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First Active caps for two years

First Active is launching a two-year capped-rate flexible mortgage.

The rate is capped at 5.99 per cent for loans up to 75 per cent loan to value, increasing to 6.49 per cent for loans up to 85 per cent and 6.99 per cent up to 95 per cent loan to value.

It has no mortgage indemnity or redemption fees, but has an application fee ranging from £172 to £369 depending on the size of the loan.

The loan which has a cheque book and cash card facility has no compulsory insurances.


Norwich & Peterborough reveal Isa range

Norwich & Peterborough Building Society has unveiled its range of Isa accounts.The range consists of a mini-Isa paying a variable rate of 6.75 per cent, with an added guarantee to be at least the equal to the UK bank base rate until April 5, 2001 and then no lower than 2 per cent below it […]

ScotAm attacked for locking 500,000 in low-performing funds

Scottish Amicable is under fire from IFAs for locking nearly 500,000 policyholders into poor-performing funds.It linked up with six external fund managers in February this year after years of dismal performance from its own fund managers.But only regular-premium policyholders since February 1998 and single-premium policyholders since September 1998 will be allowed access to the new […]


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