Pink Home Loans
Product: Buy-to-let fixed rate mortgage
Funded by: Mortgage Express
Description: Fixed to 03/09/08
Rate: 4.99%
Max LTV: 85%
Redemption Penalty: Six months’ interest at the fixed rate until 03/09/08
Procuration Fee: 0.5%, no maximum
Arrangement Fee: £399
Other: Underlying rate BBR+1.75%, no MIG, up to one CCJ/default satisfied 12 months previously.
Contact: www.pink.uk.net
Pink Home Loans
Product: Buy-to-let fixed rate mortgage
Funded by: Mortgage Express
Description: Fixed until 03/09/04
Rate: 2.49%
Max LTV: 85%
Redemption Penalty: Six months’ interest at the underlying variable rate until 03/09/06
Procuration Fee: 0.5%, no maximum
Arrangement Fee: £399
Other: Underlying variable rate BBR+ 1.75%, no MIG, up to one CCJ/default satisfied 12 months previously.
Contact: www.pink.uk.net
Market Harborough BS
Product: Lifetime discount mortgage
Description: 1.3% discount for life of mortgage
Rate: 4.34%
Max LTV: 90%
Redemption penalty: None, one month’s notice required
Procuration fee: Refer to lender
Arrangement fee: £95
Other: Free buildings and contents insurance for three months, refund of the first three months premiums on ASU. Free valuation.
Contact: 01858 463244
Chelsea BS
Product: Fixed rate mortgage
Description: Fixed until 01/08/05
Rate: 3.48%
Max LTV: 95%
Redemption Penalty: 3% until 01/08/05
Procuration Fee: Negotiable
Arrangement Fee: £295
Other: Free legal fees or £200 contribution to legal fees in NI or Scotland, MIG from 90%.
Contact: 0800 29291
Chelsea BS
Product: Fixed rate mortgage
Description: Fixed until 01/08/06
Rate: 3.79%
Max LTV: 95%
Redemption Penalty: 3% until 01/08/06
Procuration Fee: Negotiable
Arrangement Fee: £295
Other: Free legal fees or £200 contribution to legal fees in NI or Scotland, MIG from 90%.
Contact: 0800 29291
Halifax
Product: Fixed rate mortgage
Description: Fixed for 10 years
Rate: 4.99%
Max LTV: 97%
Redemption penalty: 5% for the first six years, 4% in year seven, 3% in year eight, 2% in year nine and 1% in year 10.
Procuration fee: Refer to lender
Arrangement fee: £199
Other: Up to 10% capital repayment allowed annually without penalty, portable.
Contact: 08457 273747
Halifax
Product: Fixed rate mortgage
Description: Fixed for five years
Rate: 3.99% to 80% LTV, 4.39% to 97% LTV, for remortgages 4.39% and 4.79% respectively
Max LTV: 97%
Redemption Penalty: 5% for the first year, 4% in year two, 3% in year three, 2% in year four, 1% in year five.
Procuration fee: Refer to lender
Arrangement fee: £199
Other: Up to 10% capital repayment allowed annually without penalty, portable.
Contact: 08457 273747
Market Harborough BS
Product: Fixed rate mortgage
Description: Fixed for two years
Rate: 1.35%
Max LTV: 90%
Redemption penalty: 5% in the first three years, 3% in year four and 2% in year five, 10% overpayment in each calendar year allowed without penalty.
Procuration fee: Refer to lender
Arrangement fee: £295
Other: Free buildings and contents insurance for three months, refund of the first three months premiums on ASU. Free valuation.
Contact: 01858 463244
Nationwide
Product: Fixed rate mortgage
Description: Fixed for five years
Rate: 4.09% to 75%LTV, 4.19% to 90%LTV, 4.49% to 95% LTV
Max LTV: 95%
Redemption penalty: 5%, 4%, 3%, 2%, 1% in the first five years
Procuration fee: Refer to lender
Arrangement fee: £185
Other: No MIG, 12 months free MPPI, remortgage valuation fees refunded, flexible features, daily interest.
Contact: 0800 302010
Nationwide
Product: Fixed rate mortgage
Description: Fixed for three years
Rate: 3.89% to 75%LTV, 3.99% to 90%LTV, 4.29% to 95%LTV
Max LTV: 95%
Redemption penalty: 3%, 2%, 1% in the first three years
Procuration fee: Refer to lender
Arrangement fee: £185
Other: No MIG, 12 months free MPPI, remortgage valuation fees refunded, flexible features, daily interest.
Contact: 0800 302010
Nationwide
Product: Fixed rate mortgage
Description: Fixed for two years
Rate: 3.59% to 75%LTV, 3.69% to 90%LTV, 3.99% to 95%LTV
Max LTV: 95%
Redemption penalty: 2%, 1% in the first two years
Procuration fee: Refer to lender
Arrangement fee: £185
Other: No MIG, 12 months free MPPI, remortgage valuation fees refunded, flexible features, daily interest.
