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Exclusive launches new base rate tracker mortgage

Mortgage packager Exclusive Connections is rolling out a base rate tracker mortgage funded by Bristol & West.

The product currently has a rate of 4.49 per cent, will be fixed at base rate plus 0.49 per cent until April 30, 2005 and then base plus 1 per cent for the remaining term.

Applicants can borrow a minimum of £15,001 and £25,001 for remortgaging with a maximum 95 pre cent Loan to Value.

Exclusive Connections managing director Patrick Day says: “This product has an excellent initial low rate, whilst also offering no extended redemption penalties.”


ProAct sets up network backed by big life office

Financial services lawyer Pro-Act Legal is setting up a not-for-profit mutual IFA network with backing from a top six life office.The Transparent network is targeting IFAs who are disgruntled at the high compliance costs of their existing networks by offering a menu of fixed-price services and does not charge a percentage of the IFA&#39s commission.The […]

Witan waives dealing charge

Witan investment trust is waiving the 1 per cent dealing charge on all Pep and Isa transfers, as well as al new Isa business, until April 5.As a result investors will only have to pay the 0.5 per cent stamp duty when buying the shares, and the fund carries an annual charge of 1.25 per […]

Depolarisation is good news

It is sad to see that the announcement of depolarisation has left so many people in a state of confusion.People think the end of the world has arrived and are defending the indefensible. There is no need to panic – depolarisation is good news and IFAs should all welcome it.Let us take a look into […]

ABN Amro glides across the Atlantic

ABN AMRO NORTH AMERICAN GROWTH FUND Type: Unit trust. Aim: Growth by investing in North American companies. Minimum investment: Lump sum £1,000, monthly £50. Investment split: Pharmaceuticals 13.3 per cent, cash 10.5 per cent, insurance 8.2 per cent, beverages 7.4 per cent, household products 6.5 per cent, communications equipment 5.8 per cent, IT consultancy and […]


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