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Yorkshire Building Society – Tracker to Fixed – Five Year Mixed Term

Yorkshire Building Society – Tracker to Fixed – Five Year Mixed Term

Type: Tracker mortgage followed by fixed rate

Tracker term: Until September 30, 2013

Tracker rate: 3.49% above the Bank of England base rate

Payable rate: 3.99%

Fixed term: Until September 30, 2016

Fixed rate: 5.09%

Minimum loan: £25,001

Maximum loan: Up to 90% of valuation subject to a maximum of £500,000

Income multiples: Based on affordability

Conditions: Capital repayments of up to 10% a year allowed without penalty in the tracker and fixed periods

Arrangement fee: £800 completion fee plus £195 application fee

Redemption fee: 5% of the amount repaid in the first three years, 4% in year four, 3% in year five plus £90 mortgage fee

Introducer’s fee: None



LV= links with Cofunds on Sipp investments

LV= has linked with Cofunds to allow investors in its Sipp to access investments through the platform. Advisers with clients in the provider’s Flexible Transitions Account Sipp will be able to manage their assets online using the platform. The link-up will allow investors to access around 1,500 funds from over 90 fund groups through Cofunds.

L&G chief executive Tim Breedon to retire

Legal and General chief executive Tim Breedon is to retire from the firm at the end of next year. Breedon joined L&G in 1987 and became group chief executive in January 2006. L&G says a successor will be appointed in due course. Breedon was also appointed chairman of the Association of British Insurers in July […]

Mansfield BS appoints Gev Lynott as new chief exec

Mansfield Building Society has appointed Gev Lynott as its new chief executive. Lynott replaces Nigel Quinton, who has left the society to take over as chief executive at Furness Building Society. He is a qualified accountant who was previously financial services director at Asda, an executive director at Marks and Spencer and has held senior […]

Personal Touch Financial Services reports £2.3m pre-tax profit

Personal Touch Financial Services has reported a pre-tax profit of £2.3m for 2010, compared with £2.6m in 2009 The network saw a turnover of £60m and says it has strengthened its net assets by more than 25 per cent and its cash position by over 50 per cent. It says it is now the second […]

What are the key changes to transform pensions?

By Fiona Tait, pensions specialist In her final article for Royal London, Fiona Tait reviews key changes she believes have transformed, or will transform, pensions. In my 12 years with Royal London I have been paid to review, study and explain the numerous changes to pension legislation which have transformed our industry in that time. This is […]


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