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Abbey – 15-Year Fixed Rate

Fixed-rate mortgage

Fixed term:
Until June 2, 2019

Fixed rate:

Minimum loan:

Maximum loan:
Up to 95% of valuation subject to a maximum of £250,000,
up to 90% of valuation subject to a maximum of £1m

Income multiples:
Three times principal income plus second or 2.5 times joint

Arrangement fee:

Redemption fee:
365 days&#39 interest until June 2, 2019

Introducer&#39s fee:
Subject to negotiation

Tel: 0870 6000367


LCP concern over priority rule changes

Lane Clark & Peacock says the Department for Work and Pensions&#39s priority order plans, while welcome, will have to be changed when the Pension Protection Fund comes in in 2005. Under the rule change retired pensioners will lose priority over non-retired members for indexation of their pensions. Lane Clark & Peacock senior partner Martin Slack […]

US annuity giant Hartford to make debut in UK with bond

The biggest annuity provider in the US is targeting a 2005 UK launch of a new single-premium unit-linked investment bond product. The Hartford – America&#39s sixth-biggest life company – is planning to bring the product, which in the US and Japan it calls a “variable annuity”, to the UK through IFAs. The group had assets […]

Pegrum to get dual fund role

Star UK fund manager Neil Pegrum, who last week left Insight Investment after less than 18 months, is set to manage both a hedge fund and a long-only portfolio for his new employer Cazenove Fund Management. Pegrum, who had spent 15 years at M&G, is due to run a focus fund for Cazenove when he […]

Watchdog staff get bonuses to speed up cases

The Financial Ombudsman Service has come under fire for offering its staff bonuses for completing cases quickly. In an interview with Radio 4 programme Money Box, chief financial ombudsman Walter Merricks confirmed that staff get a bonus if they meet and exceed targets for closing cases. He denies that this encourages a bonus culture but […]


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