Capital Home Loans is offering free valuations on a 85% LTV three-year fixed rate buy-to-let mortgage at 4.89%.This is the latest free valuation offer from CHL and applies to properties valued up to 500,000. The buy-to-let product, which is also available from CHL’s Irish Permanent brand, is fixed until January 31 2009. At the end of the fixed rate period, the deal reverts to Bank base rate plus 1.24% for the term. Mike Healy, head of sales at CHL, says: “This is one of the most competitive fixed rate buy-to-let products on the market at the moment. “The free valuation offer will be the clinching factor for many landlords. “This incentive will be particularly att- ractive to landlords with portfolios because the free valuation applies to each property.” He adds: “The mortgage has been launched in response feedback from intermediaries so we are confident that it will be popular.” It is available to individuals and limited companies, with student lets and houses divided into self-contained flats permitted. Loans are available up to 2m with no requirement for the self-employed to show accounts. Rental cover is 125% of the mortgage payment calculated at a pay rate of 4.89%. There is a completion fee of 1.5%. There is no tie-in beyond the fixed rate period, at which stage borrowers can switch to another product. The standard proc fee payable is unlimited at 0.5% of the sum advanced and no higher lending charge applies. A 5% early repayment charge is payable until January 31 2009.
Focus Business Solutions, a provider of customer management solutions to the financial services market, has announced a strategic partnership with Dashboard Software, to deliver a suite mortgage technology solutions helping to further streamline the sales process.The partnership combines the technology expertise and industry knowledge of both organisations to provide a number of technology solutions for […]
The Legal & General Partnership says that since Mortgage Day, it has seen lending volumes of 18.5bn. L&G went through a huge transformation pre-Mortgage Day to ensure its firms had enough compliance support to be able to trade successfully in the regulated environment. A risk-based technology system featured heavily in this, designed to help advisers […]
The industry must be seen to be clean but inappropriate naming and shaming risks blunting the enthusiasm of salespeople, say our experts
Lifestyle expectations and changes in bankruptcy laws are to blame for the rise in personal insolvencies, says Philip Long, an insolvency expert at accountants and business advisers PKF.Figures released today show that personal insolvencies in Q3 have risen 11.6% on last quarter and have increased 46% on the same period a year ago. There were […]
800,000 people are at risk of being over-taxed on their pensions, writes Steve Webb, director of policy at Royal London Hundreds of thousands of people receiving company and personal pensions should check their tax code to make sure that they are not being over-taxed, according to a leading pensions firm. Mutual insurer Royal London has […]
News and expert analysis straight to your inboxSign up