Procuration fees payable to authorised professional introducers
ABBEY
ACCORD MORTGAGES ALDERMORE
BANK of CHINA (UK) BATH BS
BM SOLUTIONS
BUCKINGHAMSHIRE BS CAMBRIDGE BS DARLINGTON BS
EARL SHILTON BS FURNESS BS
LEEK UNITED BS 0.20% of advance
Maximum 0.50% of advance (min £200) 0.40% of advance
50% of arrangement fee 0.30% of advance (min £150, max £1K)
DRAGONFLY PROPERTY FINANCE 0.75% of advance. Key partners 1.25% of advance DUDLEY BS
0.30% to 0.36% of advance (min £200, max £5K) 0.35% of advance (max £1K) Minimum £150, max £3.5K 0.35% of advance
0.30% of advance (min £200) £250 per case
HINCKLEY & RUGBY BS HOLMESDALE BS IPSWICH BS LEEDS BS
LEGAL & GENERAL MORTGAGE CLUB funded by LEEDS BS MANCHESTER BS MANSFIELD BS MARSDEN BS
MELTON MOWBRAY BS MONMOUTHSHIRE BS MORTGAGE TRUST
NATIONAL COUNTIES BS
NATWEST INTERMEDIARY SOLUTIONS
NATWEST OFFSHORE NEWBURY BS
NORTHERN ROCK PARAGON MOTGAGES
PLATFORM pms®
PINK HOME LOANS funded by PRINCIPALITY BS
0.35% of advance (max £1,750)
0.30% of advance (min £225, max £750) 0.40% of advance (max £2.5K) 0.25% of advance (min £150) 0.20% of advance
0.50% of advance (min £150, max £2K) 0.30% of advance (max £1K) 0.35% of advance (max £700) 0.35% of advance (max £1K) 0.35% of advance
0.50% of advance (min £250)
Mortgage repayment table
0.35% of advance (min £150, max £1,750) 0.34% of advance.
Standard variable rate - 0.1% (min £100, max £250), 3 year rates 0.25% (min £100, max £625), 4 year fixed - 0.30% of advance (min £100, max £625)
Advances over £25K - 0.35% of adv (min £250, max £6K) 30% of arrangement fee
NORWICH & PETERBOROUGH BS 0.50% of advance NOTTINGHAM BS
0.35% of advance (min £125, max £1,750) 0.35% of advance
0.35% of advance (min £200, max £1.5K) 0.50% of advance (min £250)
0.325% of advance (max £2K)
funded by MELTON MOWBRAY BS 0.35% of advance PRECISE MORTGAGES PRINCIPALITY BS PROGRESSIVE BS
RBS INTERNATIONAL SAFFRON BS SCOTTISH BS SHEPSHED BS SKIPTON BS TEACHERS BS
Maximum 0.50% of advance 0.40% of advance
0.48% of advance (max £1680). Premier 0.48% (max £2,400)
0.28% of advance (min £150, max £1K) 30% of arrangement fee
0.35% of advance (max £1K) 0.40% of advance (max £1.5K) 0.35% of advance 0.35% of advance
THE MORTGAGE WORKS ULSTER BANK VERNON BS
0.35% of advance (max £2K) 0.45% of advance Refer to lender
WOOLWICH from BARCLAYS
0.35% of advance Refer to lender
Who offers fee free products?
These lenders offer product(s) with no arrangement fee. Valuation, legal and other fees may still apply
CAMBRIDGE BS MANCHESTER BS MONMOUTHSHIRE BS NORTHERN ROCK PLATFORM
PRINCIPALITY BS STAFFORD RAILWAY BS THE MORTGAGE WORKS VERNON BS
Who offers base rate trackers?
