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Leeds & Holbeck Building Society launches base rate tracker

Leeds & Holbeck Building Society is launching a base rate tracker mortgage.

The loan is guaranteed to follow the Bank of England&#39s base rate plus 0.49 per cent for five years. Loans are available up to 95 per cent loan to value.

It has no early redemption penalties, but the society&#39s household insurance is required for five years otherwise 0.24 per cent is added to the rate.

There is an application fee of £395.


FSA announces formation of Training Advisory Panel

The Financial Services Authority has announced its Training Advisory Panel.The panel is designed to provide advice to the FSA over training and competence issues and approval of industry examinations.The FSAs head of industry training David Jackman will chair the committee. The panel will consist of 14 industry practitioners including IFA Network managing director Nick Ansell […]

Portman Building Society launches one year fixed rate bond

Portman Building Society has launched a one year fixed rate bond paying 5.75 per cent.The bond has a minimum investment of £500 or £1,000 for postal applications.No withdrawals are allowed during the term.

Luxemburg firms to receive exemption from fiscal representation

The Isle of Man Treasury and life offices claim the offshore industry has been stung by a UK Inland Revenue decision to grant a Luxemburg-based life office exemption from tax reporting rules.Fiscal representation rules, designed to provide a structure for the reporting of taxable life office transactions, will cause an extra burden of administration costs […]

National Savings increases fixed interest rates

National Savings has increased the interest rates on three of its fixed rate savings products.The move has been triggered by upward movement in medium term money market rates.The interest rate on the five year Pensioners Bonds and Capital Bonds is increased to 5.15 per cent gross from 4.85 per cent gross. While the tax free […]


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