UK: Savills launches low rate buy-to-let mortgage deal
Article Abstract:
The lowest-ever five year fixed-rate buy-to-let mortgage has been launched by Savills Private Finance with the interest rate pegged at 5.49% until 6 December 2006. The offer will be a good opportunity for landlords to secure mortgage payments over the next five years for both existing and new properties. The scheme contains a 1% arrangement fee, and a broker fee of up to 1%, which can be bypassed by choosing a 5.69% interest rate and paying an arrangement fee of GBu 325.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: MORTGAGE PACKAGERS NOT EXEMPT FROM VAT
Article Abstract:
Mortgage packagers could face a 17.5% hit on income if Customs & Excise enforces payment of VAT on procuration fees. Many packagers are unaware that they are required to pay VAT on commissions if there is no direct contact with the end-client.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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