View more on these topics

Kent Reliance cuts mortgage rate but maintains savings rate

Kent Reliance Building Society has eased consumer interest rate fears by dropping their mortgage base rate by 0.6 per cent to 7.9 per cent.


Investors will not suffer from an immediate cut because investment rates will be held until January 1 1999.


Kent&#39s managing director Ian Robertson says: &#34We are passing to the consumer the benefits of our excellent financial year to September 30 1998 by substantially reducing mortgage rates whilst not reducing rates to investors for the time being.&#34

Recommended

Scot Life launches second tranch of income bonus bond

Scottish Life is introducing a second series of its Income Bonus Bond off the back of the first issue earlier this year which attracted more than £35m of investment.The five and a half year bond offers two options. It has a growth option that guarantees a return of capital plus growth of up to 150 […]

Swiss Life doubles maximum critical illness cover

Swiss Life (UK) has doubled the maximum critical illness benefit available to members of employer sponsored schemes from £250,000 to £500,000.It has also extended the number of medical conditions covered to all new and existing plan holders at no extra cost.Maximum cover for spouses or children of members has also been increased to £50,000 and […]

The Mortgage Operation launches &#39Cutting Edge Fix Mortgage&#39

The Mortgage Operation has launched a mortgage fixed at 5.49 per cent until 2002 to allow consumers to capitalise on the predicted fall in interest rates.The Cutting Edge Fix Mortgage, funded by West Bromwich Building Society, allows borrowers to enjoy a very competitive fixed-rate before reverting to the predicted reduced standard rate when the fixed […]

PepDirect removes up front commission fees for pensions

PepDirect parent Torquil Clark is launching a radical flat-fee pensions dealing service that waives up-front commission fees.PepDirect will deliver the service through its TQ Direct Choice arm. For a flat fee of £50 plus VAT it will set up a pension with one of a panel of vetted providers without charging any initial commission.The providers […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment