colourful and often outspoken Davies leaves behind many memorable moments, recently promising there would be no retrospective misselling reviews and divulging that he is not a […]

Help, I’ve been appointed as a trustee. What are my responsibilities?

Graeme Robb, Technical Manager at Prudential looks at the key duties and responsibilities of a trustee.  This article will consider the following: Duties to be performed on appointment Investment duties Protecting the interests of beneficiaries Keeping accounts and records Distributing property to beneficiaries Duties to be performed on appointment Obtain a copy of the trust […]

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