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University maths 'too difficult' for British students - Thu, 09 Feb 2012 23:52:30 GMT

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Bank of England injects £50bn into economy - Thu, 09 Feb 2012 22:55:55 GMT
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Eurozone dismisses Greek budget deal - Thu, 09 Feb 2012 18:58:47 GMT

Eurozone dismisses Greek budget deal - Fri, 10 Feb 2012 00:07:16 GMT
Germans concerned over Draghi liquidity offer - Thu, 09 Feb 2012 18:58:47 GMT
Citigroup takes $50m loss in Libor probe - Thu, 09 Feb 2012 20:22:41 GMT
Bank of England lifts stimulus by £50bn - Thu, 09 Feb 2012 12:49:37 GMT
Delay to Greece deal damps Asian markets - Fri, 10 Feb 2012 03:35:15 GMT
Google plans deeper push on home entertainment - Thu, 09 Feb 2012 23:57:07 GMT

BBC NEWS
BBC News - Business - Fri, 10 Feb 2012 03:42:56 GMT

BBC News - Business - Fri, 10 Feb 2012 01:09:35 GMT
Greece given tough bailout terms - Fri, 10 Feb 2012 03:42:56 GMT
China's exports and imports fall - Fri, 10 Feb 2012 03:54:04 GMT
Shock loss for India's Tata Steel - Thu, 09 Feb 2012 18:48:09 GMT
Bank injects £50bn into economy - Fri, 10 Feb 2012 00:00:23 GMT
Redknapp trial cost £1.3m so far - Thu, 09 Feb 2012 23:17:40 GMT
LinkedIn profits send shares up - Thu, 09 Feb 2012 21:50:52 GMT
 
 

RBS IP launches shared equity mortgages

RBS Intermediary Partners (RBS IP) has announced the launch of three new shared equity mortgages exclusively for intermediaries.

6 July, 2009

The three fixed rate products have been designed specifically for applicants purchasing a property using one of the Government’s shared equity schemes to raise a deposit.

The new products are all fixed rates offering a choice of maximum LTV levels:

  • RBS 3 year 70% LTV at 4.59% (4.0% SVR, 4.3% APR), with a £199 fee until 31 August 2012.
  • RBS 3 year 80% LTV at 5.89% (4.0% SVR, 4.7% APR), with a £199 fee until 31 August 2012.
  • RBS 4 year 85% LTV at 6.29% (4.0% SVR, 5.0% APR), with a £199 fee until 31 August 2013.
Graham Felstead, head of sales at RBS IP, commented: “The interest shown by intermediaries in the shared equity scheme sector is definitely growing. At the RBS IP Forum event held recently in Nottingham, nearly half of the delegates said that they felt the biggest concern facing their clients was the difficulty in raising a deposit. They also told us that they viewed shared equity scheme business as the best opportunity for diversification. These new products should provide our business partners with a range that fits the needs of first time buyers buying through one of these schemes. We are committed to supporting our intermediary partners to make the most out of business opportunities offered by sectors such as this and will be working with them on other initiatives.”

Other findings from the research conducted at the RBS IP Forum found that nearly a quarter (23%) said that they definitely planned to write some shared equity business in the future, 3 in 10 (29%) said that they possibly would whilst 27% felt that they needed to find out more before making a firm decision.


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