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Leeds launches three-year buy-to-let product

The Leeds has launched a three-year buy-to-let discount mortgage. The product, currently 4.99%, is available up to 80% LTV and has no higher lending charge.

Jeff Kirk, corporate relationship manager at the Leeds, says: “We have looked at our product range carefully and delivered a market leading buy-to-let discount. There is no higher lending charge and 10% capital repayments are allowed each year without penalty.

“The rate is extremely competitive and we have also designed a fee free version. The fee free option offers a free valuation up to 335 and free in house legal service for remortgages, as well as no higher lending charge.

“We believe that these products will be extremely popular with clients and that they are ideal for first-time landlords as well as professional landlords, who may wish to move their portfolio onto a highly competitive discount rate product.”


Halifax and Nationwide to back Brown’s plans

Chancellor Gordon Brown will give details today of his plans to help first-time buyers onto the property ladder, including a shared equity scheme, backed by the Halifax and Nationwide.The scheme will encourage lenders and housebuilders to take a stake in first-time mortgages, so that young couples can get onto the property ladder.Brown is expected to […]

Tested to destruction

The financial sector last week took part in the largest ever test of its preparedness to respond to a crisis such as a terrorist attack or widespread infrastructural damage.

Mainstream market is compliant in parts

Following its research into the self-cert and sub-prime markets, the Financial Services Authority has looked into the practices of brokers in the mainstream mortgage market, in particular the quality and suitability of advice given to customers.

PMPA to break up

The Professional Mortgage Packagers Alliance is on the cusp of a major split that will see the four founder directors and their companies, All Types of Mortgages, BDS, Amity and Complete Mortgages, abandoned by the remaining 18. The split comes in the wake of the creation of lender Unity Homeloans, which distributes its products exclusively […]


Case study: administration — implementing a management log

Our client is a leading video game and publishing company best known for its console role-playing game franchises. The client provides a number of benefits, at varying levels and cost that attract a P11d liability. With the absence of a management log to track data for benefit movements, enormous administrative and therefore cost implications were occurring each year just to comply with P11d reporting requirements.


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