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Barclays launches range of fixed rates

Barclays Mortgages is introducing a three-year fixed-mortgage at 7.19 per cent that can be transferred for further three-year period.

It also launching a three-year capped-rate mortgage at 7.19 per cent, a two-year mortgage fixed at 6.59 per cent and a three-year mortgage fixed at 6.79 per cent.

The lender says that none of its fixed-rate mortgages have extended early repayment interest and all customers are offered further rates at the end of their fixed-term.


C&G cuts rates

Cheltenham & Gloucester says it is trying to ease consumer fears about recession by dropping its variable mortgage base rate to 8.2 per cent.Following the Bank of England&#39s base rate decrease last week C&G&#39s new rate will be effective from November 10 for new applicants and December 1 for established borrowers.Managing director Roger Burden says: […]

Royal & SunAlliance stresses that fine cases predate merger

Royal & Sun Alliance Life & Pensions is stressing that its £225,000 fine by the PIA relates to pre-merger activity dating before 1996.This was prior to the creation of a joint marketing operation for Sun Alliance and Royal Life.The life office says that it was set an original date of July 31 1997 to complete […]

Family seeks pensions role with search for benefit and fund management firms

Family Assurance Friendly Society is in talks to buy an employee benefits firm and a fund manager in deals worth £20m.Family is aiming to move into the employee benefits and private medical insurance markets through the deals.The friendly society is courting a firm that specialises in managing group personal pensions and an employee benefits firm. […]

Friends Ivory & Sime launches 24-hour helpline for AIM VCT trust

Friends Ivory & Sime is creating a 24-hour phoneline for IFA&#39s looking to obtain investment prospectuses for its AIM VCT Trust.FIS says the trust&#39s appeal is that it offers the tax benefits of a venture capital trust with up front relief as high as 60 per cent combined with the growth opportunities to be found […]


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