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Leeds launches 3-year BTL discounted mortgage

Leeds Building Society is launching a new three-year buy-to-let discount mortgage at 4.99 per cent up to 80 per cent LTV.

The product has no higher lending charge and 10 per cent capital repayments are allowed each year without penalty.

There is also a fee-free version with a valuation up to 335 and a free house legal service for remortgages.

Corporate relationship manager Jeff Kirk says: We have looked at our product range carefully to introduce this buy-to-let discount. There is no higher lending charge and 10 per cent capital repayments are allowed each year without penalty.


Turner on the back-burner

How many times have you gone to a function where one of the attendees is dreaded by the remainder? Yet when they arrive you could not tell that their presence was unwelcome.

Close to launch second Japanese fund

Close Fund Management is to launch its second Japanese accelerated return fund in late December offering five times the return of the Nikkei 225 over six years.The sterling-hedged fund will offer a maximum of 80 per cent over six years and offers 100 per cent capital protection if the index has not fallen 50 per […]

Brown to tighten anti-avoidance loopholes

Tax avoidance loopholes are being tightened up with Chancellor Gordon Brown looking at capital gains tax, offshore schemes and IHT.The Treasury says its will put anti-avoidance measures in place from 5 December and will target second hand interest in foreign trusts and using artificial trust arrangements to escape both the gift with reservation and pre-owned […]

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Preparing for the changes to the pensions market

As more and more providers start to reveal their stance on the charge cap and removal of commission and active member discount pricing, we thought it would be worthwhile to look at what these are, and the steps businesses should be taking to prepare for this.


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