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Article: 102% tracker mortgage for new graduates from Widows Bank. (News).(Scottish Widows Bank)(Brief Article)
- Article from:
- Money Marketing
- Article date:
- June 6, 2002
CopyrightCOPYRIGHT 2002 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Scottish Widows Bank is introducing a graduate mortgage which should help IFAs develop a new client base.
The loan offers up to 100 per cent of property value plus a further 2 per cent to cover buying costs, including stamp duty and legal fees.
Parents can guarantee the loan so graduates are able to increase the amount borrowed. There is no mortgage indemnity guarantee and the loan can be repayment or interest-only or a combination.
Widows Bank believes aiming at recent graduates can give IFAs access to clients with good earning potential for the future. The mortgage is ...