Dr Johnson is a sole practitioner in Birmingham, with gross earnings of £80,300. His wife has a net income of £9,000 per annum. Dr Johnson's yearly tax bill is around £15,000 and he has a mortgage of £120,000 on a house valued at £250,000. Planned home improvements will cost £20,000 and, with two children in private education, he is using this opportunity to review his finances.
The 2002 Mortgage Achilles research study, which was undertaken among a sample of 250 intermediaries by research company BDRC, shows that the self-certification market is now the biggest niche mortgage area for intermediaries. The research, which was provided to subscribing companies last month, shows that 93% of intermediaries who handle specialist and niche mortgage products, […]
Derbyshire Building Society is cutting rates on its range of three-year and five-year deals with a three-year fix from 4.89% (5.8% APR). A five-year fix is available with rates from 5.09% (5.8% APR). Both deals are available from Wednesday August 21. Other key features include: – No Mortgage Indemnity Guarantee charge.– Daily interest method of […]
Nationwide Building Society yesterday announced details of its new fixed rate mortgages. Following the reduction of 0.2% across all products, these are now the lowest fixed rates ever available from the Society. These new rates are available from August 21 and reflect recent movements in the money markets. The products include a two year fixed […]
Skipton Building Society has become the latest lender to join the BuildLoan self-build mortgage lending panel with an exclusive flexible two-year stepped discount mortgage. The key features of the BuildLoan self-build mortgage are: * Up to 95% of land purchase, so clients only require a minimal deposit to buy their land. * Up to 95% […]
As part of its commitment to help even more companies improve employee wellness and productivity, award-winning health cash plan and wellbeing provider Health Shield has announced a raft of new and improved health benefits. From early diagnostics, detection and screening services to rehabilitation and the extension of home care support to parents, Health Shield’s range […]
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