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Leeds BS launches shared ownership loan through PMS and Sesame

Leeds Building Society has launched a new exclusive two-year fixed rate shared ownership mortgage through PMS and Sesame.

The product is fixed at 5.89 per cent until March 31, 2014, with a maximum loan-to-value of 75 per cent and a £199 booking fee. There is no completion fee.

PMS senior product and communications manager Robert McCoy says: “I am sure this will be popular with our members and their shared ownership clients looking for the security of a fixed rate.”


Investment roundup 2011: A year of volatility and uncertainty

Stockmarket volatility that has seen the FTSE 100 fluctuate between a low of 4,944 and a high of 6,091 has made for a tough investment market this year. High levels of cash, sovereign bonds and safe-haven assets like gold made frequent appearances in investor portfolios and funds. The twists and turns and conflicting political forces […]

Agreement close in public sector pension row

The majority of unions representing public sector workers have agreed to consider new pension reform offers from the Government. Treasury Chief Secretary Danny Alexander has made a statement to the Commons today outlining the heads of agreement that have been reached with health workers, local government workers and some teaching and civil service unions. The […]

RBS to shrink investment bank business

Chancellor George Osborne has announced that Royal Bank of Scotland Group will shrink its investment bank business to focus elsewhere. Osborne says as the largest shareholder the government believed RBS’s future was as a major retail bank. In its response to the Independent Commission on Banking, Osborne says investment banking will continue to support its corporate […]

US regulators charge ex-Madoff employee who hid ponzi scheme

The Securities & Exchange Commission has charged “long-time Bernie Madoff employee” Enrica Cotellessa-Pitz with falsifying books and records. The SEC claims Cotellessa-Pitz falsified records “in order to hide Madoff’s fraudulent investment advisory operations from regulators”. Cotellessa-Pitz worked for Bernard L. Madoff Investment Securities for more than 30 years and is alleged to have misclassified “hundreds of […]


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