View more on these topics

MarketPlace launch 2 year discount

The MarketPlace at Bradford & Bingley, has launched a 2 year stepped discount mortgage funded by Bristol & West.

The product has an initial pay rate of 2.95%. Key features include:

o 3.00% discount until 31/10/03

o Followed by 0.75% discount until 31/10/04

o £300 cashback

o Maximum Loan to Value of 95%

o Free valuation

o No extended tie-ins beyond discount period

David Bitner, mortgage technical manager for the MarketPlace, says: “This is a very competitive product that is great for first time buyers as it offers a big discount in the first year, when finances are often tight. It also gives £300 cashback and a free valuation, which saves a few more crucial pounds and is available on an income multiple of 4 times one salary and 1 times another.”

Recommended

MCCB must act

An open letter to the MCCBI joined an operation on a franchise basis in 2001 but in June of this year the business was put into administration. As a consequence of this order, I am owed, along with a large number of others, monies for completed procuration fees, insurance fees and a proportionate loss of […]

Company car tax confusion, says Halifax

According to a survey by the NOP on behalf of the Halifax, just over half of all adults either do not realise that company car tax is now based on emissions rather than the number of miles clocked up or they are surprised at the rules. The survey also includes a warning for the taxman […]

Brokers hang tough

Intermediaries meeting the December 31 exam deadline will have built up so much determination they will not let mortgage regulation get the better of them, writes Harriet Williams. Although December&#39s qualification deadline will force some intermediaries to stop trading, lenders expect those that pass to be ready for the FSA regime in 2004. Jason Clarke, […]

Processing forum will put the back office in the spotlight

As lenders enjoy record business volumes, back office operations are in the spotlight like never before. Improving broker to lender technology channels and ensuring operations and marketing work together are among the subjects of a two-day Mortgage Strategy conference taking place in London on October 28-29. The Best Practice in Mortgage Processing Conference will help […]

Newsletter

News and expert analysis straight to your inbox

Sign up