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
