UK: FIXED RATE 25-YEAR MORTGAGE FROM MBS
Article Abstract:
Manchester Building Society is offering a fixed rate mortgage guaranteed to remain at 6.29% for 25 years. According to the building society's chief executive, David Cowie, this gives borrowers an opportunity to take on a mortgage which is very competitive and has moderate redemption charges. According to the principal of Ronald Bowes & Partner, Ronald Bowes, independent financial adviser (IFA) mortgage specialist, the redemption charges are too expensive, and 2001, when rates are set to fall, is not an opportune moment for fixed interest rates.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: CHELSEA AND NORWICH OFFER DISCOUNTED MORTGAGE
Article Abstract:
Chelsea Building Society and Norwich Union's mortgage package offers consumers a 2% discount, with GBu 250 cashback. First year borrowing rate is set at 5.24%, with a 1.75% discount to 5.49% in year two, and standard variable rate of 7.24% in year three. Maximum loan value is GBu 1mn, with a minimum of GBu 20,000. Administration costs are valued at GBu 245 and there is a redemption penalty of 3%.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: VERSO AND TMO OFFER SELF-CERTIFICATION PRODUCT
Article Abstract:
Verso and The Mortgage Operation have teamed up to offer a self-certification mortgage, with a maximum loan value of 85% and fixed rate of 5.99% until January 1 2003. The mortgage is available to employed and self-employed customers and a 6.49% interest rate is an option for those seeking to avoid two-year redemption penalties.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2000
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