Contact: 0800 302010
Skipton BS
Product: Flexible three-year fixed rate mortgage
Description: Fixed until 30/09/06
Rate: 3.99%
Max LTV: 95%
Redemption penalty: 3% to 30/09/06, up to 10% repayments allowed annually without penalty
Procuration fee: Negotiable
Arrangement fee: £295
Other: Reverts to SVR with 0.75% discount, free valuation, free ASU cover for six months, 0.5% cash back.
Contact: 0845 7 17 1777
Genesis Home Loans
Product: Apollo 5 self cert fixed rate mortgage
Funded by: GMAC-RFC
Description: Fixed until 01/09/05
Rate: 5.89%
Max LTV: 85%
Redemption penalty: 6%, 5%, 4%, interest for the first three years, thereafter one month’s notice or interest in lieu
Procuration fee: Refer to packager
Arrangement fee: £395
Other: No MIG, maximum £7,500 CCJs, three months arrears in last 12 months, defaults ignored, newly discharged bankrupts allowed.
Contact: 0870 242 1213
Genesis Home Loans
Product: Apollo 4 self-cert fixed rate mortgage
Funded by: GMAC-RFC
Description: Fixed until 01/09/05
Rate: 5.89%
Max LTV: 75%
Redemption penalty: 6%, 5%, 4%, interest for the first three years, thereafter one month’s notice or interest in lieu
Procuration fee: Refer to packager
Arrangement fee: £395
Other: No MIG, unlimited CCJs, unlimited arrears, defaults ignored, newly discharged bankrupts allowed.
Contact: 0870 242 1213
Mortgage Next
Product: Self-cert fixed rate mortgage
Funded by: Platform
Description: Fixed until 01/09/05
Rate: 4.39%
Max LTV: 85%
Redemption penalty: 5% on full or part redemption until 01/09/05
Procuration fee: 0.6%
Arrangement fee: £395
Other: Reverts to BBR+1.95%
Contact: 01883 333100
Mortgage Next
Product: Self-cert fixed rate mortgage
Funded by: Platform
Description: Fixed until 01/09/05
Rate: 4.59%
Max LTV: 85%
Redemption penalty: 5% on full or part redemption until 01/09/05
Procuration fee: 0.6%
Arrangement fee: £395
Other: Reverts to BBR+1.95%, £500 cash back.
Contact: 01883 333100
Pink Home Loans
Product: Self-cert fixed rate mortgage
Funded by: Mortgage Express
Description: Fixed until 03/09/06
Rate: 4.95%
Max LTV: 90%
Redemption penalty: Six months’ interest at the fixed rate until 03/09/06
Procuration fee: 0.5%
Arrangement fee: £325
Other: Underlying rate BBR+2%, no MIG, up to one CCJ/default satisfied 12 months previously.
Contact: www.pink.uk.net
Pink Home Loans
Product: Self-cert fixed rate mortgage
Funded by: BM Solutions
Description: Fixed until 01/09/05
Rate: 5.49%
Max LTV: 85%
Redemption penalty: 5% of the amount repaid to 01/09/04 then 4% of the amount repaid to 01/09/05
Procuration fee: 0.75%, minimum £250, maximum £5,000
Arrangement fee: £399
Other: Underlying rate BBR+2.25%, no MIG, CCJs registered over three years ago, arrears registered over 12 months ago and all defaults ignored. CCJs to £7,500 in the last three years allowed, up to three months arrears in the last 12 allowed.
Contact: www.pink.uk.net
Irish Permanent offers offshore option
Irish Permanent International (IPI) has introduced a new mortgage product, Offshore Remortgage, designed to allow buy-to-let investors to release equity on their existing properties.
The product allows the borrower to take advantage of an offshore tax jurisdiction and is available as a flexi- tracker at 5.24% (Bank Base + 1.49%), a two-year fixed at 5.24% or a three-year fixed at 5.49%. Early redemption attracts a penalty of 5% of the redeeming balance in the fixed rate period, but the tracker product has no early redemption penalty.
The Offshore Remortgage allows borrowers with offshore companies or trusts to re-mortgage their existing properties at up to 85% LTV. The mortgage has a 1% arrangement fee and is MIG free. The procuration fee uncapped at 0.5%. The maximum loan size is 85% of £1m, and, as self-certification, a limit of £350,000 is placed upon the self-employed.
Graham Hanrahan, business development manager at IPI, said: ‘This is a good opportunity to remortgage. The borrower now has the option of setting up an offshore company and remortgaging through that company.’ The product is available to individuals who set up an offshore company or trust.
Contact: 01624 641641
