You are here: Home - News -

Mortgage selection

by:
  • 17/06/2002
  • 0
Max LTV Comp Proc Redemption Income Indemnity Lender Telephone Rate Period Discount HP rem...

Max LTV Comp Proc Redemption Income Indemnity

Lender Telephone Rate Period Discount HP remtg Incentive Advance Fee ins fee penalty multiples added

Fixed rates with no redemption tie-in

Britannia BS 0845 842 9429 4.79% 2 yrs – 95% 95% Free U for 1 yr & advs to 90%, – £295 – – 1st 2 yrs: 3.5+1, 2.75j Max

no MIP. Remtgs disc legal fees 240 days1 97.5%

Pink Home Loans 0870 759 0169 4.79% 3.6.04 – 95% 95% Flex opt & no MIP Min £325 – 0.3% To 3.6.04: 3.25+1, 2.75j N/A

Funded by M Express £50K 6 mths1

Leeds & Holbeck BS 0800 072 5726 4.99% 1.7.05 – 95% 95% Free A for 6 mths & advs – £399 B+C £125 To 1.7.05: 3.25+1, 2.5j Max

up to 90%, no MIP 4/3/2 mths1 95%

Dunfermline BS 0845 601 2218 5.59% 31.8.07 – 95% 90% £450 rebate & advs up to £20K- £295 – £100 To 1.8.07: 3%2 3+1, 2.5j Yes

90%, no MIP £250K

Fixed rates with redemption tie-in

Portman BS 01202 563 502 2.25% 1.8.04 – 95% 95% Advs up to 90%, no MIP £15.5K- £399 – 0.25% To 1.8.08: 3.25+1, 2.75j Yes

£500K 7/7/7/6/4/2%

Northern Rock 0870 241 3088 2.89% 1.8.04 – 90% 90% No MIP & free A for 6 mths. – £495 – £100 1st 6 yrs: 4/7/5/4/ 3.5+1, 2.75j N/A

HP £500 rebate or 2/1%2 & 1st 3 yrs:

remtgs £1K rebate rebate rec

Norwich & P’boro’ BS 01733 362636 4.54% 3 yrs – 90% 90% Flex opt & no MIP – £325 – 0.25% 1st 5 yrs: 6 mths1 Ability to pay N/A

Leek United BS 01538 392419 4.75% 31.7.05 – 90% 90% Free valn & no MIP Min £25K £295 – £200 To 31.7.07: 5%2 3+1.5, 2.5j Max 95%

Capped rates

Portman BS 01202 563502 5.49% 1.8.04 – 95% 95% Currently 4.35% (1.30% disc) – £300 – 0.25% To 1.8.04: 5%2 3.25+1, 2.75j Yes

to 1.8.04. Advs to 90%, no MIP

Northern Rock 0870 241 3088 5.59% 1.8.04 – 90% 90% Flex opt, no MIP, free A for – £395 – £100 To 1.8.04: 2% of 3.5+1, 2.75j N/A

6 mths. HP £500 or remtgs adv & 1st 3 yrs:

£1K rebate rebate rec

Coventry BS 0845 766 5522 5.99% 30.9.07 – 95% 95% Rate currently 4.99%, (0.76% dis) Max £295 – – To 30.9.07: 3.5+1, 2.75j Yes

to 30.9.07 free valn & advs up to £500K 6 mths1

90%, no MIP. Remtgs £200 rebate

Northern Rock 0870 241 3088 6.09% 1.8.07 – 90% 90% Rate currently 5.85%. Flex opt – £395 – £100 To 1.8.07: 2% of 3.5+1, 2.75j N/A

no MIP, free A for 6 mths. HP adv & 1st 3 yrs:

£500 or remtgs £1K rebate rebate rec

First-time buyers (variable unless shown)

Woolwich 020 8301 7089 3.94% 2 yrs 2.01% 95% Flex opt & current a/c facility. – £295 – – 1st 2 yrs: 6 mths1 3.25+1, 2.5j Max

Advs up to 90%, no MIP 97%

Leeds & Holbeck BS 0800 072 5726 4.00% 2 yrs 1.75% 95% £250 rebate & free A for 6 mths – £199 B+C £125 1st 2 yrs: 6/4 mths1 3.25+1, 2.5j Max

& advs up to 90%, no MIP 95%

Staffordshire BS 01902 317301 3.99% 3 yrs 1.75% 95% Free A for 6 mths, free valn & Max £195 B+C 0.25% 1st 3 yrs: 5%2 3+1, 2.5j Yes

advs up to 90%, no MIP £200K

Chelsea BS 0870 240 4808 4.19% 3 yrs 1.50% 95% Advs up to 90%, no MIP £25K-£1m – – – 1st 3 yrs: 3%2 3.25+1, 2.5j No

Variable rates

Intelligent Finance 0845 601 4343 3.35% 3 mths 1.50% 95% 95% Rate reverts 4.85%. Flex opt & Min £125 – 0.35% No penalty Ability to pay N/A

offset facility. No MIP. Remtgs £25K

refund valn & FLF

Hinckley & Rugby BS 0800 774499 4.59% term – 80% 80% Flex opt, £300 rebate, free Min £25K – – £200 No penalty 3+1, 2.5j N/A

valn, free A for 6 mths & no MIP

Woolwich 020 8301 7089 4.75% term – 95% 90% Flex opt & offset facility. – – – – No penalty 3.25+1, 2.5j Max

Advs up to 90%, no MIP 97%

HSBC 0800 494999 4.75% term – 90% 90% No MIP & free A for 6 mths. – – – – No penalty 3.25+1.25, 2.5j N/A

Remtgs free valn & in GB &

NI help with costs

Self-certification rates (variable unless shown)

Pink Home Loans 0870 759 0169 4.45% 2 yrs 1.55% 90% 80% Flex opt & no MIP Min £25K £325 – 0.5% 1st 2 yrs: 6 mths1 3.25+1, 2.75j N/A

Funded by MExpress

Bristol & West 0117 943 7755 4.70% 3 yrs 1.05% 85% 85% No MIP, free valn & £300 rebate £25K-£500K – – 0.5% 1st 4 yrs: 5/5/4/4%2 3.5+1, 2.75j Yes

Northern Rock 0870 241 3088 5.79%F 1.8.07 – 75% 75% Flex opt free A for 6 mths, Min £75K £395 – £100 To 1.8.07: 2% of adv 3.5+1, 2.75j N/A

HP £500 rebate or remtgs £1K & 1st 3 yrs: rebate rec

Verso 0845 840 3020 4.98% term – 85% 85% Flex opt £25K- £325 – 0.35% No penalty 3.5+1, 2.75j Yes

£500K

Comps in ‘ Insurances to be arranged through lender; A ‘ Accident sickness & unemployment insurance; B ‘ Building insurance; C ‘ Contents insurance; U ‘ Unemployment insurance; LTV ‘ Loan to value; F ‘ Fixed rate; FLF ‘ free legal fees; HP ‘ home purchase; MIP ‘ Mortgage indemnity premium (high lending fee); Proc fee ‘ Fee paid to professional introducers and may be a minimum or maximum fee. Incentives of FLF may only be available through lenders’ nominated solicitor; rec ‘ reclaimed; S/E ‘ self-employed; BBR ‘ Base Bank Rate; j ‘ joint; 1 ‘ interest; 2 ‘ of sum repaid; GB ‘ Great Britain; NI ‘ Northern Ireland

Source: Moneyfacts (as at 06/06/02)


Tags

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
Brokers and packagers will drop out of market

Southern Pacific Mortgage Ltd (SPML) has said the size of both the broker and packager markets are s...

Close