View more on these topics

Woolwich and Barclays – Two Year Discount Mortgage

Type:
Discounted-rate mortgage

Discounted rate:
Two years

Discount:
1.6%

Payable rate:
4.94%

Minimum loan:
£5,000

Maximum loan:
Up to 95% of valuation subject to a maximum of £250,
up to 90% of valuation subject to a maximum of £500,000,
up to 80% of valuation subject to a maximum of £1m

Income multiples:
Up to 3.25 times principal income plus second
or 2.5 times joint

Conditions:
Mortgage reserve facility available up to 90% of valuation

Arrangement fee:
£295

Redemption fee:
None

Introducer&#39s fee:
Subject to negotiation

Tel: 0845 6051111

Recommended

SHIP warns of confusion over taxation of home reversion

Professional standards body Safe Home Income Plans says reports in the press of a heavy tax on income from home reversion plans may be misleading. SHIP believes the Government legislation on pre-owned asset tax is not intended to penalise elderly people. The body is currently in talks with the Inland Revenue to discuss the exemption […]

Lighthouse in bid to rescue Lifeboat

Lighthouse Group is believed to be in advanced negotiations with the administrators of Lifeboat to acquire the stricken IFA and mortgage broker. Sesame and Destini have both been in talks with Lifeboat about buying all or parts of the business but negotiations have not progressed. Tenet Group pulled out of talks a week ago after […]

Pru aims to woo advisers with cut in CI rates

Prudential has cut its critical-illness cover rates in a move it says is designed to re-establish its reputation with IFAs as one of the top protection providers.Head of protection Paul Cowman says Prudential is not aiming to be at the top of the tree for protection but he believes the price change will set it […]

Price slump may bring shock for fixed borrowers

A property slump could cause mortgage repayments to double for some borrowers, warns consultancy In2Perspective. The consultancy points to the many homeowners who took out fixed-rate loans last year when the base rate was 3.5 per cent and who are still benefiting despite base rate rising to 4.75 per cent. It says many of these […]

Generation Rent

By Denise Wond, marketing manager We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be. Homeownership is at its lowest point in 30 years, […]

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