View more on these topics

Cheshire fixes at 5.78% for decade

Cheshire Building Society is expanding its mortgage range to offer nine new loans, including flexible trackers, a first-time buyer product, discounts and fixed rates.

The 10-year fixed rate mortgage offers up to a 95 per cent loan at a rate of 5.78 per cent compared with the current variable rate of 5.65 per cent.

The loan also allows for annual opt-outs after five years so if the fixed rate is no longer competitive, borrowers can switch to a new deal.

Cheshire claims its three-year stepped-discount mortgage for first-time buyers offers the lowest discounted rate in the market during the first year, at 2.5 per cent off the standard variable rate.

There are also two three-year discount mortgage rates. The first offers a discount of 1.46 per cent on the standard variable rate up a loan to value of 80 per cent and the second has a discount of 1.51 per cent, available up to 95 per cent.

The society&#39s flexible tracker mortgage is offering a discount of 4 per cent off the Bank of England base rate for the first six months with no lock-in period or redemption charges.

Product manager Bob Gratton says: “The scope of the mortgages ensures that, whatever the need, a mortgage solution is available.”


Charles Schwabb launches discounted fund service

Charles Schwabb Europe is launching a discounted funds service which offers investors access to 130 unit trusts and Oeics from a variety of fund managers.The new service – available through – allows investors purchasing an Isa through Schwabb to choose to place any number of funds from the providers within one Isa wrapper.Schwabb is […]

Loan restructuring

Tax relief for the payment of mortgage interest was generally abolished from April 6, 2000.However, for anyone running their own business where they have credit balance loan or capital or current accounts, it will be worth investigating whether it is poss-ible to release funds from the business to repay those outstanding accounts to facilitate repayment […]

Birchin poised to buy national IFA Park Row

National IFA Park Row is set to be snapped up by financial services group Birchin International in a reverse takeover, creating a firm worth £30m.Aim-listed Birchin, valued at £17m, says the new group will be called Park Row plc and will aim to double its RIs to 400 in the next 12-18 months and generate […]

Saga enters discount broker market

Over-50s holiday, publishing and financial services group Saga is entering the discount broker market.Saga, which already has an IFA, will offer cut-price equity Isas from all the UK&#39s fund providers. The service, which started this week, will be targeted at Saga&#39s core over-50s market and will discount 3 per cent from the initial charge of […]

Brexit Commentary from Natixis Global Asset Management

By David F Lafferty, CFA, SVP – Chief Market Strategist Thursday’s historic Leave vote in the UK will have both immediate and long-term consequences for the global economy and financial markets. The initial flight-to-quality reaction across asset classes has been exacerbated by the market’s misplaced confidence in a Remain victory leading up to the vote. Stock markets […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment