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First Direct  – Mortgage Portfolio update

First Direct  – Mortgage Portfolio update

Update:  Addition of 2-year 2.69% fixed to 65% LTV with £499 arrangement fee and £500 booking fee and 3% early repayment charge; 2-year 2.89% Fixed Offset to 65% LTV with £499 arrangement fee and £500 booking fee and 3% early repayment charge,  2-year fixed rate to 85% LTV reduced to 4.69% from 4.99% with booking fee increased to £500 and £499 arrangement fee; 3-year Fixed Offset to 75% reduced to 3.99% from 4.39%, 5-year fixed to 85% LTV reduced to 5.59% from 5.79% with booking fee increased to £500 and £499 arrangement fee. All mortgages available direct only



Inflation rises to 3.2 per cent

Consumer price index inflation rose from 3.1 per cent to 3.2 per cent in October, well above the Bank of England’s target, according to the Office for National Statistics. Retail price index inflation was 4.5 per cent. RPIX, which excludes mortgage interest payments, was unchanged at 4.6 per cent. Bank of England governor Mervyn King […]

Equity income funds switch strategy to make up for BP

High-profile equity income managers have taken special measures to protect performance after BP’s oil spill hit dividend payouts. To provide a steady stream of income for investors, fund managers have used derivatives, shifted parts of their portfolios overseas and allocated to small and mid caps. Newton higher-income fund manager Tineke Frikkee has increased her use […]

Sense of relief at pension solutions

Despite pressure on the Government to save money wherever it can to address the budget deficit, the Treasury has decided to let pension tax relief continue at the saver’s marginal rate. ABI acting director general Maggie Craig says this will help keep pensions as an important form of saving for higher earners and as a […]

Open minded

The Open University is offering a foundation degree in financial services aimed at people on the retail front line who want to develop their careers


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