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Heritable Bank launches limited tranche of self-cert and buy-to-let deals

Heritable Bank, the specialist mortgage lender, is launching a limited tranche of three-year fixed rate funding for self-certification and buy-to-let mortgages.

Rates of 5.99% fixed until March 1 2007 are now available for LTVs of up to 75%. A rate of 6.24% is available for LTVs up to 85%. In addition to these, Heritable Bank has slashed early repayment charges on its range of LIBOR-linked rates for buy-to-let investors.

Mark Sismey-Durrant, chief executive at Heritable, says: “These enhancements to our product range show our commitment to meeting the needs of the mortgage introducer market. We are confident that with increasing numbers of borrowers seeking a longer term fixed rate to protect themselves from future rate rises, the three-year funding will prove very popular.”


Gooding must trade or lose board status

Ami chairman Charles Gooding will not be eligible to stand for re-election to the board if he doesn&#39t get his proposed network up and running in time. AMI last week announced that the existing board had drawn up the constituencies and timetable for the elections which will take place over the next 12 weeks. Chris […]

Network route will not be a soft option

Compliance with mortgage regulation will be top of the agenda come Mortgage Day on October 31. Yet amazingly many brokers believe joining a network as an appointed representative is an easy way out. There is a false assumption that if you are directly authorised, the Financial Services Authority will be crawling all over you but […]

Rate hold decision a close shave, predicts Charcol

Charcol has predicted that the Bank of England&#39s decision to hold base rates at 4% was probably a close shave. Senior technical adviser Ray Boulger says that with a mixture of both positive and negative economic news emerging over the last month, it must have been a difficult decision to make. He says: “The MPC […]

Bananas Inc launches three-year buy-to-let tracker deal

Packager Bananas Inc has launched a three-year buy-to-let tracker deal at base rate plus 0.8%. The deal has a current rate of 4.8% with LTVs available up to 85% with a lending limit of £300,000. Borrowers receive a £650 cashback payment upon completion of themortgage, which is being launched by Bananas Inc with the support […]

A guide to automatic re-enrolment

Since the introduction of auto-enrolment in 2012, it has been a popular topic in the press. Recent media focus has been geared towards small and micro employers; however attention is set to return to the UK’s largest businesses as they prepare for re-enrolment. Johnson Fleming has produced a useful guide that provides essential information to help you […]


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