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Coventry Building Society – 4.95% Flexx

Type: Self-certified flexible tracker mortgage

Tracker term: Life of loan

Tracker rate: 2% above Bank of England base rate

Minimum loan: £1,500 or 5% of purchase price

Maximum loan: 85% of valuation subject to a maximum of £350,000

Income multiples: Up to 3.5 times principal income plus second or 2.75 times joint

Redemption fee: None

Flexible features: Overpayments, payment holidays, interest calculated daily

Arrangement fee: £195

Introducer&#39s fee: Subject to negotiation

Tel: 02476 839230

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B&B acquires Aitchison & Colegrave

Bradford & Bingley has today announced the acquisition of Scottish IFA Aitchison & Colegrave as part of its strategy to increase its mid to high net worth business. The IFA is to be rebranded Charcol Aitchison & Colgrave and current management will remain with the business. One of Scotland&#39s leading IFAs, Aitchison & Colegrave has […]

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Lloyds TSB has been hit by the FSA with a £1.9m fine for the misselling of structured products and told to set aside a further £98m for expected compensation payments to investors over 22,500 sales of the product. The fine, which had been widely expected, comes the same week as the Group replaced Scottish Widows […]

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