Bristol and West
Product: Buy-to-let fixed rate mortgage
Description: Fixed until 30/09/2008
Rate: 5.39%
Max LTV: 85%
Redemption penalty: 7% until 30/09/2004. 6%/6%/5%/5% annually thereafter
Procuration fee: Refer to lender
Arrangement fee: £299
Other: £499 non returnable booking fee.
Contact: 0117 9437755
Bristol and West
Product: Buy-to-let remortgage
Description: Fixed until 30/09/2008
Rate: 5.89%
Max LTV: 85%
Redemption penalty: 7% until 30/09/2004. 6%/6%/5%/5% annually thereafter.
Procuration fee: Refer to lender
Arrangement fee: £299
Other: Free legals and valuation
Contact: 0117 9437755
Genesis Home Loans
Product: Buy-to-let stepped fixed rate mortgage
Description: Fixed until 01/01/2006
Rate: 4.45% until 01/01/2005, then 4.99% until 01/01/2006. Reverts to BBR + 1.95%.
Max LTV: 85%
Redemption penalty: 4% until 01/01/2006
Procuration fee: 0.5% of loan, minimum £250.
Arrangement fee: £395
Other: MIG above 75% LTV charged at 6.95%
Contact: 0870 2421213
Leeds & Holbeck
Product: Buy-to-let remortgage
Description: Variable rate
Rate: 5.79%
Max LTV: 75%
Redemption penalty: None
Procuration fee: Refer to lender
Arrangement fee: £149
Other: Unlimited capital repayments
Contact: 0121 643 6741
Leeds & Holbeck
Product: Buy-to-let fixed rate
Description: Fixed until 01/12/2006
Rate: 4.99%
Max LTV: 75%
Redemption penalty: Tapered charges of 6/5/4 months interest at standard variable rate.
Procuration fee: Refer to lender
Arrangement fee: £449
Other: 10% capital repayments allowed each year.
Contact: 0121 643 6741
Northern Rock
Product: Flexible fixed buy to let
Description: Fixed for 5 years
Rate: 5.79%
Max LTV: 70%
Redemption penalty: 3% of original loan on full redemption within fixed rate period.
Procuration fee: Refer to lender
Arrangement fee: £595
Contact: 0191 273 6545
Cambridge Building Society
Product: Capped base rate tracker mortgage
Description: Variable interest rate, capped at 0.25% above BBR for three years
Rate: 3.75%
Max LTV: 80%
Redemption penalty: 3% in year one, 2% in year two, 1% in year three.
Procuration fee: Refer to lender
Arrangement fee: £185
Other: Reverts to variable home loan rate at end of third year.
Contact: www.cambridgebs.co.uk
Genesis Home Loans
Product: Adverse credit full status discount
Description: Fixed until 01/07/2005
Rate: 1.75% discount from LIBOR+2%
Max LTV: 90%
Redemption penalty: 6%/6%/5%/4%
Procuration fee: 1% of loan minimum £500
Arrangement fee: £395
Other: £1,000 CCJs (none in last three months), all defaults ignored, one month’s arrears in last 12 months (none in last three) bankruptcy/IVA – discharged/ completed one year (IVA – no new arrangements in last three months.
Contact: 0870 2421213
Leeds & Holbeck
Product: Flexible discounted mortgage
Description: Discount for three years
Rate: 4.39%
Max LTV: 95%
Redemption penalty: None
Procuration fee: Refer to lender
Arrangement fee: None
Other: Free in-house legal services for remortgages.
Contact: 0121 643 6741
Pink Home Loans
Product: Fast track adverse discount
Funded by: Platform
Description: Discounted until 01/01/05
Rate: 6.05%
Max LTV: 85%
Redemption penalty: 6% of amount redeemed in years one and two, 5% in year three. Thereafter one month’s notice or 1% of the amount redeemed.
Procuration fee: Refer to lender
Arrangement fee: £395
Other: Defaults ignored, unlimited CCJs but none in last three months, arrears – none in last three months. Bankrupts must be discharged, IVA must be discharged or if current conducted satisfactorily.
Contact: www.pink.uk.net
Pink Home Loans
Product: Medium adverse discount
Funded by: Platform
Description: Discounted until 01/01/2005
Rate:5.3%
Max LTV: 85%
Redemption penalty: 6% of amount redeemed in years 1 & 2, 5% in year 3. Thereafter one month’s notice or 1% of the amount redeemed.
Procuration fee: Refer to lender
Arrangement fee: £395
Other: Defaults ignored, CCJs up to £7500 (none in last three months), arrears – four in the last 12 months (none in last three months), bankrupts must be discharged, IVA must be discharged or if current conducted satisfactorily.
Contact: www.pink.uk.net
Bristol and West
Product: Two-year fixed rate mortgage
Description: Fixed until 30/09/2005
Rate: 4.39%
Max LTV: 95%
Redemption penalty: 5% until 30/09/2005
Procuration fee: Refer to lender
Arrangement fee: £299
Contact: 0117 9437755
Ipswich Building Society
Product: Two-year fixed rate mortgage
Description: Fixed until 31 October 2005
Rate: 4.05%
Max LTV: 80%
Redemption penalty: 3% of original advance if loan is redeemed or reduced to less than half of original value within fixed-rate period.
Procuration fee: 0.3% on loans up to £100,000. 0.4% for loans over £100,000. Minimum £150.
Arrangement fee: £250
Other: Maximum advance is £350,000
Contact: 01473 342265
Leeds & Holbeck
Product: Fixed rate mortgage
Description: Fixed until 01/12/2008
Rate: 4.99%
Max LTV: 95%
Redemption penalty: None
Procuration fee: Refer to lender
Arrangement fee: £199
Contact: 0121 643 6741
Northern Rock
Product: Flexible fixed rate mortgage
Description: Seven-year fixed rate
Rate: 5.69%
Max LTV: 85%
Redemption penalty: 2% of original loan on full redemption within fixed rate period.
Procuration fee: Refer to lender
Arrangement fee: £495
Contact: 0191 273 6545
Northern Rock
Product: Flexible fixed rate mortgage
Description: Two-year fixed rate
Rate: 4.49%
Max LTV: 85%
Redemption penalty: 3% of original loan on full redemption within three years.
Procuration fee: Refer to lender
Arrangement fee: £495
Contact: 0191 273 6545
Northern Rock
Product: Flexible tracker mortgage
Description: Seven-year tracker
Rate: 4.3%
Max LTV: 85%
Redemption penalty: None
Procuration fee: Refer to lender
Arrangement fee: £495
Other: Unlimited over and under payments, redraw facility, payment holidays.
Contact: 0191 273 6545
Northern Rock
Product: Flexible tracker mortgage
Description: Two year tracker
Rate: 4%, (BOE + 0.5%)
Max LTV: 85%
Redemption penalty: None
Procuration fee: Refer to lender
Arrangement fee: £495
Other: Unlimited over and under payments, redraw facility,payment holidays.
Contact: 0191 273 6545
Genesis Home Loans
Product: Adverse credit self-cert two-year fixed rate
Description: Fixed until 01/01/2006
Rate: 5.65% until 01/01/2006
Max LTV: 85%
Redemption penalty: 6%/6%/5%
Procuration fee: 1% of loan minimum £500
Arrangement fee: £395
Other: £3000 CCJs (none in the last three months), all defaults ignored, two months arrears in last 12.
Contact: 0870 2421213
UCB revamps range
UCB, Nationwide’s specialist self-certification subsidiary lender, has replaced its range of fixed rate products. The rates have increased by either 0.3% or 0.4% and UCB said the move reflected the changes that had been seen in the money markets.
There are fixed rate products for both buy to let and self-certification with new features for the self-certification mortgages. These allow for overpayments of up to £500 per month to be made during the fixed rate period, rising to an unlimited amount thereafter. If overpayments have been made, this will in turn allow the borrower to make under payments or take payment holidays. There is also a drawdown facility available at the end of the fixed rate period.
The self-certification fixed rate mortgages are available for two, three and five years at rates of 4.89%, 5.09%, and 5.29% respectively. All have a maximum loan to value of 85%. There is no early repayment charge for overpayments of up to £500 per month, but a minimum balance of £2,500 must be retained. For the two-year fix, there will be redemption charges of 6 months’ interest in year one and five months’ interest in year two if the loan is fully or partially repaid. There is an arrangement fee of £295 on the products.
Contact: 0845 940 1400
High Street offers best ever deals
