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Lambeth to offer ISA feeder account

Lambeth Building Society is launching a pre-cash ISA feeder account and two capped-rate mortgages.


The pre-cash ISA has a minimum investment of £3,000, 35 days notice of withdrawal and no obligation to open a cash ISA with the society.


The mortgages are capped at 4.99 per cent to May 2000 and 5.14 per cent to March 2001.


Both mortgages have a procuration fee of £100 for loans up to £50,000 and £150 for loans in excess of £50,000.

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