Non-regulated network Central Electronic Trading Association has negotiated deals with the Bank of Scotland on a range of financial products for its 3,000 members, including IFAs and mortgage brokers.
The deals have been negotiated through network panel lender Zurich Bank which has a partnership agreement with Bank of Scotland.
Ceta's members and their clients will get preferential rates on offset mortgages for small businesses, free business banking and finance for vehicles and equipment.
The offset loan, called Business MortgageSaver, is intended to help firms cut the costs of owning a commercial or investment property.
It includes a commercial mortgage and current account link for interest calculation.
Credit balances on the current account will earn an interest rate of 4 per cent offset against interest on the commercial loan.
The mortgage offers daily interest. Commission is 0.2 per cent of the loan.
Members can use free direct business banking by phone or internet and the package includes free standing orders, direct debits and no fees on the setting-up of overdrafts.
Ceta managing director David Quick says: “These products will not only enable our members to significantly red-uce the costs of running their own businesses but also offer the opportunity to earn additional income through introducing their commercial cli-ents to the Bank of Scotland.”
View more on these topicsNews
Legal & General – Protected Portfolio IV
Wednesday, April 24, 2002Type: Guaranteed equity bondAim: Growth by investing in 30 stocks from companies in the FTSE200Minimum-maximum investment: £1,000-no maximum, Isa£7,000Term: Five yearsGuarantee: Capital returned in full at end of term regardless ofperformance of underlying investmentsReturn: Capital returned in full along with up to 100 per cent of theaverage growth of the companiesClosing date: […]
Britannia goes after eight
Britannia International has introduced the eighth issue of its five-year guaranteed equity bond, which is linked to the FTSE 100 index.This issue of the bond offers growth potential of 38.25 per cent, which is higher than the previous issue, which offered 33.94 per cent over five years. Like issue seven, the bond returns investors' original […]
Utopia Inns back for more
Utopia Inns is offering a second share subscription in its enterprise investment scheme (EIS). This EIS aims to provide capital growth by developing pubs initially around the M5 area between Birmingham and Bristol and the M25 area towards London.The first share offering in August 2001 raised £750,000, which was used to develop a champagne piano […]
Utopia Inns – Utopia Inns
Tuesday, 23 April 2002 Type: Enterprise investment schemes Aim: Growth by investing in leasehold bars and freehold pubs between Birmingham, Bristol and Reading Minimum investment: Lump sum £5,000 Opening-closing date: February 1, 2002-until further notice Charges: Implicit Commission: Initial 2.5% Tel: 01543 454947
Market outlook from Artemis CIO
Peter Saacke, Artemis’ CIO, suggests what may lie ahead and explains how volatility suits stockpickers.
Newsletter
News and expert analysis straight to your inbox
Sign up
FCA survives complaints over Gabriel guidance
Two separate complaints about the clarity of the FCA’s guidance and expectations on Gabriel reporting requirements have been quashed by the Complaints Commissioner. However, the FCA has been asked to waive a late return charge and been asked to make sure debt collection and fees processes on Gabriel reporting are clear. In his report today, […]
The growing influence of research agencies on advisers
Their power over fund selection is only set to increase as more firms adopt centralised investment propositions Fund research and rating agencies have enjoyed a buoyant market in advice firms thanks to the post-RDR rise of centralised investment propositions. While a minority of advisers have chosen to outsource portfolio management, the majority are selecting funds […]
Lisa Webster: Transfer troubles with ill-health early pensions
Clients that suffer ill health at a young age can access their pension if certain requirements are met With the recent news that we are not living longer after all, there are questions to be asked as to why this is. Life expectancy increases the older you get, as the fact you made it that […]
Comments