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Chelsea cuts rate

Chelsea Building Society is reducing its mortgage rate by 0.26 per cent to 8.59 per cent.

The reduced standard variable rate starts from 17 October and will apply to new and existing borrowers.

Chelsea says that it aims to offer a standard variable mortgage rate lower than that offered by the banks.

It will apply to the Chelsea Cashback Mortgage and other variable linked products.


NPI gets sociable with an OEIC

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CGU offers hybrid bond

UNIT LINKED BONDSCGUPORTFOLIO BONDType: Single-premium hybrid investment offering unitised with-profits and unit-linked funds.Minimum investment: £5,000.Fund links: UK equity, managed, international, index-linked, Pacific, Japan, unitised with-profit, long gilt portfolio, property, fixed interest, European, American, secure growth, convertibles, guaranteed and income. There is also a choice of five investment portfolios designed to match client&#39s risk profile – […]

Wesleyan unveils ISA plans

Wesleyan Financial Services is planning to offer a &#34no fuss&#34 ISA to compensate for the complexity of the Government&#39s plans.It will offer a maxi ISA consisting of an equity element via the Wesleyan Growth Trust with a cash unit trust for the cash component.The equity-only mini ISA will offer the Wesleyan Growth Trust alone while […]

Halifax house price index shows small rise

The Halifax House Price Index shows that prices rose by 0.3 per cent in September. The average house price is now £72,748m.Annual house price inflation rose by 0.1 per cent last month to 5.4 per cent. The forecast for the fourth quarter is 5 per cent falling to 4 per cent in the fourth quarter […]


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