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Coventry revamps fixed-rate loans

Coventry Building Society is overhauling its range of fixed-rate

mortgages. For customers borrowing up to 75 per cent loan to value, there

are loans fixed at 5.25 per cent until 2004 or at 5.65 per cent until 2007.

For those borrowing up to 95 per cent LTV, loans are fixed at 5.35 per cent

until 2004 or at 5.85 per cent until January 2007. All revert to Coventry&#39s

variable rate of 6.75 per cent after the fixed period.


Misys chooses network director

Misys has appointed Steve Pearson, 42, as network director for IFA Networkand Financial Options following Nick Ansell&#39s move to DBS as chiefexecutive. Previously as operations director for the two networks, Pearsonwas responsible for relations with existing members. In his new role, hewill look after sales, customer relations and compliance.

Northern Venture Managers launches new VCT

Northern Venture Managers is launching the third in a series of VCTs, the appropriately named Northern 3 VCT. The generalist fund is due to be launched on September 25 and is aiming to raise £25m. It will invest primarily in smaller unlisted UK companies, including those recently floated on Aim.It will also cooperate with other […]

Code comfort for CML

Panel Members: Mark Underhill, Product development manager, YorkshireBuilding Society; Michael Bolton, Head of lending, Birmingham Midshires;Andrew Young, Mortgage network director, Zurich IFA Group. If, as some industry figures are predicting, statutory regulation promptslenders to leave the mortgage code next year, what do you think couldhappen to the CML and the mortgage code? Underhill: The implications […]

Global Investment Advisors – GAIM Hedge Fund

Thursday, 30 August 2001.Type: Tracker hedge fund.Aim: Growth by investing in up to 20 hedge funds in four main startegies – macro, market neutral, long short equities and event driven. Minimum investment: US$10,000, Euros 10,000.Place of registration: Dublin.Investment split: Macro 25 per cent, market neutral 25 per cent, long short equities 25 per cent, event […]

Artemis Global Income: favouring Europe over the US

With a 10 per cent return from his Global Income Fund in the first three months of 2015, Jacob de Tusch-Lec talks to journalist Alexis Xydias about the drivers and why he favours Europe and Asia over the US. Jacob believes European companies remain cheap and is still finding opportunities amid value stocks – in contrast […]


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