View more on these topics

West Bromwich Building Society – Buy-To-Let Two-Year Fixe

West Bromwich Building Society

Buy-To-Let Two-Year Fixed

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until March 31, 2009

Fixed rate: 5.2%

Minimum loan: £30,000

Maximum loan: Up to 85% of valuation subject to a maximum of £500,000

Income multiples: Rental income must be at least 100% of mortgage repayments

Conditions: Paper applications only, not available to first-time buyers

Arrangement fee: 2% of original loan

Redemption fee: 5% of the amount repaid in year one, 4% in year two, 3% in year three plus interest until end of the month

Introducer’s fee: 0.4% of original loan

Tel: 0845 456 7418


Basinghall launches with profit share pledge

Basinghall Finance has today formally launched its lending arm and has set up a profit sharing arrangement with its two broker distributors.The pair, Savills Private Finance and John Charcol, will receive proc fees, but also a proportion of Basinghall’s profit. The WestLB-backed lender, which is a joint partnership between the investment bank and Home Funding, […]

Probe into retention proc fees

HBOS’s retention policy has been hit by a double-barrelled assault after the FSA confirmed it will probe the payment of proc fees while Nationwide slammed the scheme.The FSA will investigate whether brokers are correctly conducting the fact-find when they are paid a proc fee on retention business. It will form part of the retail distribution […]

In the twinkling of iShares

Exchange traded funds are gaining popularity with some investors but how do they work?

Massive boom in buy-to-let, reveals CML

The buy-to-let market is continuing to flourish, according to figures out today.Some 330,000 BTL mortgages, worth a total of £38.4bn, were taken out in 2006, according to the Council of Mortgage Lenders. This represents 11 per cent of all new lending, and is a 48 per cent increase in volume and 57 per cent increase […]

UK Equities: looking past short volatility

By Mark Martin, head of UK Equities, Neptune With markets facing numerous challenges this year, Neptune’s Mark Martin, manager of the UK Mid Cap Fund, and assistant manager Holly Cassell explain how they look past short-term volatility to focus on maintaining a strong long-term performance record. Read more here Important Information – for investment professionals only. […]


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