View more on these topics

C&G launches Euro-mortgage

Mortgage lenders in the UK are gearing up for the introduction of the Euro despite the uncertainty surrounding Britain&#39s entry into the single European currency.


Cheltenham & Gloucester is developing a Euro-denominated mortgage which will be available in the second quarter of next year.


Alliance & Leicester already has such a product on the market.


Cheltenham & Gloucester press officer Emmy Smith says: &#34We have a number of policyholders who will be paid in Euros so we believe there will be a demand for a Euro mortgage. We will obviously adapt our plans should Britain join the single currency.&#34


Barclays and Bank of Scotland have no immediate plans to develop a Euro mortgage because they believe there will be very little demand.

Recommended

Big lenders split on housing market prospects

Halifax and Nationwide are split over the prospects for the housing market with Halifax still bullish but Nationwide predicting a downturn.The Halifax house price index rose 1.2 per cent in October compared to a 0.6 for the Nationwide survey. Halifax says house price inflation rose to 6.7 per cent from 5.4 per cent in September.Nationwide […]

Scottish Widows launches three pension funds

Scottish Widows has extended its pension portfolio and launched three new pension funds. The European Pension fund, the US Pension fund and the Japanese Pension fund each invest solely in their respective unit trusts.

PIA outlines concerns about low-income saving

The PIA has published a report outlining its concerns that traditional products are not appropriate for low income groups.The report called &#39Savings and Low Income and Ethnic Minority Households&#39 identifies life insurance policies and building society accounts as the main ways low-income groups save.But it expresses fears that life policies, like endowments, are not appropriate […]

A&L undercuts base rate with fixed rate mortgages

Alliance & Leicester is offering fixed rate mortgages below the Bank of England&#39s base rate.The bank is offering a two-year fix at 3.99 per cent for up to 80 per cent LTV. Rates go up to 4.35 per cent for 80.1 to 90 per cent LTV, and 5.30 per cent for LTVs of 90.1 per […]

Jelf flexible benefits

In Focus: How to choose a flexible benefits provider — seven top tips

Jelf Employee Benefits looks at some of the key considerations employers should think about when reviewing and choosing a flexible benefits provider. Choosing the right benefits for your employees is one thing but delivering a successful employee benefits strategy is about understanding the complete picture and delivering it in a personalised way so that it resonates with each and every individual in your business. 

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment