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Coventry goes flexible on buy to let

Coventry Building Society is introducing a new flexible mortgage to its buy to let range.

It&#39s Flexx mortgage is designed to help investors manage their specialised investment by allowing a three month payment break, having no restrictions on overpayments and daily interest calculation.

It has a variable rate of 6.49 per cent with a guarantee that the interest rate will be no more tan 3 per cent above the Bank of England base rate, no early redemption charges, no arrangement fees and discounted legal fees for those remortaging their buy to let property.

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&#39Cat could become hallmark&#39

The Treasury&#39s preference for passive over actively managed funds is one of the driving forces behind Catmarked Isas, says FSA conduct of business standards department manager Brenda Gibson. Speaking at the Sofa conference in Birmingham last week, Gibson said: “The Treasury is a fan of passive, not active, fund management. Cat standards throw down the […]

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David Cameron appoints former adviser to Tony Blair as new pensions minister

Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.

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