View more on these topics

Woolwich – First Time Buyer Three Year Fixed Rate


First Time Buyer Three Year Fixed Rate

Type: Fixed rate mortgage

Fixed term; Until March 31, 2009

Fixed rate: 4.99%

Minimum loan: 25,001

Maximum loan: Up to 95% of valuation subject to a maximum of 500,000, up to 80% of valuation subject to no maximum

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

Conditions: Capital repayments of up to 10% allowed without penalty, 500 cashback

Flexible features: Overpayments, underpayments, payment holidays, lump sum withdrawals, interest calculated daily

Arrangement fee: None

Redemption fee: 3% of the amount repaid plus 500 until March 31, 2009

Introducers fee: Refer to lender



The black hole of final-salary schemes

It seems to me that most people in the financial services industry and the Government fail to see how illogical final-salary pension schemes are in a capitalist society, as the liability is open-ended and, as such, cannot be justified in a prudent economy. Nic Cicutti in his column says that final-salary scheme employees contribute a […]

Adapt and thrive

We really need to put the priority on developing products and services

Is volatility dead? No, sell credit

There are several arguments that one could currently make for why credit markets look unattractive. These include signals that the US economy is in late cycle, the fact that corporate leverage has been increasing (with 2016 setting a record for the amount of global bond issuance), and that US high-yield default rates have risen considerably […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment