View more on these topics

3DCM introduces mortgage interest rate cap

3D Currency Management has launched a standalone interest cap for mortgages to offer protection against base rate increases.

Caps can be arranged to protect against an increase in the base/LIBOR rate over 3-4 per cent over a term of 3-5 years, offering the consumer the security of knowing the maximum cost of their mortgage payments.

The product will pay out at any time that the base rate is above the agreed level, allowing the borrower to continue to benefit from low base rates.

The interest rate cap itself is purchased with an up front premium and is owned by the borrower.

3DCM will offer a referral fee to brokers for introducing business.

To purchase, consumers must open a current/savings account with the high street bank offering the product.


Turn for the verse

A little while back it was Spandau Ballet, then Virgil and now we can add Philip Larkin to our ever growing list of unexpected investment commentators. I’m not 100 per cent certain the poet’s oft quoted This be the verse – the one about what your mum and dad do to you, intentionally or otherwise […]

75% Of IFAs say simplified medical forms could hit enhancement

Nearly three-quarters of advisers believe that simplified medical forms for enhanced annuities could result in a lower enhancement, according to Just Retirement. The firm surveyed 272 advisers and found 36 per cent believe that a high proportion of people that could qualify for an enhancement could miss out through limited application forms. Only 9.5 per […]

How to use wills to protect your clients’ wishes

March was Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research by the Law Society* highlighted that only 64 […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment