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Friends Provident – The Personal Range – Individual Personal Pension

Friends Provident

The Personal Range Individual Personal Pension

Type: Individual personal pension

Minimum premium: Lump sum 1,000, monthly 100

Minimum-maximum ages: From birth-75

Fund links: Choice of 20 Friends Provident funds, seven multimanager funds from Friends Provident and F&C, 33 externally managed funds from ABN Amro, Artemis, Baillie Gifford, Fidelity, First State, Gartmore, HSBC, Investec, Invesco Perpetual, Lazard, Merrill Lynch New Star, Newton, Schroders and UBS, cautious, balanced and speculative lifestyle investment programmes

Options: Transfer value account, protected rights account, pension credit account, pension for children option

Allocation rate: 100%

Charges: Annual up to 1.5% in first 10 years, thereafter 1%, annual 0.2-0.9% for externally managed and multi-manager funds

Commission: Initial up to 10% of Lautro rates, initial up to 10% of Lautro rates plus 0.1% fund-based renewal, fund-based renewal only up to 4% a year, additional fund-based renewal in first 10 years up to 0.5%

Tel: 0845 7573 036
FRIENDS PROVIDENT
The Personal Range Individual Stakeholder Pension
Type: Individual stakeholder pension
Minimum premium: Lump sum 20, monthly 20
Minimum-maximum ages: From birth-75
Fund links: Choice of 20 Friends Provident funds
Options: Transfer value account, protected rights account, pension credit account, pension for children option
Allocation rate: 100%
Charges: Annual up to 1.5% in first 10 years, thereafter 1%,
Commission: Initial up to 10% of Lautro rates, initial up to 10% of Lautro rates plus 0.1% fund-based renewal, fund-based renewal only up to 4% a year, additional fund-based renewal in first 10 years up to 0.5%
Tel: 0845 7573 036
ENTERPRISE INVESTMENT SCHEMES
JUBILEE PICTURES
Jubilee Pictures EIS
Type: Enterprise investment scheme
Aim: Growth and income by investing in the production of a library of feature films
Minimum investment: Lump sum 10,000
Closing date: April 30, 2005
Charges: Initial 5%
Commission: Initial 3%
Tel: 020 7493 7890
MORTGAGES
ALLIANCE & LEICESTER
Two Year Base Rate Tracker
Type: Discounted-rate tracker mortgage
Discounted term: Two years
Discount: 0.71%
Payable rate: 4.79%
Tracker term: Lifetime of loan
Tracker rate: 0.75% above Bank of England base rate
Minimum loan: 15,000
Maximum loan: Up to 95% of valuation subject to a maximum of 250,000, up to 90% of valuation subject to a maximum of 500,000, up to 85% of valuation subject to a maximum of 1m
Income multiples: Loans up to 75% of valuation up to 4.25 times principal income plus second or 3.25 times joint, loans above 75% of valuation – up to 3.75 times principal income plus second or 3.1 times joint
Flexible features: Overpayments, underpayments, payment holidays,lump sum withdrawals, interest calculated daily
Arrangement fee: 395
Redemption fee: 3% of amount repaid in first two years
Introducers fee: Subject to negotiation
Tel: 0870 0100657
COVENTRY BUILDING SOCIETY
Buy-to-Let 5.89% Fixed
Type: Fixed-rate buy-to-let mortgage
Fixed term: Until March 31, 2008
Fixed rate: 5.89%
Minimum loan: 25,001
Maximum loan: Up to 85% of valuation subject to a maximum of 300,000, up to 80% of valuation subject to a maximum of 350,000, up to 75% of valuation subject to a maximum of 500,000
Income multiples: Rental income must be at least 130% of mortgage repayments
Conditions: Capital repayments of up to 5% a year allowed without penalty, up to five properties allowed within a 1m maximum, discounted legal fees of 285 if the societys solicitor is used
Arrangement fee: 475 plus 250 booking fee
Redemption fee: 2% of amount repaid until March 31, 2008
Introducers fee: Subject to negotiation
Tel: 0845 7573612.

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