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C&G launches new mortgage range

Cheltenham & Gloucester has launched a range of new fixed and capped rate mortgages.

Borrowers can choose between terms of two, three, five or seven years fixed at 5.79 per cent up to 90 per cent of valuation or 5.99 per cent up to 95 per cent of valuation.

Borrowers can choose to cap their loans at 6.19 per cent until October 31, 2001 or 6.59 per cent until October 31, 2003 for loans up to 90 per cent of valuation. For loans of 90 to 95 per cent of valuation 0.2 per cent is added to the rates.

As a special offer C&G will pay legal expenses for remortgages until July 16.

Until July 13, 1999 C&G will give IFAs 1,000 Air Miles for each case of £25,000 or more where the customer has a deposit of over 10 per cent.


N&P cuts the cost of owning a Spanish home

Norwich & Peterborough Building Society is making it easier to buy a Spanish property through its subsidairy N&P Spanish Home Loans.The subsidiary offers loans to UK/Gibraltan residents and expats on properties on the Costa Del Sol.To ease the financial burden on purchases and remortgages, the society has cut its arrangement fees to £125 from £250. […]

Policyholder in bid for place on Equitable board

Equitable Life faces a challenge from an angry policyholder who has launched an audacious attempt to join its board.Edward Doogan, 45, who says he wants to “shake up” the life office, is standing for election at Equitable Life&#39s AGM on May 19 but the life office will fight the move.VAT specialist Doogan, who works for […]

Changes to early exit pension charges

In November last year, the FCA announced that from 31 March 2017, early exit pension charges will be capped at 1% for those customers who are eligible to access their retirement savings from age of 55. The rules also state that for new personal pension plans started after that date, or on new increments into […]


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