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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


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 […]


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