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Welcome to MFB-TV on Thursday 17th January 2013. The marketing girls in the back office
have been working hard analysing numbers for the last quarter of 2012 and our Complex Buy
to Let Index is out today. In essence, remortgaging activity has increased on complex buy to let
property and supressed property prices and high tenant demand are encouraging landlords
to remortgage on all asset classes. Somewhat unsurprisingly gross yields are up year on
year but there’s a wealth of more data on that index contained in our FirstRate newsletter,
our quarterly bulletin which is also out today and you can download from the website.
In this quarterly edition we have predictions on the buy to let and commercial mortgage
market for the year ahead as well as the results of our in depth Property Investor Survey which
218 of you kindly responded to just before Christmas. We also have an interview with
Kevin Jones, the new boy on the block as sales director of InterBay Commercial who are looking
to replicate what Aldermore and Shawbrook do with one or two nuances there. And so find
out more about our predictions for the year ahead and also in depth articles on deals
that we’ve done in the last three months contained within the magazine.
For our product of the week, the marketing team has come up with a 3.89% two year fixed
to 75% LTV. What stands it out from the herd is that it has a flat fee of £1,749, so if
you are borrowing £200,000 or more, you have a product fee of less than 1%. There are also
free valuation and legal fees for remortgages and it comes from the boys and girls at Coventry
Godiva who have set the year off to a good start and upset the marketing teams at all
other lenders. Of course you will need to know that there is an ERC of 3% in the first
two years but it’s still a good deal. So for details of that deal and other product
offering we have available for you today, do call the team on 0845 345 6788. And good
luck for 2013.