ABBEY
ACCORD MORTGAGES BANK OF CHINA (UK)
BM SOLUTIONS CAMBRIDGE BS CHELTENHAM & GLOUCESTER COVENTRY BS CUMBERLAND BS GODIVA MORTGAGES HALIFAX
HSBC LLOYDS TSB SCOTLAND
NATWEST INTERMEDIARY SOLUTIONS
NATWEST MORTGAGE SERVICES NATWEST OFFSHORE NORTHERN ROCK NORWICH & P’BORO BS
NOTTINGHAM BS PLATFORM PRINCIPALITY BS
ROYAL BANK OF SCOTLAND MTGS DIRECT RBS INTERNATIONAL SKIPTON BS
THE MORTGAGE WORKS WOOLWICH FROM BARCLAYS
Gross Rate 1.50% 1.75% 2.00% 2.25% 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50% 4.75% 5.00% 5.25% 5.50% 5.75% 6.00% 6.25% 6.50% 6.75% 7.00% 7.25% 7.50% 7.75% 8.00% 8.25% 8.50% 8.75% 9.00% 9.25% 9.50% 9.75%
10.00%
MONTHLY PAYMENTS PER £1,000 Repayment mortgages 10 yrs £8.97 £9.08 £9.19 £9.31 £9.42 £9.53 £9.65 £9.76 £9.88 £9.99
£10.11 £10.23
15 yrs £6.20 £6.32 £6.43 £6.55 £6.66 £6.78 £6.90 £7.02 £7.14 £7.26 £7.39 £7.51
£7.77 £7.90 £8.03
20 yrs £4.82 £4.94 £5.06 £5.17 £5.29 £5.42 £5.54 £5.67 £5.79 £5.92 £6.05 £6.19
25 yrs £4.00 £4.12 £4.24 £4.36 £4.48 £4.61 £4.74 £4.87 £5.00 £5.14 £5.27 £5.41
£10.35 £7.64 £6.32 £5.55 £10.47 £10.59 £10.71
£10.83 £8.16 £6.87 £6.13 £10.96 £8.29 £11.08 £8.43 £11.21 £11.33
£7.01 £7.16
£8.56 £8.70
£11.46 £8.84 £11.59 £11.72 £11.85 £11.98
£8.97 £9.11 £9.26 £9.40
£9.69 £9.98
£12.37 £9.83 £12.51
£10.42
£6.28 £6.44
£6.90
30 yrs Int Only ‡ £3.45 £3.57 £3.70 £3.82 £3.95 £4.08 £4.22 £4.35 £4.49 £4.63 £4.77 £4.92 £5.07
£1.25 £1.46 £1.67 £1.88 £2.08 £2.29 £2.50 £2.71 £2.92 £3.12 £3.33 £3.54 £3.75
£6.45 £5.70 £5.22 £3.96 £6.59 £5.84 £5.37 £4.17 £6.73 £5.99 £5.52 £4.38 £5.68 £5.84 £6.00
£4.58 £4.79 £5.00
£7.30 £6.59 £6.16 £5.21 £7.45 £6.75 £6.32 £5.42 £7.59
£6.49 £5.62
£12.11 £9.54 £8.35 £7.71 £12.24
£8.04
£12.64 £10.13 £8.99 £8.38 £12.77 £10.27 £9.15 £8.56 £12.91
£13.05 £10.58 £9.47 £8.90 £13.18 £10.73 £9.64 £9.08
£7.74 £7.06 £6.65 £5.83 £7.89 £7.22 £6.82 £6.04 £8.05 £7.38 £6.99 £6.25 £8.20 £7.55 £7.16 £6.46 £7.34
£6.67
£8.51 £7.88 £7.51 £6.88 £8.67
£7.69 £7.08
£8.83 £8.21 £7.87 £7.29 £8.05 £8.23
£7.50 £7.71
£9.31 £8.73 £8.41 £7.92 £8.59 £8.78
£8.12 £8.33
Calculations based on daily rest. Repayments will differ if lender does not calculate interest on a daily basis. ‡ “Interest Only” means that the figures shown are the monthly interest payments on pension, PEP/ISA, interest only, endowment and unit trust mortgages.
Regulation For buy-to-let mortgages
Regulation for buy-to-let mortgages applies: 1. For mortgages to purchase or refinance buy-to-let properties which are more than 40% occupied by near relatives.
2. Where a first charge mortgage is taken on a residential property either as security for, or to raise funds for, a commercial mortgage, the entire transaction will be treated as regulated.
3. For mortgages on commercial property where more than 40% of the land is used for residential purposes.
Useful contact points
ARLA (Association of Residential Letting Agents) Website:
www.arla.co.uk
BSA (Building Societies Association) Website:
www.bsa.org.uk
CML (Council of Mortgage Lenders) Website:
www.cml.org.uk
FSA (Financial Services Authority) Website:
www.fsa.gov.uk
Tel: 0844 387 0555 Tel: 020 7520 5900 Address: 6th Floor, York House, 23 Kingsway, London WC2B 6UJ Tel: 0845 373 6771 Tel: 020 7066 1000 Address: 25 The North Colonnade, Canary Wharf, London E14 5HS
NACFB (National Association of Commercial Finance Brokers) Website:
www.nacfb.org.uk
Tel: 01392 440040
RICS (Royal Institution of Chartered Surveyors) Website:
www.rics.org
Tel: 0870 333 1600 Address: RICS, Parliament Square, London, SW1P, 3AD March 2012 READERS ARE REMINDED THAT BUSINESS MONEYFACTS IS COPYRIGHT 25 e-mail:
admin@nacfb.org.uk Address: 3 Silverdown Office Park, Fair Oak Close, Exeter, Devon, EX5 2UX e-mail:
contactrics@rics.org e-mail: via website Address: Bush House, North West Wing, Aldwych, London WC2B 4PJ e-mail: via website e-mail:
regulation@nfopp.co.uk Address: Arbon House, 6 Tournament Court, Edgehill Drive, Warwick, Warwickshire, CV34 6LG e-mail:
information@bsa.org.uk
BUY-TO-LET MORTGAGES
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