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B&B launch Double Guarantee Bond

Bradford & Bingley is launching a 6-month fixed rate savings bond paying 5 per cent a year.

The Double Guarantee bond matures in March 2005 after which it transfers into B&B&#39s Premium Saver instant savings account that pays 3.8 per cent a year. The minimum and maximum investments are £2,000 and £100,000 respectively.

Bradford & Bingley head of savings product development Antony Lupton says: “The double guarantee bond has been very popular with savers previously, and the new version should prove even more so. This account guarantees never to fall more than 1 per cent below the Bank of England Base Rate.”


4,500 advisers sign up for Sesame loan and insurance arm

Sesame has 4,500 advisers signed up to its mortgage and general insurance arm ahead of industry regulation on October 31. The company was aiming for 5,000 advisers ahead of M-Day but says it is more than happy with the take-up so far, with two months to go. The majority of the adv-isers were already Ses-ame […]

Buy-to-let growth slows in first half

The growth in buy-to-let lending slowed in the first half of this year as lenders react to tighter market conditions according to the Council of Mortgage Lenders. Advances rose by 3 per cent to £12bn in the first half from £11.6bn in the second half of 2003 and £7.6bn for the first half of 2003. […]

Clerical Medical – Retirement Options Plan

Type: Income drawdown plan Minimum investment: £100,000 Minimum age: 50 Investment choice: Choice of 21 Clerical Medical funds,14 external funds from Newton Schroders and UBS, balanced, cautious and defensive fund collections Options: Self-investment, phased retirement Allocation rates: 95%-100% Charges: Annual up to 1. 8%, annual 1.25%-1.6% for external funds, additional charges for self-investment Commission: Initial […]

Direct Line pull out of mortgage market until M-day

Royal Bank of Scotland subsidiary Direct Line is the first lender to pull out of the mortgage market temporarily in the run up to mortgage regulation. The FSA requires lenders to lay out &#39key facts information&#39 uniformly so that easy comparisons between lenders can be made. This will come into effect on M-day (October 31) […]


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