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Abbey Life sets up discount deal on Peps

Abbey Life is offering investors a discount of 3 per cent on the initial charge if they buy a Pep in the 1997/98 tax year and another in the 1998/99 tax year. The offer is available on all initial lump sums between January 5 and April 3.

A voucher will be sent to investors to allow a further purchase at the discount rate. Pep transfers before April 3 will also get the 3 per cent discount.


Standard banks on summer loan attack

Standard Life Bank is to launch a major assault on the mortgage market in August, offering IFAs commission and undercutting rivals&#39 interest rates by up to 1 per cent. The fledgling banking arm, set up at the start of this year, believes it can win a major slice of the market by offering mortgages with […]

Coventry fixes loan at 6.9% until 2002

Coventry Building Society is offering a mortgage fixed at 6.9 per cent until November 2002 up to 75 per cent loan to value. At the end of the term, borrowers will automatically qualify for the society&#39s privilege rate which is currently 7.95 per cent. Arrangement fee is £295. Early redemption penalty is six months&#39 interest. […]


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