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Lambeth offers £100 mortgage holiday

Lambeth Building Society is offering a customers a £100 holiday voucher when they buy its new 5.99 per cent fixed-rate mortgage.

The mortgage is fixed until February 1 2002 and has no redemption interest after the fixed rate period. It has a loan size up to 95 per cent of value and a choice of repayment through endowment or pension-linked loans.

The rate of interest will return to the society&#39s normal minimum variable rate at the end of the fix. The reservation fee is £295.


Britannia argues that it isn&#39t facing £250,000 fine

Britannia Life is denying that it is about to be fined £250,000 by the PIA for misselling pensions.The company has spoken out following Royal & Sun Alliance&#39s confirmation that they are being fined £225,000 by the PIA.The firm recently found over 1,000 potential cases which were not initially discovered as part of the PIA&#39s review, […]

Tunbridge Wells Equitable launches university savings bond

Tunbridge Wells Equitable is launching a university bond to allow parents to meet the escalating cost of higher education.The friendly society is launching the bond in response to the Government&#39s scrapping of maintenance grants and introduction of tuition fees.The with-profits bond is designed as a monthly savings plan with a term of between 10 and […]

Pru forced to change Egg advertising

Prudential is being forced to change the advertising on its Egg savings account after the Advertising Standards Authority upheld a complaint from Standard Life that the account was misleading.The ASA issued an informal request for Pru to include a disclaimer that it can take 3 days to withdraw money. Pru is considering its response.The ASA […]

Friends Ivory & Sime launches 24-hour helpline for AIM VCT trust

Friends Ivory & Sime is creating a 24-hour phoneline for IFA&#39s looking to obtain investment prospectuses for its AIM VCT Trust.FIS says the trust&#39s appeal is that it offers the tax benefits of a venture capital trust with up front relief as high as 60 per cent combined with the growth opportunities to be found […]

Craig Inches – thoughts on how to preserve capital and generate income in an inflationary environment

In this short video, Craig Inches, head of short rates and cash at Royal London Asset Management, offers his thoughts on how to preserve capital and generate income in an inflationary environment. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well […]


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