Abacus Permanent
Product: Prime variable discount buy-to-let mortgage
Description: BBR+0.7% to 31/01/06.
Rate: 4.45%
Max LTV: 85%
Redemption penalty: 5% of outstanding loan until 31/01/05 then 4% until 31/01/06.
Procuration fee: 0.4%
Arrangement fee: £499
Other: Not available to FTBs, no MIG.
Contact: 0845 330 4128
Product: Prime fixed rate buy-to-let mortgage
Description: Fixed for 12 months, then BBR+0.5% for 12 months, then BBR+1.5% for 12 months.
Rate: 4.35%
Max LTV: 85%
Redemption penalty: 5% of outstanding loan for 12 months then 4% for 12 months.
Procuration fee: 0.4%
Arrangement fee: £499
Other: Not available to FTBs, no MIG.
Contact: 0845 330 4128
Product: Prime fixed rate buy-to-let mortgage
Description: Fixed for 24 months, then BBR+0.99% for 12 months.
Rate: 4.99%
Max LTV: 85%
Redemption penalty: 5% of outstanding loan for 24 months then 4% for 12 months.
Procuration fee: 0.4%
Arrangement fee: £499
Other: Not available to FTBs, no MIG.
Contact: 0845 330 4128
Pink Home Loans
Product: Buy-to-let fixed rate mortgage
Funded by: Bristol & West CMS
Description: Fixed to 31/07/08
Rate: 5.09%
Max LTV: 85%
Redemption penalty: 7% until 31/07/04, 6% until 31/07/06 then 5% until 31/07/08.
Procuration fee: 0.3%, minimum £100.
Arrangement fee: £399
Other: Annual interest.
Contact: www.pink.uk.net
Bristol & West
Product: Two-year discount mortgage
Description: 2.24% discount until 31/07/05.
Rate: 3.55%
Max LTV: 95%
Redemption penalty: 5% until 31/07/05.
Procuration fee: Negotiable
Arrangement fee: £299
Contact: 0117 943 7755
Exclusive Connections
Product: Shared exclusive discount mortgage
Funded by: Bristol & West CMS
Description: 2.8% of SVR for two years.
Rate: 2.99%
Max LTV: 95%
Redemption penalty: 5% of the sum repaid for two years then 4% for one year.
Procuration fee: Negotiable
Arrangement fee: £299
Other: One CCJ or default up to £250, FTB with default or CCJ in last three years not accepted, MIG from 85%.
Contact: 0870 330 1817
Pink Home Loans
Product: Heavy adverse self-cert discount mortgage
Funded by: Amber Homeloans
Description: 0.5% discount to 31/07/05.
Rate: 5.68%
Max LTV: 85%
Redemption penalty: 5% in year one, 4% in year two, 3% in year three.
Procuration fee: 0.75%, minimum £200, maximum £4,000.
Arrangement fee: £395
Other: MIG from 75% LTV at 7%, unlimited CCJs to £20,000, defaults under £25,000 ignored, up to four missed payments in the last 12 months accepted, maximum two in the last six months.
Contact: www.pink.uk.net
Product: Medium adverse discount mortgage
Funded by: Amber Homeloans
Description: 1% discount to 31/07/05.
Rate: 4.68%
Max LTV: 85%
Redemption penalty: 5% in year one, 4% in year two and 3% in year three.
Procuration fee: 0.75%, minimum £200, maximum £4,000.
Arrangement fee: £395
Other: Defaults under £25,000 ignored, unlimited CCJs to £10,000, up to three missed payments in the last 12 months, maximum one missed in the last six months.
Contact: www.pink.uk.net
Amber Homeloans
Product: Light adverse fixed rate mortgage
Description: Fixed until 31/07/05
Rate: 4.19% status, 4.49% self-cert
Max LTV: 85%
Redemption penalty: 5% in year one, 4% in year two, 3% in year three.
Procuration fee: Negotiable
Arrangement fee: £395
Other: Unlimited CCJs to £5,000, two missed monthly payments in the last 12 months, none in the last six months, capital repayments up to 10% allowed each year without charge.
Contact: 0870 601 3205
Product: Medium adverse fixed rate mortgage
Description: Fixed until 31/07/05
Rate: 4.49% status, 4.99% self-cert
Max LTV: 85%
Redemption penalty: 5% in year one, 4% in year two, 3% in year three.
Procuration fee: Negotiable
Arrangement fee: £395
Other: Unlimited CCJs to £10,000, three missed monthly payments in the last 12 months, one in the last six months, capital repayments up to 10% allowed each year without charge.
Contact: 0870 601 3205
Product: Heavy adverse fixed rate mortgage
Description: Fixed until 31/07/05
Rate: 4.99% status, 5.49% self-cert
Max LTV: 85%
Redemption penalty: 5% in year one, 4% in year two, 3% in year three.
