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Coventry moves into self-cert market

Coventry Building Society is making its first foray into the self-certification mortgage market with three self-cert products. The first is a three-year discount of 1.06 per cent from Coventry&#39s standard variable rate, currently 5.54 per cent, giving a rate of 4.48 per cent. A 4.49 per cent variable-rate mortgage is available, guaranteed to be no more than Coventry&#39s SVR. The society is also offering a 4.95 per cent variable-rate mortgage guaranteed to be no more than 2 per cent above the Bank of England base rate.


New structured plan from Premier

Premier Fund Managers is launching a new structured plan offering 7 per cent per annum, even if the markets stays flat.Available from September 1, Premier Limited Edition No.11 is a six-year FTSE 100 based growth plan. However, it can mature early at the end of years one to five depending on the index performance, with […]

IFAs face added burden on money-laundering rules

IFAs may be forced to collect significantly more information when establishing relationships with new clients under the latest set of FSA proposals aimed at combating money laundering. Discussion Paper 22, Reducing Money Laundering Risk – Know Your Customer and Anti-Money Laundering Monitoring, published by the FSA this week, proposes extending the information that must be […]

Temple founder gets £0.5m in deal

RJ Temple founder Richard Temple has received a £506,000 fixed payment as part of the £1m Lighthouse rescue package. Money Marketing has learned that the repayment of the sum was part of the deal for the collapsed IFA. The settlement was made for the goodwill and assets of RJT before the rest of the business […]

Thanks to the Tring IFA

Thanks to the Tring IFA who sent in this week&#39s submission for the Diary&#39s No S*!t Sherlock award, which goes to Liverpool Victoria. We all know that IFAs can occasionally be a bit lax when it comes to filling in application forms but the friendly reminder on Liverpool Vic&#39s life protection form goes a bit […]


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