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Charcol offers two-year tracker

Charcol is offering a two-year base rate tracker at 0.51 per cent below the Bank of England base rate.

With a current pay rate of 3.99 per cent, the product is available up to 90 per cent loan to value and reverts to the base rate plus 1.25 per cent for the remaining term, with no tie-ins after two years.

Charcol senior technical director Ray Boulger says: “This deal is by far the cheapest discount or tracker mortgage currently available. Even those borrowers reluctant to opt for a discount or tracker mortgage should consider this deal, as Bank Base Rate would have to rise by over 1 per cent to over 5.5 per cent, before the pay rate would increase to above the level of today&#39s cheapest two year fixed rate.”


Schwab clients given the tools for US trading

Stockbroker Charles Schwab UK is offering what it describes as two revolutionary products providing investors with research and analysis to enable them to make informed investment decisions. The products are designed for UK investors who want exposure to the US in their portfolios but need additional information about the market. Schwab Equity Ratings rates stocks […]

Irish link aims to unlock pensions

The Inland Revenue will be unable to close down a scheme that unlocks pensions by transferring funds to Ireland for at least a year because it would require primary legislation. The scheme relies on Revenue form PS122, which def-ines a tax treaty between the UK and the Republic of Ireland. Similar tax treaties exist bet-ween […]

United bid to create a citizen&#39s pension

A working group of pension bodies is meeting to create a UK citizen&#39s pension which would remove the need for means-testing. The high-level working group, chaired by former National Association of Pen-sion Funds chairman Tom Ross, will work on practical solutions to implement a citizen&#39s test based on a simple residency test. The new pension […]

Investec recruits M&G chief to head bond funds

Former senior M&G fund manager Anna Lees-Jones is to head Investec Asset Management&#39s flagship sterling bond fund and its offshore equivalent from this week. Lees-Jones, who ran M&G&#39s £1.3bn corporate bond fund until earlier this year, takes over from Mich-ael Markham, who becomes the alternative manager on both the £140m sterling bond fund and the […]


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