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Leeds & Holbeck launches two year fixed rate loan

Leeds & Holbeck Building Society is launching a two year fixed rate mortgage.

The rate is fixed at 5.74 per cent until January 1, 2002 for loans up to 90 per cent loan to value. This rate increases to 5.98 per cent if the society&#39s Homecover insurance is not taken.

The loan which carries a £295 administration fee, is not available for remortgages.

If the mortgage is redeemed within the fixed rate period a six months&#39 interest penalty applies.


Investec launches high interest account for IFA clients

Investec Bank is launching a third issue of its Base Plus Account paying interest at 6 per cent gross.The account guarantees to pay investors 0.75 per cent above its own interest base rate.Investors are tied into the account for one year. However, a one off withdrawal is allowed after six months&#39 although this is subject […]

Standard Life Bank launches fixed rate bond

Standard Life Bank is launching a three year guaranteed fixed rate bond offering investors 6.5 per cent gross.The bond will be available from September 27 and will mature in July 27, 2002.The minimum investment is £1,000 and the maximum is £100,000.Interest can be paid either on a monthly or annual basis.Standard Life Bank managing director […]

CML calls for statutory mortgage regulation

The Council of Mortgage Lenders has joined the growing clamour for statutory mortgage regulation. The seeming change of heart comes only weeks after a covert nationwide survey by trading standards officials found mortgages are being systematically missold leaving thousands of home owners with poor value deals.The CML, up to now staunch a supporter of self-regulation, […]

Find directory launches brochure request service

Financial services website is launching an on-line brochure request service linked to its site.The new service allows users of the internet directory to request product brochures directly from a number of different financial services by a simple e-mail request.The service also has several other enhancements including &#34website of the week&#34 featuring sites that are […]


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