Genesis Home Loans
Product: Andromeda buy-to-let two-year fixed rate mortgage
Description: Fixed until 01/09/05
Rate: 4.65% to 75% LTV, 4.75% to 85% LTV
Max LTV: 85%
Redemption penalty: 4% of the amount redeemed until 01/09/05.
Procuration fee: 0.5%, minimum £250
Arrangement fee: £395
Other: MIG from 75% LTV, reverts to BBR+1.95%.
Contact: 0870 2421213
Product: Hercules buy-to-let two-year fixed rate mortgage
Description: Fixed until 01/09/05
Rate: 4.35% to 75% LTV, 4.45% to 85% LTV.
Max LTV: 85%
Redemption penalty: 4% of the amount redeemed until 01/09/05.
Procuration fee: 0.5%, minimum £250.
Arrangement fee: £395
Other: MIG from 75% LTV, reverts to BBR+1.95%, 3.5+1 or 3x joint self- cert income.
Contact: 0870 2421213
Leeds & Holbeck BS
Product: Five-year fixed rate buy-to- let mortgage
Description: Fixed until 01/08/08
Rate: 4.99%
Max LTV: 75%
Redemption penalty: 5% tapering to 1% until 01/08/08.
Procuration fee: Standard terms apply.
Arrangement fee: £449
Other: Capital repayments of up to 20% allowed annually without penalty.
Contact: 0121 643 6741
Mortgage 2000
Product: Exclusive ten to let tracker mortgage
Funded by: The Mortgage Business
Description: BBR+1.75% for term
Rate: 5.5%
Max LTV: 85%
Redemption penalty: None
Procuration fee: 0.5%, maximum £2,500.
Arrangement fee: 1%
Other: No MIG
Contact: 0845 345 5701
Pink Home Loans
Product: Buy-to-let fixed rate mortgage
Funded by: Mortgage Express
Description: Fixed to 03/09/13
Rate: 5.35%
Max LTV: 85%
Redemption penalty: Six months’ interest at the fixed rate until 03/09/13.
Procuration fee: 0.5%, no maximum
Arrangement fee: £399
Other: Reverts to BBR+1.75%. Up to one CCJ/default if satisfied 12 months.
Contact: www.pink.uk.net
Product: Discounted buy to let tracker mortgage
Funded by: Derbyshire BS
Description: 0.95% discount for four years.
Rate: 4.55%
Max LTV: 80%
Redemption penalty: 2% of the amount repaid for four years.
Procuration fee: 0.35%, minimum £150, maximum £500.
Arrangement fee: £475
Other: Free valuation
Contact: www.pink.uk.net
Leeds & Holbeck
Product: Discount mortgage
Description: 2% discount for three years.
Rate: 3.65%
Max LTV: 95%
Redemption penalty: Tapered charges of six, five, four months’ interest at SVR over the first three years.
Procuration fee: Standard rates apply
Arrangement fee: £299
Other: No MIG to 90% LTV.
Contact: 0121 643 6741
Bristol & West
Product: Two-year fixed rate mortgage
Description: Fixed until 31/07/05
Rate: 3.39%
Max LTV: 95%
Redemption penalty: 5% until 31/07/05.
Procuration fee: Negotiable
Arrangement fee: £299
Contact: 0117 943 7755
Product: Five-year fixed rate mortgage
Description: Fixed until 31/07/08
Rate: 3.95%
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: £299
Contact: 0117 943 7755
Norwich and Peterborough BS
Product: Fixed rate mortgage
Description: Fixed for 10 years
Rate: 4.78%
Max LTV: 90%
Redemption penalty: 5% of the outstanding balance for the first seven years, 4%: year eight, 3%: year nine, 2%: year ten.
Procuration fee: 0.25%
Arrangement fee: £325
Other: No compulsory insurance, flexible features.
Contact: 0845 300 3444
Woolwich
Product: Openplan flexible two-year fixed rate mortgage
Description: Fixed until 31/08/05
Rate: 3.59%
Max LTV: 95%, remortgages 90%
Redemption penalty: Six months’ interest at the fixed rate interest or Woolwich SVR, whichever is higher, to 31/08/05.
Procuration fee: On application
Arrangement fee: £295
Other: Capital repayments of up to 10% allowed annually without penalty.
Contact: 0845 604 0581
Product: Open plan flexible three-year fixed rate mortgage
Description: Fixed until 31/08/06
Rate: 3.99%
Max LTV: 95%, remortgages 90%
Redemption penalty: Six months’ interest at the fixed rate interest or Woolwich SVR, whichever is higher, to 31/08/06.
