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C&G upgrades its mortgage payment protection insurance

Cheltenham & Gloucester is to upgrade its mortgage payment protection insurance with immediate effect.

MPPI protects homeowners in the event of accident, sickness and unemployment.

The move comes ahead of new guidelines set out by the Council of Mortgage Lenders and the Association of British Insurers which take effect from July 1, 2001.

The guidelines have been introduced to ensure all policies share the same basic specifications. All new policies sold after July 1, 1998 must adhere to the guidelines, but existing policies have until July 2001 to meet these requirements.

C&G has updated its new and existing contracts to take these standards into account.


Woolwich launches new Open Plan mortgage range

The Woolwich has launched a new range of Open Plan mortgages.Open Plan is a range of flexible mortgages which allow overpayment/underpayment and borrowing against capital already built up.The range includes a two year fixed rate until August 1, 2001 at 5.85 per cent up to 90 per cent loan to value. A five year fixed […]

Premier Fund Managers launches first investment trust

Premier Fund Managers has launched its first investment trust.The Premier High Income Trust will have a split capital trust structure with two share classes, zero dividend preference shares and ordinary shares.The trusts investment objective is to generate both income and capital fro a diversified portfolio of equities and bonds. Equities are likely to account for […]


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