View more on these topics

Leeds & Holbeck tracker cap offering 4.59% rate

Leeds & Holbeck Building Society is offering a capped tracker mortgage guaranteeing that borrowers will not pay more than 4.99 per cent until October 2004.

It claims that borrowers will benefit if the Bank of England cuts interest rates but they also have the security of what it claims is the the best two-year capped rate on the market.

The mortgage&#39s current interest rate is 4.59 per cent – Bank of England base rate plus 0.59 per cent – and is available up to a loan to value of 95 per cent. There is no lock-in past October 2004. There is a completion fee of £299

Head of marketing Tony Burdin says: “Our new capped tracker mortgage is ideal for borrowers wanting to hedge against future rate rises and enjoy the benefits of any base rate reductions.

“It is a different type of product that suits the current market when interest rates could go either way.

“If there is no change then borrowers are still enjoying a better discount and extended the time-scale for our popular and market-leading three-year fixed rate.”


Skipton Building Society – 2 Year Fixed Rate Bond

Tuesday, 30 July, 2002 Type: High interest account Minimum-maximum investment: £1,000-£10,000 Interest rates: 4.95% gross a year Terms: Until September 30, 2004 Offer period: Until further notice Withdrawal penalties: No withdrawals permitted during term Tel: 0800 446776

FSA guidance on accounting for windfalls when paying compensation

The FSA has published guidance on how firms calculating compensation payments should treat windfall payments following the Needler court judgement in July 2001. The FSA says the judgement has implications for pensions and FSAVC review compensation cases as firms are no longer allowed to deduct the value of the windfalls paid as top-ups from any […]

Farthing and Euro team leave Old Mutual

Old Mutual Asset Management has parted company with its four-man European team headed by Adrian Farthing.It is believed that the team has been replaced by Omam with immediate effect.The fund manager would only say that institutional manager David Ross would take over the running of Farthing&#39s three funds.The team has been responsible for the European […]

Doctors Direct aims for healthy investment

Doctors Direct is an enterprise investment scheme (EIS) which aims to raise £1m to expand its business, which provides paying customers with visits from private general practitioners (GPs).The business covers five areas — private patient visits, workplace visits arranged through employers, GP services for hotels and events, GP services to visitors to the UK through […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm