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Barclays guarantees its surveys for borrowers for first 3 years

Barclays is offering West Midlands home buyers a free three-year guarantee against problems that could arise after they have moved in.

The lender says it will cover home buyers in the West Midlands, who arrange their mortgage and survey through them, against any hidden defects that arise in the first three years that were not noted in the survey.

The scheme is being launched as the result of Barclays&#39 research in conjunction with surveyors Allied and Countrywide. It goes nationwide next year.


RIT Capital Partners announces 6.8 per cent fall in NAV

RIT Capital Partners has announced a 6.8 per cent drop in net asset value per share during the half year to September 30.Net asset value per share fell from 384.1p to 357.9p. The company says the fall was due to the global crisis in confidence.The net asset value has fallen by £54m from £726m to […]

Pru cuts variable rate

Prudential Banking is cutting its standard variable rate for mortgages by 0.5 per cent to 8.2 per cent.The bank says house purchase customers with a Lifetime Guarantee mortgage will see their interest rate reduced to 7.24 per cent and re mortgage customers to 7.35 per cent.Pru Bank mortgage marketing manager Kathy Taylor says: &#34These rate […]

Martin Foden discusses how convenience is affecting the construction of fixed income portfolios

In this short video, Martin Foden, head of credit research at Royal London Asset Management, discusses how convenience is affecting the construction of fixed income portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not […]


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