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ICMG – Self-Certification

Thursday, 25 October 2001.

Discounted term: Until December 1, 2002.

Discount: 1.5 per cent until March 1, 2002, 0.7 per cent until December 1, 2002.

Payable rate: 4.99 per cent until March 1, 2002, 5.69 per cent until December 1, 2002.

Minimum loan: £25,001.

Maximum loan: Up to 80 per cent of valuation subject to a maximum of £500,000, up to 85 per cent subject to a maximum of £300,000. First-time buyers up to 85 per cent subject to a maximum of £200,000.

Income multiples: 3.5 times principal income plus second or 2.75 times joint.

Arrangement fee: £299.

Redemption fee: Three months&#39 interest in year one, two months&#39 in year two, one month&#39s in year three.

Conditions: None.

Introducer&#39s fee: 0.4 per cent.

Tel: 01702 433777.




Nationwide – Nationwide High Income Fund

Friday, 26 October 2001.Type: Unit trust.Aim: Income by investing in UK corporate bonds, overseas equities and fixed interest securities.Minimum investment: Lump sum £500, monthly £50.Investment split: UK corporate bonds 97 per cent, overseas equities 2 per cent, fixed interest securities 1 per cent. Yield: 6.5 per cent.Isa link: Yes.Pep transfers: No.Charges: Annual 1 per cent.Commission: […]

Scottish accountant referral service set up

A new service is being launched in Scotland to encourage chartered accountants no longer regulated by the FSA after N2 to refer work to IFAs. The IFA vehicle service idea comes from a London-based member of the Institute of Chartered Accountants in Scotland, Bruce Candlish, of accountancy firm McKenzie Candlish. The service&#39s first provider contract […]

EU opens up more funds to UK IFAs

IFAs will have a broader range of funds at their disposal under a new EU investment fund directive, commonly known as Ucits II, approved this week.In a first step towards an integrated single market for financial services, investment managers will be all-owed to market their funds across the EU after registration with that country&#39s regulatory […]

Consumers turn to remote banking

The number of consumers using internet and telephone banking has risen to 13.5 million, according to BACS, the UK&#39s automated clearing house.The research shows 10 million consumers checked balances over the telephone and 3.5 million logged onto their accounts via the internet.BACS sector marketing manager Anthony Sherick says: “We are delighted with the speed that […]

Converting pension savings to a retirement income…

Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]


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