| Just Mortgage Packaging offer Exclusives released on: 18-11-2008 10:29 AM |
Just Mortgage Packaging are delighted to announce that we have access
to “Exclusive” schemes from Birmingham Midshires.
Firstly we are
still able to offer 75% loan to value products - secondly the rates
start as low as 5.69%.
Please see the products on offer below –
Buy to Let 5.69% fixed until 01/02/2011
House to House 5.94%
fixed until 01/02/2011
Self Cert 5.99% fixed until 01/02/2011
Sub Prime 8.04% fixed until 01/02/2011
These are great rates
and demonstrate that lenders are still lending and here at Just
Mortgage Packaging we are still packaging, our turnaround times are
second to none and our commitment to you and your clients is 100%
|
| Exclusives from Bank of Ireland released on: 14-11-2008 10:44 AM |
We are launching new and improved rates for Standard, 1st Start and
Self Cert at 9am tomorrow, Friday 14th November. Please see below for
details. Our existing Buy-to-Let products (UA5 & TX3) will
remain.
This policy states that if there is an application
already in progress with us, we cannot switch it onto one of these
rates.
Standard – for purchase and remortgage
Rate Type LTV Arrangement fee Product Code
5.29 3 year fixed to
31/12/11 80% £999 UC9
5.29 5 year fixed to
31/12/13 80% £999 UD1
Standard EasySwitch – remortgage only
Rate Type LTV Free Valuation* Free Legal fees** Arrangement
fee Product Code
5.49 3 year fixed to
31/12/11 85% Yes Yes £999 UD2
5.39 5 year fixed to
31/12/13 80% Yes Yes £999 UD3
5.99 5 year fixed to
31/12/13 90% Yes Yes £999 UD4
Self Cert
Rate Type LTV Arrangement
fee Product Code
6.49 3 year fixed to 31/12/11 75% 1.5% UD7
1st
Start
Rate Type LTV Free Valuation* Free Legal fees** Arrangement
fee Product Code
6.35 3 year fixed to
31/12/11 95% Yes No £799 UD9
6.55 3 year fixed to
31/12/11 95% No No £0 UD8
|
| Exclusive from Stroud and Swindon released on: 14-11-2008 08:55 AM |
Stroud & Swindon Paradigm Exclusive
We are pleased to announce that
we have secured the final Exclusive from Stroud & Swindon BS.
The
product runs through until close of play on Friday 21st
November.
This flexible product offers:
o 2yr fully flexible
discount
o Initial Pay rate 6.75%
o Interest only
o Product Fee
£499
o Full flexibility, No ERC at any time,
o Unlimited
overpayments and drawdown against overpayments at pay rate
o Max LTV
75%
o Min pay rate (floor 4%)
o Proc fee .30% net; 0.35%
gross.
This is available to Paradigm Mortgage Services only. For
further details please call 01453 768220.
Use this number to obtain
a KFI and remember to request PARADIGM EXCLUSIVE.
|
| Manor Mortgages gets BM Exclusives released on: 05-11-2008 10:04 AM |
As a symbol of support to Manor Mortgages, and the packager sector as
a whole, BM Solutions have today launched their much awaited new range
of exclusives. These products are just the beginning. Over the next
few weeks and months, BM Solutions will be launching new initiatives
through our Company and we will be updating you further on these as
they become available.
Products available from today
include:
1.Buy To Let – 6.29% fixed to 01-02-11 at 75% LTV
Rent
calculated at 125% at 6.29%, arrangement fee 3% added – rate undercuts
core range by 0.3%!!
2.House 2 House – 6.75% fixed to 01-02-11 at
75% LTV
Available for up to 3 properties, arrangement fee 3% added
– rate undercuts core range by 0.25%!!
3.Self Cert – 6.79% fixed to
01-02-11 at 75% LTV
Only fixed rate available on core range is 60%
and is fixed for 5 years
4.Sub-prime – 8.04% fixed to 01-02-11 at
75% LTV
Undercuts cheapest core range product by 0.25%
These
products are live with effect from this morning. Both the reduced
rates, and the shorter ERC’s, give us a significant advantage over the
core range, and the lower buy to let rent calculator at 75% presents
huge opportunities.
For more information on this new range, or any
of our other exclusives, please call our Placement Team on 01275
399339, or apply on-line at www.manormortgages.com
|
| Praxis. released on: 28-10-2008 08:58 AM |
Reasons brokers choose Praxis Secured Lending are:
Simple referral
service, you don\'t have to be an expert in Loans
Retain complete
control of your client
We can contact your client on your behalf –
Secured Loans only
Loan products from a large panel of lenders
available
Market-leading rates of conversion, completion and
commission
What Products do we offer?
