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Mortgage Trust and Savills Private Finance join forces

The deal boasts the low initial rate of 5.69% fixed until 31/10/05, followed by a year two rate of 5.99% fixed until 31/10/06. Not only is this stepped fixed rate very competitive, but the rental income calculation is based on the initial fixed rate of 5.69%.

Mortgage Trust also offer up to 85% LTV, no MIG and full flexibility on this product giving investors the opportunity to save for further property purchases or budget for rental voids or maintenance costs.

Austin Jelfs, head of sales and marketing at Mortgage Trust, says: “Both ourselves and our colleagues at Savills Private Finance are sure that this deal will prove popular among their clients. The initial fixed rate for the first year is extremely competitive and with only a modest stepped increase for the second year, borrowers are able to budget efficiently.”

Simon Jones, director of Savills Private Finance, says: “Products such as this one provide security in times when rates are still fluctuating. This particular product also allows investors to be more creative with their financial arrangements.”


Concern that IFAs will be at lenders&#39 mercy

This is a particular problem for IFAs specialising in equity release and home reversion where many firms don&#39t offer the same online facilities as traditional brokers. KRS has been contacting all major providers for reassurance that they will provide the illustrations in time. The feedback has ranged from assurances that an online service will be […]

igroup enhances first mortgage range

With immediate effect, employed customers selecting products from igroup&#39s GEM 0 and GEM 1 range will be able to borrow up to 95% of the property value subject to status. Other key features include:* No higher lending fee payable by the customer.* Available on tracker, fixed and discounted products.* Satisfied CCJs ignored. Sean Webb, chief […]

Earnings potential

Falling demand for new mortgages is likely to speed up broker attempts to drill for alternative sources of income, renewing interest in previously neglected fields such as Right to Buy. The scheme&#39s forgotten potential was recently highlighted by Monty Burn in Mortgage Strategy. He said there is top money to be made at the bottom […]

Portman appoints non-executive director

Majaro joined PricewaterhouseCoopers in 1978 on graduation from Oxford University. Appointed a partner in 1990, she left the firm in 2003 having worked in the Banking and Capital Markets Group and Transform, a PwC advisory service which helps business get the best out of their people. Majaro is currently a member of the Philharmonic Orchestra […]


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