Commercial Mortgage Update October 2008
Development Finance
Up to 60% of site cost and 100% of construction available from 3 3/4% above 1 month LIBOR.
Commercial Owner Occupied
Up to 70% LTV available - Variable from 2-3% above 1 month LIBOR. Up to 60% for Licenced Trade and must have experience.
SIPP Mortgages
50% of the fund value can be borrowed by the SIPP. Up to 80% of property value directly to individual or limited company.


 
Residential Mortgage Update November 2008 - Bank Base Rate Cut to 3.00%
Fixed Rates .
3.99% Fixed to 31/01/2010 - Max 60% LTV - £995 arrangement fee, free val for remortgage.

4.49% Fixed to 31/01/2010 - Max 70% LTV - £995 arrangement fee, free val for remortgage.

4.49% Fixed to 28/02/2011 - Max 75% LTV - 2.5% arrangement fee, free val and legal fees remortgage.

5.29% - Fixed to 31/12/2013 - £999 arrangement fee - 80% LTV
Discounted/Tracker/First Time Buyers/Lifetime Mortgages
4.39% Tracker (BBR + 1.39%) to 31/01/2011 - 2.5% arrangement fee - 75% LTV - free val and legal fees remortgage.

4.79% Tracker (BBR + 1.79%) to 31/01/2001 - £1,995 arrangement fee - 75% LTV - free val and legal fees remortgage.

4.85% Full Term Tracker (BBR + 1.85%) - £995 arrangement fee - 60% LTV

6.35% Fixed to 31/12/2011 - £799 arrangement fee, - 95% LTV - free val for remortgage.

6.55% Fixed to 31/12/2011 - No arrangement fee - 95% LTV

Lifetime Mortgages from 6.39% Fixed for Life - Minimum age 60 - No monthly repayments.
Buy to Let
5.49% Tracker (BBR + 2.49%) - 3.25% arrangement fee - up to 65% LTV

5.79% Tracker (BBR + 2.79%) - 2.5% arrangement fee up to 65% LTV
For further information contact: Paula Smith – Mortgage Adviser
This bulletin is not intended to form an advertisement under the terms of the Consumer Credit Act and therefore must not be shown to the public. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it. The provision of commercial mortgages is not covered/regulated by the Financial Services Authority and therefore the Investor Compensation Scheme does not apply. Whilst all due care has been taken in ensuring the above information is correct at time of printing, Blacktower Financial Management cannot accept liability as to its accuracy
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