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Bank of Scotland Offshore launches loans for expats and international investors

The Bank of Scotland Offshore is launching two mortgages aimed at expatriates, overseas nationals and international investors wanting to take advantage of the UK&#39s current low interest rates.

The residential mortgage is targeted at expatriates, it offers a variable rate of 6.69 per cent and is available on loans up to 80 per cent loan to value.

The investment mortgage is designed for the buy-to-let market. The interest rate is 2 per cent above the bank&#39s base rate which is currently 5 per cent for loans up to 80 per cent LTV.

There is a procuration fee of £250 payable to IFAs.


Exeter Investment Group appoints new chief exec

Fund managers Exeter Investment Group has appointed a Martin Kemp-Gee as its new chief executive.Kemp-Gee joins the group on September 1. He replace current chief executive Ian Henderson with effect from October 1.Kemp-Gee is currently a director of the Gerrard Group and has been the chairman of Greig Middleton since 1986.

Royal & SunAlliance launches management buy out support package for IFAs

Royal & SunAlliance has launched a support package for IFAs specialising in the management buy out market.The package helps IFAs provide life and disability cover to key executives at short notice.It provides IFAs with underwriting expertise, cost effective cover and speedy service and is aimed at taking the stress out of MBO for both IFAs […]

MPs&#39 report gives victory to mutuals

Building societies are toasting victory in the wake of a Treasury selectcommittee report which, if implemented, would dramatically increase theirability to resist carpetbaggers.The report means Money Marketing&#39s Save our Mutuals campaign has thebacking of the most influential select committee in Parliament. MoneyMarketing staff gave evidence to the committee last month.The committee&#39s “demutualisation report” proposes amending […]

Johnson Fry still searching for a partner

Johnson Fry has admitted it is no nearer to finding a suitor to inject much needed capital, reports the Financial Times.The fund manager unveiled a £1.5m loss for the first six months of the year and says the search for a new partner to invest money in the company is continuing.The options available include selling […]


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