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Universal Building Society – Two-Year Fixed Rate

Fixed-rate mortgage

Fixed term:
Until July 1, 2004

Fixed rate:

Minimum loan:

Maximum loan:
Up to 95% of valuation subject to a maximum of £500,000

Income multiples:
Up to three times principal income plus second or 2.5 times joint

Capital repayments of up to 10% a year permitted without penalty

Arrangement fee:

Redemption fee:
6% of original loan until July 1, 2006

Introducer&#39s fee:
0.5% of original loan

Tel: 0800 028 8383


Churchill is stepping down as ZFS life chief

Zurich Financial Services chief executive Lawrence Churchill is stepping down from his role as head of UK, Ireland and International Life businesses following a revamp of its management structure. He is being replaced temporarily by Global Life Insurance Businesses chief executive Paul van de Geijn until ZFS appoints a successor, who is believed to be […]

Call for vigilance on self-cert mortgages

Lenders should not be complacent about selfcertification mortgages, warned FSA chief executive John Tiner at the Building Societies Association&#39s annual conference in Manchester last week. Tiner said while the FSA&#39s investigation into self-cert mortgages – which was prompted by allegations of abuse made by the BBC – concluded that lenders&#39 systems and controls were broadly […]

Supply and demand boosts market

The housing market continued to display its strength in April, with brokers left unsurprised by the house price indices for the month. London & Country mortgage specialist David Hollingworth says: “The trend is continuing in much the same manner as in recent months. “The market has kickstarted again from the start of the year so […]

FSA says too early to say how regulation will work

The FSA has welcomed the Treasury announcement on home reversion plans, saying it will bring clarity for consumers and that reversions carry comparable risks to lifetime mortgages. Press officer Robin Gordon-Walker it is too early to say how it will regulate home reversion but it will go through a consultation process in due course. The […]

Martin Foden discusses how convenience is affecting the construction of fixed income portfolios

In this short video, Martin Foden, head of credit research at Royal London Asset Management, discusses how convenience is affecting the construction of fixed income portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not […]


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