Secured Loans
Unsecured
Loans
Car Finance
Key points of Criteria
Loans from £500
-£100,000
Rates from 7.5%
Self-cert avalible*
Interest only*
Buy
to let properties accepted*
No equity options available
* Secured
loans only
To find out more contact our dedicated team on 0845 330
9488. |
| New Home deals cancelling released on: 28-10-2008 08:56 AM |
A UK house builder has revealed that the number of people placing a
deposit on a new home but subsequently cancelling the deal had risen
to 35% in recent weeks. In its third quarter report, Persimmon blamed
the restricted availability of mortgages and uncertainty in the
housing market for the rise in cancellation rates. The company also
predicted that the selling price of its new homes will fall 10% in the
second half of the year. The report itself was not due to have been
published until 18 November, but had its release date brought forward
in view of the recent turmoil. \"The uncertainty created in the
housing market by the increasingly turbulent and uncertain outlook in
financial markets has had a negative impact on all our regions across
the UK,\" Persimmon said in the report. |
| Praxis New Deals released on: 22-10-2008 04:54 PM |
First National - Exclusives and Free Valuation
Through
membership of the GEight group of packagers, Praxis has access to
great First National deals:
Free Valuations*
Exlusive 3 year
Fixed Rates - Ultralight to Medium
Full Status exclusives from
9.14%
Self-Cert exclusives from 9.64%
Adverse available up to 80%
* £99 application fee still applies
To get the best rate
for your client call 0800 083 3603
To source products yourself
visit www.praxismortgages.com
|
| UCB to close released on: 20-10-2008 10:43 AM |
Nationwide to close UCB Home Loans
Nationwide has confirmed it is
to close its UCB Home Loans brand from the end of the month.
Nine sales staff are affected by the decision.
Matthew Wyles,
group executive director of non-retail at Nationwide, said that as
market conditions had continued to deteriorate, it made sound business
sense to persist with just one specialist lending brand, The Mortgage
Works.
He added: “We selected TMW to go forward as it has a
stronger technology platform – it already does online applications for
example, so it is ahead of UCB in that regard. We think it has the
strongest proposition going forward.\"
|
| Good News released on: 14-10-2008 11:08 AM |
A Wall Street-led surge in global markets following the co-ordinated
rescue plans to reboot the financial system has given a fresh boost to
UK share prices.
By 8.30am the FTSE 100 index was up 140 points at
4,397 and the Mid-250 index 170 points higher at 7,201.
In Europe
the German DAX was almost 3% higher.
The Dow recorded its largest
one-day point gain ever with a jump of 936 points, over 11%, while the
broader S&P 500 jumped 104 points, or 11.58%, as US regulators
released further details regarding the $700 million bail-out plan
which included the purchase of distressed mortgage asserts and the
purchase of stock in a number of banks.
|
| Packager Panel released on: 10-10-2008 08:38 AM |
Praxis Proc Fee Guarantee
During uncertain times, you need a
mortgage packager that can offer you stability.
Praxis Mortgage
Solutions is part of the Melton Mowbray Building Society Group. The
Melton understand the importance of giving you certainty during what
we recognise is a difficult financial climate. That’s why they
guarantee the proc fee on all cases completing with Praxis.
Any
broker submitting a case to Praxis will receive a letter from the
Society guaranteeing payment of completed cases.
|
| Incapacity Benefit Change released on: 09-10-2008 12:44 PM |
Dear Adviser
You may have heard that from October 2008 there will
be an important change to the state benefits system. Long Term State
Incapacity Benefit will be replaced by the new Employment & Support
Allowance (ESA).
The new ESA will differ from its predecessor in
several ways, including:
More rigorous assessment of potential
claimants
The structure and amount of benefit payments
A new
requirement for most claimants to participate in return to work
programmes.
What will the changes mean for you and your
clients?
Obviously, these changes will have an impact on the
discussions that you have with clients when exploring their protection
needs. Plus, the Government’s own publicity surrounding the launch of
the new benefit should also help raise awareness of the protection
need and how receptive they will be to what you have to say.
ESA is
expected to be more rigorously assessed for eligibility than its
predecessor. Consequently, fewer people are expected to qualify,
making the need for IP arguably more important than ever. But this is
just one of the reasons why it’s important for you to understand the
changes.
Need to know more about ESA?
To help you get to grips
with ESA UNUM have put together “Your Guide to Welfare Reform” Please
email stevem@pnglimited.com if you wish for a copy of the guide
|
| PNG Rate Change: Bristol & West released on: 02-10-2008 03:54 PM |
Please be advised that AIPs must be with the packager by 4.30pm
tonight to reserve funds with Bristol and West as there is a rate
change tomorrow |
