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Chelsea BS pulls the plug on two fixed rate loans

Chelsea Building Society has announced the withdrawal of two of its fixed rate mortgages.

The first which had a fixed rate of 3.29 per cent until September 1, 2005, and a loan to value of 95 per cent. The minimum loan offered was £25,000 and the maximum £350,000.

The second was fixed at 3.69 per cent until September 1, 2006, also with a loan to value of 95 per cent. Its minimum loan was £25,000 and the maximum £1,000,000.

Both loans were withdrawn from the end of last week.


PI questions that need answering

Why does the EU believe PI cover for smaller intermediaries has to double in 2005. What committee or committees came to this conclusion? What research found this figure to be acceptable? What interest either for the public or the industry is served?The questions should be addressed to the European Union first and foremost. If the […]

Product matters

Skandia is one of the last offices to unveil a full range of single-charged pension plans.Skandia always tries to be innovative and has taken on board some of the FSA&#39s comments by breaking down the fees into three components – its admin charge, a fund management charge and an advice fee.Like many offices, Skandia is […]

Lean markets expected to trim sales staff at St James&#39s Place

St James&#39s Place Capital says it expects a drop in adviser numbers this year as its sales staff struggle to meet targets in the tough market.Applications for jobs at St James&#39s Place in the first half of this year rose by 63 per cent compared with last year but the firm says the total number […]

C&G announces rate changes

Cheltenham & Gloucester has announced its is re-pricing its fixed and capped-rate mortgages, replacing its existing range which were last altered on July 14.Borrowers can now fix their rates between 4.49 per cent and 5.29 per cent on each of C&G&#39s two, three, five and seven-year offers. Its capped-rate loan now sits at 4.89 per […]

Is this the endgame for the current mergers & acquisitions boom?

Last year, worldwide mergers and acquisitions (M&A) rose to an unprecedented $4.7tn, according to Thomson Reuters, a 41 per cent increase over 2014. Anthony Forcione, senior equity analyst at Loomis Sayles, an affiliate of Natixis Global Asset Management, looks at what’s been driving this particular wave of mergers. Click here to view full article: Loomis-Sayles


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