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Fixed rate buy to let products launched by Paragon

Paragon Mortgages is launching three fixed rate buy to let mortgages for periods from one to five years.

The one year fixed rate is at 5.25 per cent, with a maximum loan to value of 75 per cent for loans up to £500,000, rising to 1.5 per cent above the three month London inter-bank offering rate for the rest of the term. Redemption costs are six months&#39 interest during the fixed period, reducing to three months for the following two years.

The two year fixed rate is 5.75 per cent, but with a redemption penalty of six months&#39 interest during the first two years. The five-year fix is at 5.95 per cent, with a penalty of nine months&#39 interest during the period of the fix.

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&#39Raising awareness will be an all-round task&#39

Tackling low financial awareness is a long-term task which demands a concerted effort from financial advisers, the Government and other parties, says the FSA.Its warning follows last week&#39s publication of a report by the National Association of Citizens&#39 Advice Bureaux which highlights the impact of financial literacy on individuals&#39 financial security.In the wake of the […]

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IO Investors to target UK IFAs with fund duo

Manager-of-manager provider IO Investors is set to introduce two new unit trusts in April in to the UK IFA market.The South African firm launched in the UK this month under the new brand of IO Investors. Until now, it has run under the Gensec International Asset Management brand.The two new funds – the global balanced […]

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