Procuration fee: Negotiable
Arrangement fee: £395
Other: Unlimited CCJs to £20,000, four missed monthly payments in the last 12 months, two in the last six months, capital repayments up to 10% allowed each year without charge.
Contact: 0870 601 3205
BM Solutions
Product: Two-year fixed rate mortgage
Description: Fixed until 01/06/05
Rate: 3.89%
Max LTV: 85%
Redemption penalty: 5%/4%/ 4%/3%/2% in first five years to 01/06/08.
Procuration fee: 0.5%, minimum £200, maximum £5,000
Arrangement fee: £349
Other: No MIG, extra £50 proc fee for online applications.
Contact: www.bmsolutions.co.uk 0845 6000227
Product: Two-year fixed rate mortgage
Description: Fixed until 01/06/05
Rate: 4.39%
Max LTV: 85%
Redemption penalty: 5% to 01/06/04 then 4% to 01/06/05.
Procuration fee: 0.5%, minimum £200, maximum £5,000
Arrangement fee: £349
Other: No MIG, extra £50 proc fee for online applications.
Contact: www.bmsolutions.co.uk 0845 6000227
Product: Fixed rate mortgage
Description: Fixed until 31/07/08
Rate: 4.75%
Max LTV: 95%
Redemption penalty: 7% until 31/07/04, 6% until 31/07/06, 5% until 31/07/08.
Procuration fee: Negotiable
Arrangement fee: None
Other: No valuation fee, no MIG.
Contact: 0117 943 7755
Leeds & Holbeck BS
Product: Fixed rate mortgage
Description: Fixed for two years
Rate: 3.99%
Max LTV: 95%
Redemption penalty: None
Procuration fee: 0.25%
Arrangement fee: 0.5%, minimum £299.
Other: Free valuation to £340, no higher lending fee to 90%.
Contact: 0121 643 6741
Pink Home Loans
Product: Fixed rate mortgage
Funded by: Bristol & West CMS
Description: Fixed until 31/07/08
Rate: 4.49%
Max LTV: 95%
Redemption penalty: 7% until 31/07/04, 6% until 31/07/06 then 5% until 31/07/08.
Procuration fee: 0.3%, minimum £100.
Arrangement fee: £299
Other: Annual interest.
Contact: www.pink.uk.net
BM Solutions
Product: Remortgage special two-year stepped tracker mortgage
Description: BBR+0.99% in year one and BBR+1.49% year two.
Rate: 4.49%
Max LTV: 85%
Redemption penalty: 5% in first year and 4% in the second year.
Procuration fee: 0.5%, minimum £200, maximum £5,000.
Arrangement fee: £349
Other: No MIG, extra £50 proc fee for online applications.
Contact: www.bmsolutions.co.uk 0845 6000227
Product: Remortgage special three-year stepped tracker mortgage
Description: BBR+1.24% for three years.
Rate: 4.74%
Max LTV: 85%
Redemption penalty: 5% in first year and 4% in the second year, 3% in the third.
Procuration fee: 0.5%, minimum £200, maximum £5,000.
Arrangement fee: £349
Other: No MIG, extra £50 proc fee for online applications.
Contact: www.bmsolutions.co.uk 0845 6000227
Pink Home Loans
Product: Tracker discount Mortgage
Funded by: BM Solutions
Description: BBR+1.85% for three years.
Rate: 5.6%
Max LTV: 85%
Redemption penalty: 5% of the amount repaid in year one, 4% in year two, 3% in year three.
Procuration fee: 0.75%, minimum £250, maximum £5,000.
Arrangement fee: £325
Other: Reverts to BBR+2.05%, defaults ignored, CCJs to £7,500, maximum three months arrears in the last 12 months.
Contact: www.pink.uk.net
Universal extends its fixed rate portfolio
The Universal Building Society has released a new mortgage portfolio. The range includes five new fixed rate mortgages, including a fixed rate of 3.77% until July 2005 and a fixed rate of 4.55% until 1 July 2008. Topically for those looking for a longer-term solution, a fixed rate of 4.99% until 1 July 2013 is also available. All the new fixed rate mortgages include a free valuation fee, daily interest and the ability to make annual capital repayments of up to 10% of the balance without penalty. The new portfolio also includes three new base rate tracker mortgages, for both house purchases and remortgages and a new 1.55% discount for two years. Kevin Robinson, chief executive of Universal Building Society, said: ‘Many people are keen to take advantage of some of the lowest rates for 30 years. We also recognise that our borrowers’ circumstances vary and, as such, our new mortgage portfolio reflects this. Whether borrowers are looking to remortgage, be certain of their repayments in the short, medium or long-term, or prefer to link their rate to the Bank of England’s base rate, this new range of mortgages can accommodate their needs.’ The range includes additional features such as free legal fees for remortgages or cashback for house purchases.
Contact: 0800 028 83 83
