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  • 10/02/2003
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Ipswich BS Product: Buy-to-let mortgage Description: Fixed until 30/4/2005. Rate: 5.25% Max ...

Ipswich BS

Product: Buy-to-let mortgage

Description: Fixed until 30/4/2005.

Rate: 5.25%

Max LTV: 80%

Redemption penalty: 3% in the fixed rate period, up to 50% repayment without penalty.

Procuration fee: Negotiable

Arrangement fee: £190

Other: Daily interest, portable, no compulsory insurances.

Contact: 01473 211021

Irish Permanent

Product: Buy-to-let mortgage

Description: Fixed for five years.

Rate: 5.25%

Max LTV: 85% to £1m

Redemption penalty: 5% of balance in the fixed rate period.

Procuration fee: 0.5%, uncapped.

Arrangement fee: 1%

Other: Rent cover reduced to 125%.

Contact: 020 8748 0258

Platform

Product: Buy-to-let self-cert discount mortgage

Description: 1.5% discount from Libor + 3.75% to 1/5/2005.

Rate: 6.37%

Max LTV: 75%

Redemption penalty: 6%/6%/5%/ 4% in first four years.

Procuration fee: 1%, minimum £500, maximum £5,000.

Arrangement fee: £395

Other: CCJs to £3,000, two months’ arrears in last 12 months.

Contact: 0845 070 1999

Product: Conforming buy-to-let fixed rate mortgage

Description: Fixed until 1/5/2005.

Rate: 5.25%

Max LTV: 85%

Redemption penalty: 4% until 1/5/2005.

Procuration fee: 0.5%, minimum £250, maximum £3,500.

Arrangement fee: £395

Other: Clean credit history only, available for purchase and remortgage.

Contact: 0845 070 1999

Bristol & West Investments

Product: Residential bridging loan

Description: Two to 12-month facility.

Rate: From 1% per month

Max LTV: 70%

Redemption penalty: None, providing first two months’ interest has been paid.

Procuration fee: 1%

Arrangement fee: 1%

Other: Non-status deals available, second charge facility from 1.25% per month.

Contact: 0117 9702 703

Product: Commercial bridging loan

Description: Two to 12-month facility.

Rate: From 1.25% per month.

Max LTV: 65%

Redemption penalty: None providing first two months’ interest has been paid.

Procuration fee: 1%

Arrangement fee: 1%

Other: Non-status deals available, second charge facility from 1.25% per month.

Contact: 0117 9702 703

Coventry BS

Product: Flexx capped mortgage

Description: Capped at 5.6% to 31/12/2008.

Rate: 4.55%

Max LTV: 95%

Redemption penalty: None

Procuration fee: Negotiable

Arrangement fee: £295

Other: Free valuation, free remortgage transfer, daily interest.

Contact: 0845 766 5522

Halifax

Product: Three-year tracker capped rate mortgage

Description: Capped at 5.25%, tracks BBR + 0.75%.

Rate: 4.75%

Max LTV: 97%

Redemption penalty: 3% to 30/6/2004, 2% to 30/6/2005, 1% to 30/6/2006.

Procuration fee: Refer to lender.

Arrangement fee: £299

Contact: 01422 394 620

Coventry BS

Product: First-time buyer stepped discount mortgage

Description: 1.4% discount to 30/9/2005, then 0.76% discount to 30/9/2008.

Rate: 4.35%

Max LTV: 95%

Redemption penalty: None

Procuration fee: Negotiable

Arrangement fee: None

Other: No MIG, free valuation.

Contact: 0845 766 5522

Product: Flexx fixed discount remortgage

Description: Fixed to 30/9/2005 then 0.76% discount to 30/9/2008.

Rate: 4.4%

Max LTV: 95%

Procuration fee: Negotiable

Arrangement fee: £195

Other: Free remortgage transfer service, free valuation.

Contact: 0845 766 5522

Mortgage Intelligence

Product: FlexAbility mortgage

Funded by: Mortgage Express

Description: 1.39% discount for one year.

Rate: 3.6% to 95% LTV, 3.4% to 75% LTV.

Max LTV: 95%

Redemption penalty: None

Procuration fee: 0.35%

Arrangement fee: £325

Other: Reverts to BBR + 0.99%/0.75%.

Contact: 0845 1304 732

Pink Home Loans

Product: Exclusive Adverse

Funded by: Birmingham MS

Description: 0.75% discount for two years.

Rate: 5.2%

Max LTV: 85%

Redemption penalty: 5% of amount repaid in year one, 4% in year two.

Procuration fee: 0.5%, minimum £250, maximum £2,500.

Arrangement fee: £299

Other: Maximum £4,000 CCJs in last six months, two arrears in last 12 months, bankrupts discharged one year.

Contact: www.pink.uk.net

Product: 100% one-year discount mortgage

Funded by: Amber Homeloans

Description: 1.5% discount for one year.

