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First Active activates first mortgage product

First Active, formerly Mortgage Trust, is launching its first product since its rebranding.

The lender is offering a 3-year, capped-rate current account mortgage at a rate of 6.99 per cent. It is available exclusively to IFAs and carries a £250 introducer&#39s fee.

First Active says that the mortgage offers the lowest rate on the market for a combined bank account and mortgage. It is also free from redemption penalties and MIG fees.

First Active business development director Frank Eve says: &#34The broker market was key to our growth as Mortgage Trust and will remain equally important to us as First Active.&#34

Irish parent company First National building society will change its name to First Active plc when it floats on the London and Irish stock markets in the next few months.


Fedelta offers Offshore pension scheme for ex-pats

Isle of Man based specialist pension consultants, Fedelta Pensions, has introduced its International Pension Scheme to the offshore market. The scheme is based on the UK small self-administered scheme but provides for greater flexibility as it is not restricted by the SSAS investment guidelines.Fedelta is targeting the scheme at employers of UK domiciled ex-patriates currently […]

GE Financial launches guaranteed Pep

PEPSGE Financial Fund ManagementEUROPEPAim: To provide capital growth through an investment portfolio linked to the FTSE Eurotop 100 index.Minimum-maximum investment: £3,000 – £9,000.Term: Until April 13, 2004.Return: 130 per cent of the growth of the stockmarket index subject to a maximum of 175 per cent of initial investment.Minimum return: 100 per cent of initial investment.Investment […]

Prime Health adds travel insurance to its group PMI

Prime HealthPRIVATE MEDICAL INSURANCEType: Addition of worldwide travel insurance option to its group PMI plans – Company Primecare and Company Primecare SuperSaver. Premiums start at £4.50 a month and cover includes employees&#39 families.Tel: 0800 252369.

Halifax housing survey shows small fall in August

The Halifax House Price Index registered a small 0.1 per cent fall in August compared with a rise of 0.5 per cent in July.The Halifax does not believe the fall signals the beginning of a recession in the housing market. But it believes that the market growth will be moderate for the next few months.On […]

Graphic content – December; the countries most exposed to a rise in protectionism

President-elect Trump has suggested withdrawing from the North American Free Trade Agreement (NAFTA) and ending negotiations over the Trans-Pacific Partnership (TPP), albeit there is considerable uncertainty over what he will, or even can, do. If one of the main consequences of the election of Donald Trump is US protectionism, it’s worth considering who stands to […]


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