View more on these topics

UCB reduces fixed rate mortgages

CB Home Loans is launching a range of self-certification fixed rate mortgages with its lowest ever fixed rates. The lender is offering a 2-year fixed rate at 4.49 per cent, a 3-year fixed rate at 4.69 per cent and a 5-year fixed rate at 4.99 per cent.

Redemption penalties for the 2-year mortgage are 6 months interest in year one and 5 months interest in year two. For the 3-year, penalties are 6 months interest in year one, 5 months in year two and 4 months interest in year three. The 5-year mortgage carries a redemption penalty of 6 months interest in years one to three, 5 months interest in years four and five and 4 months interest in year six. No extended tie-ins apply.

All the products revert to UCB&#39s standard variable rate, currently 6.49 per cent, after the fixed rate period. Loans are available up to 85 per cent loan to value.

Recommended

&#39If a 100/0 fund replaced the 90/10 fund, there would be concern about where capital strength was coming from&#39

Life offices have had their feathers ruffled by suggestions that Sandler&#39s with-profits proposals – which would see funds ringfenced to prevent them being used to cross-subsidise other business areas – could become mandatory.Prudential UK chief executive Mark Wood accepts that the suggestion will have people looking at the Pru but says this is merely because […]

Simply Biz Support firm struggles to get PI cover for members

IFA support services group Simply Biz, which was launched by DBS founder Ken Davy in December last year, has been unable to find PI cover, stalling plans to offer cover to all member firms as part of the package.The situation means that eight firms cannot make the final jump to being full Simply Biz IFAs […]

Remortgage business rockets to 52%

Remortgages now represent more than half of all new lending, according to figures for January from the Council of Mortgage Lenders.Of the total £18.6bn of advances made last month, £9.6bn or 52 per cent was advanced through remortgages, up from £7.6bn in December or 39 per cent and £5.6bn and 42 per cent in January […]

FSA must take action to settle the PI crisis

Last week, Money Marketing reported on the difficulty we have had in obtaining renewal cover on our PI insurance -not an unusual occurrence for the small to medium-sized IFA in the current climate.I am pleased to report that we have now obtained cover and it will come as no surprise to any IFA that the […]

The future of active management is now

Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]

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