The offer is available to Personal Touch's Appointed Representatives and Directly Authorised member clients until Sunday 11 February 2007.
Dev Malle, director of mortgage distribution at Personal Touch Financial Services, said: “We are delighted to offer this exclusive deal with Northern Rock. The deal is even more appealing when offered alongside the other benefits available to the client. These include one of the lowest rental calculations in the market based on 100% of Bank Base Rate plus 1%, borrowing of up to 87% loan-to-value (LTV) on up to 10 properties and up to £3 million in total, fully flexible lending offering unlimited penalty free overpayments down to £1 of the mortgage balance, underpayments, borrow back at product rate, the option to take payment holidays even if your client has not overpaid and the opportunity to add product fees to the mortgage. The icing on the cake is that until further notice, all online buy-to-let applications that continue through to completion will receive a special online bonus procuration fee of £150.”
Craig Townsend, key relationship manager at Northern Rock, added: “Business with Personal Touch was very strong during 2006 and we are confident that our relationship will go from strength to strength as they continue with their aggressive growth plans. This exclusive arrangement is one of the ways we can add value to their membership and enhance the product offering through Northern Rock.”
Tom O’Neil, chief executive officer at Fuel Investments, commented: “We are already big supporters of Northern Rock because of their rates and criteria based products. This exclusive through Personal Touch makes the buy to let deal even more enticing especially for clients with multiple properties which will result in substantial savings on client fees.”