Procuration fee: On application
Arrangement fee: £295
Other: Capital repayments of up to 10% allowed annually without penalty.
Contact: 0845 604 0581
Product: Open plan flexible five-year fixed rate mortgage
Description: Fixed until 31/08/08
Rate: 4.29%
Max LTV: 95%, remortgages 90%
Redemption penalty: Six months’ interest at the fixed rate interest or Woolwich SVR, whichever is higher, to 31/08/08.
Procuration fee: On application
Arrangement fee: £295
Other: Capital repayments of up to 10% allowed annually without penalty.
Contact: 0845 604 0581
County Mortgages
Product: Self-cert fixed rate mortgage
Funded by: Bristol & West
Description: Fixed for 48 months
Rate: 4.85% to 75%LTV, 5.09% to 85% LTV, 5.29% to 90% LTV
Max LTV: 90%
Redemption penalty: 6% of sum repaid for 12 months, 5% for 24 months then 4% for a further 12 months
Procuration fee: 0.5%
Arrangement fee: £299
Other: No MIG, FTBs allowed. Employed and self-employed.
Contact: 01489 886777
Genesis Home Loans
Product: Pegasus flexible self-cert mortgage
Description: BBR+1.48% for life
Rate: 5.23%
Max LTV: 85%
Redemption penalty: None
Procuration fee: 0.5%, minimum £250
Arrangement fee: £395
Other: Employed and self-employed, FTBs acceptable, over/under-payments and holidays allowed.
Contact: 0870 2421213
Mortgage 2000
Product: Exclusive self-cert discount 2004
Funded by: The Mortgage Business
Description: 1.4% discount until 01/07/04
Rate: 4.34%
Max LTV: 85%
Redemption penalty: Three, two, one month’s interest at base (currently 5.74%) in the first three years, one month’s interest or notice thereafter.
Procuration fee: 0.5%, maximum £2,500
Arrangement fee: £299
Contact: 0845 345 5701
Bristol & West
Product: Three-year tracker mortgage
Description: BBR+0.05% until 31/07/06
Rate: 3.8%
Max LTV: 75%
Redemption penalty: 5% until 31/07/05, 4% until 31/07/07.
Procuration fee: Negotiable
Arrangement fee: £299
Other: No valuation fee, £300 cash back
Contact: 0117 943 7755
Genesis Home Loans
Product: Orion full status one-year tracker
Description: BBR+0.5% for one year
Rate: 4.25%
Max LTV: 95%
Redemption penalty: One month’s notice or 1% of amount redeemed.
Procuration fee: 0.35%
Arrangement fee: £395
Other: FTBs allowed, reverts to BBR+1.25%
Contact: 0870 2421213
Leeds & Holbeck BS
Product: Fee-free tracker mortgage
Description: BBR+0.24% to 90% LTV until 01/08/05, BBR+0.74% to 95% LTV until 01/08/05.
Rate: 3.99%/4.49%
Max LTV: 95%
Redemption penalty: Tapered charges of six/five/four months’ interest at SVR until 01/08/05.
Procuration fee: Standard terms apply
Arrangement fee: None
Other: No MIG, free valuation to £250, free legals for remortgages.
Contact: 0121 643 6741
Leeds & Holbeck helps younger buyers
Leeds & Holbeck Building Society has introduced a ˜First Steps’ guarantor mortgage enabling young professional buyers to borrow up to £250,000 with assistance from their family. It offers a stepped rate of 4.49% to 90% LTV until August 2005, then 5.49% until August 2008. A LTV to 95% carries a rate of 4.99% until August 2005 then 5.99% until August 2008.
Aimed at Greater London ‘ where many young professionals and graduates seek their first job ‘ but where the average one bedroom flat currently costs around £195,100 ‘ the ˜First Steps’ mortgage uses parents (or another close family members) income as a basis for borrowing an increased amount. The maximum mortgage available is calculated on the guarantor’s income less existing commitments.
The Society’s normal income criteria is applied to assess the mortgage, but by using the guarantor’s income as a basis for the maximum loan.
The guarantor can be released at any time providing the borrowers income covers the outstanding mortgage. Capital repayments of up to 20% are allowed each year penalty free, with redemption penalties set at five, four, three, two, one month’s interest at SVR in the first five years.
Contact: 08450 50 50 62