Rate: 4.39%

Max LTV: 100%

Redemption penalty: 5% in first year, 4% in second and 3% in third.

Procuration fee: 0.35%, minimum £200, maximum £2,500.

Arrangement fee: £195

Other: No adverse, MIG of 12% of advance above 75% LTV, first-time buyers accepted.

Contact: www.pink.uk.net

Platform

Product: Minor adverse two-year discount mortgage

Description: 1.5% discount to 1/5/0205.

Rate: 5.12%

Max LTV: 90%

Redemption penalty: 5%/3%/2% in first three years, then one month’s notice or interest.

Procuration fee: 1%, minimum £500, maximum £5,000.

Arrangement fee: £395

Other: Full status only, CCJs to £1,000. No CCJs or defaults in last 12 months.

Contact: 0845 070 1999

Coventry BS

Product: Fixed rate mortgage

Description: Fixed to 31/12/2008.

Rate: 4.85%

Max LTV: 95%

Redemption penalty: Six months’ interest to 31/12/2008, option to repay 5% pa without penalty.

Procuration fee: Negotiable

Arrangement fee: £295

Other: Free valuation, free remortgage transfer.

Contact: 0845 766 5522

Product: First-time buyer fixed rate mortgage

Description: Fixed to 30/9/2005, then 0.76% discount until 30/9/2008.

Rate: 4,45%

Max LTV: 95%

Redemption penalty: None

Procuration fee: Negotiable

Other: No MIG, free valuation.

Contact: 0845 766 5522

Ipswich BS

Product: Fixed rate mortgage

Description: Fixed until 30/4/2006.

Rate: 4.5% to 80% LTV, 4.95% to 95% LTV.

Max LTV: 95%

Redemption penalty: 3% in fixed rate period, up to 50% repayment without penalty.

Procuration fee: Negotiable

Arrangement fee: £250

Other: Daily interest, portable, no compulsory insurances.

Contact: 01473 211 021

Product: Fixed rate mortgage

Description: Fixed until 30/4/2005.

Rate: 3.25% to 80% LTV, 3.75% to 95% LTV.

Max LTV: 95%

Redemption penalty: 3% in fixed rate period, up to 50% repayment without penalty.

Procuration fee: Negotiable

Arrangement fee: £250

Other: Daily interest, portable, no compulsory insurances.

Contact: 01473 211 021

Market Harborough

Product: Two-year fixed rate mortgage

Description: Four rates with differing penalties extended after fixed rate period.

Rate: 2.74% with three-year extended penalty, 3.74% two-year extended, 4.24% one-year extended, 4.99% no extended penalty.

Max LTV: 90%

Redemption penalty: Six months’ interest at SVR for fixed period plus extension, then one month’s interest or notice, repayments to 10% allowed without penalty.

Procuration fee: £300 plus £75 if LTV is less than 75% and loan is more than £75,000.

Arrangement fee: £295

Other: Refund of first three months’ ASU payments, three months’ free buildings and contents, flexible options.

Contact: 01858 463 244

Norwich & Peterborough

Product: Fixed rate mortgage

Description: Fixed for 10 years.

Rate: 4.98%

Max LTV: 90%

Redemption penalty: 5% of outstanding balance in first seven years, 4% in year eight, 3% in year nine and 2% in year 10.

Procuration fee: 0.25%, minimum £125, maximum £1,000.

Arrangement fee: £300

Other: Flexible features available, overpayments can fund underpayments.

Contact: 0845 300 3444

Pink Home Loans

Product: Fixed rate mortgage

Funded by: Bristol & West

Description: Fixed for five years.

Rate: 4.59%

Max LTV: 95%

Redemption penalty: 7% of the amount repaid for one year, 6% for next two years, then 5% for two years.

Procuration fee: 0.3%

Arrangement fee: £299

Other: No MIG.

Contact: www.pink.uk.net

Product focus

Newcastle Building Society has launched a new Offset Base Rate Tracker Mortgage. The product carries a payment rate of 3.9% (a discount of BBR minus 0.1%) for six months then reverts to 4.5% (BBR + 0.5%) for the remainder of the term. The discount attracts no early repayment charges.

The account can be operated online 24-hours-a-day and allows the transference of funds, and the viewing of statements and account balances. It offers the option to link-up to three external savings or current accounts to transfer money in and out of the Offset savings account.

Robert Hollinshead, chief executive of Newcastle BS, said: ‘Offset mortgages are an effective way of making savings work harder for you, particularly in a low interest rate environment. We believe our offset product is a genuine best buy, offering a market-leading rate. Even without the offset, this product still has the best long-term underlying rate, with the added bonus of no tie-ins.’

Available up to 85% LTV, the product attracts a £295 completion fee. The mortgage comes with free buyers’ cost insurance.

Contact: 0845 606 4488

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