View more on these topics

Chelsea BS launches fixed rate bonds

Chelsea Building Society is launching two new fixed rate bonds.

The one year fixed rate bond will feature an interest rate of 4.50 per cent for investments of £1000 and above fixed until November 2003. The Monthly rate will be 4.41 per cent.

The 2 year fixed rate bond pays a rate of 4.80 per cent for investments of £2500 and above fixed until November 18, 2004 with monthly income at 4.70 per cent.

Investors can make immediate withdrawals by cash or cheque, although this will incur 60 days loss of interest on the amount withdrawn.

Notice and penalty free withdrawals can be available from the 1 year fixed rate bond from November 18, 2003 and from the 2 year fixed rate bond from November 18, 2004.


FSA proposes three tiers of mortgage broker

The FSA has proposed three tiers of mortgage broker once regulation of the industry comes into being in 2004.In CP146, The FSA&#39s Approach to Regulating Mortgage Sales, published this week, the regulator has proposed three levels of broker, execution only without advice, information with filtered questions and full-blown advice.All three would require authorisation through the […]

B&B renews Mortgage Brain contract

Bradford & Bingley has renewed its contract with Mortgage Brain for its mortgage outsourcing platform in a deal that will see B&B&#39s 1,000 advisers using the external quote engine.B&B has signed up Mortgage Brain as its exclusive source of mortgage quotations.Mortgage Brain chief executive Mark Lofthouse says: “Their endorsement of our mortgage sourcing service and […]

Medicash plan offers tax-free sum

Healthcare provider Medi-cash has set up a healthcare cash plan which pays patients a tax-free lump sum when they undergo surgery which requires a general anaesthetic.The Essential Surgery plan pays policyholders up to £6,000 tax-free each time a general anaesthetic is administered for life-threatening operations and varying amounts for less serious surgery such as hip […]

Martyn sells MMA stake for semi-retirement

My Money Adviser co-founder and managing director Ann-Marie Martyn has quit the firm, selling her stake to majority shareholder Quay Software.Martyn is best known for her six years with IFA Promotion, with half that time as chief executive. She co-founded IFA software designer MMA two years ago with partners Mitchell Philpott and Roland Rawicz-Szczerbo.Martyn says […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment