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C&G updates fixed rate range

C&G is updating its range of fixed rate mortgages with rates for new and remortgage customers as low as 4.99 per cent.

The product can be fixed from one to seven years, with rates starting at 4.99 and increasing to 5.89 per cent. For mortgages with a loan to value of over 90 per cent, 0.3 per cent is added to the rate.

An early repayment charge is applicable to the fixed period.

Loans above £100,000 benefit from a two-year rate of 5.29 per cent rate down from 5.49 per cent for lesser amounts.

For those looking to remortgage, the administration fee of up to 299 for LTVs of 90 per cent or less will be waived until May 31. A free legal is also included.


RSAIFs mirrors Euro bond fund

Royal & Sun Alliance International Financial Services has established the R&SA European balanced yield bond fund.This is a mirror fund of an existing Royal & Sun Alliance Luxemburg-based fund and it will be split equally between investment grade and high-yield corporate bonds within Europe, including the UK.The fund produces a yield of 8.5 per cent […]

HSBC in part-time deal

HSBC has now agreed terms with banking union Unifi to compensate around 2,000 part-time staff who were denied pension rights back dated to 1976. Only current employees or those who have left within six months are entitled to claim. Unifi is in talks with a further 25 financial institutions including the Royal Bank of Scotland […]

ABN Amro is hit by dual UK fund star defections to Framlington

ABN Amro has been dealt a hammer blow as star fund managers George Luckraft and Nigel Thomas have quit to join Framlington&#39s UK equity team.In a move Framlington claims will create the strongest UK team in the City, Luckraft will manage its UK equity income fund while Thomas will run its UK special situations fund. […]

Moore&#39s code

The howls of outrage from some IFAs when the FSA told life insurers not to overpay bonuses this year are looking dafter by the day.A detailed analysis of the annual reports of CGNU and Standard Life illustrates the worrying position life offices are finding themselves in.CGNU is showing that its surplus capital has halved from […]


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