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Hinckley & Rugby Building Society  – 2-Year 3% Discount

Hinckley & Rugby Building Society  – 2-Year 3% Discount

Type: Discounted-rate mortgage

Discounted term:  Two years

Discount: 3%

Payable rate: 2.64%

Minimum loan: £25,000

Maximum loan: Up to 60% of valuation subject to a maximum of £300,000

Income multiples: Based on affordability

Flexible features: Overpayments, interest calculated daily

Conditions: Free valuation for properties valued up to £1m, free legal fees for remortgages, available direct and through intermediaries, available for properties in England and Wales

Arrangement fee: £695 completion fee plus £100 arrangement fee

Redemption fee: None

Introducer’s fee: .3% of the original loan subject to a £225 minimum and £750 maximum



FSA investigates Swift Group for arrears handling practices

Essex-based lender Swift Group has revealed the FSA is investigating the company’s arrears handling and lending practices. The group’s accounts for the year ending March 31, 2010, show the regulator notified Swift it was conducting the investigation on July 31 last year. The document says the group, which is the parent company of Swift Advances, […]

Ernst & Young faces US lawsuit over Lehman

Ernst & Young has been sued by New York’s attorney general over its role in the collapse of Lehman Brothers in 2008. The accountancy firm has been accused of being complicit in a “massive accounting fraud” which Lehman ran. Ernst & Young has said it will “vigorously defend” itself, claiming that there is no factual […]

Clarkson Hill appoints restructuring firm as administrator

Clarkson Hill Group has appointed restructuring specialist Bridge Business Recovery LLP as administrator. The group says Bridge’s Tony Murphy and Robert Horton have been named as joint administrators. In a stockmarket announcement, it says as a result of this its nominated adviser and broker Cairn Financial Advisers LLP has resigned. Clarkson Hill says Bridge’s appointment […]


Friends attacked over non-protected transfer

Intelligent Pensions technical director David Trenner has hit out at Friends Provident after it refused to allow a partial transfer of £68,000 of non-protected rights into a Sipp. The dispute centres on Friends’ policy on the partial transfer of pension funds which have protected and non-protected rights elements into a Sipp. Friends says the product […]

Oil industry: only the fittest will survive

The actions of OPEC have forced the oil supply to fall and producers to cut costs and rationalise, says Richard Hulf In an interview with journalist Alexis Xydias, Richard Hulf, manager of the Artemis Global Energy Fund, explains the impact of the fall in the oil price on energy companies. Alexis also quizzes Richard on […]


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