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Exclusive Connections cap and discount

Exclusive Connections has introduced the exclusive capped rate mortgage.

Aimed at first time buyers and people looking to remortgage, the mortgage has a capped rate of 4.99 per cent for the first year of the mortgage. After this term it will have a discount of 1.25 per cent on the current standard variable rate for another year, giving it a payable rate of 6.49 per cent.

The mortgage is available for loans up to 95 per cent of valuation and has no compulsory insurances. Redemption penalties are five per cent of the amount repaid until December 31, 2002.

According to Moneyfacts the most competitive capped rate mortgage on December 20, 2000 is the capped rate mortgage from Bristol & West. This has a capped rate of 4.39 per cent for the first year of the mortgage for loans of up to 95 per cent of valuation, followed by a 1.75 per cent discount on the current standard variable rate for another year, giving it a payable rate of 5.99 per cent.

The Bristol & West mortgage also has redemption penalties of five per cent of the advance for the first two years of the mortgage, with no extended redemption penalties.


Pink home loans joins lending panel

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Banking Codes Review Group team announced

More members of the Banking Codes Review Group, set up following the publication of the Cruickshank Report earlier this year, have been announced. The Group will be headed by DeAnne Julius, a full time independent member of the Monetary Policy Committee, who will be joined by Michelle Childs, Consumers&#39 Association, Adrian Coles, Building Societies Association, […]

Move to help Goldfish hook phone and web customers

British Gas owner Centrica and Lloyds TSB are teaming up to launch a telephone and internet bank under the Gold fish brand next year. The bank will initially offer current and saving accounts online and by telephone and will go on to offer mortgages and life insurance. The joint venture will be known as Goldfish […]


Guide: reporting to the Pensions Regulator — what and when?

Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.


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