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Low cap Coventry

Coventry Building Society has introduced the 6.20 per cent capped rate mortgage.

Aimed at remortgage and first time buyers, the mortgage has a capped rate of 6.20 per cent for the first five years, along with a maximum loan to value of 75 per cent.

When the capped rate expires, on November 30, 2005, the mortgage will revert to Coventry Building Society’s standard variable rate, which currently stands at 7.05 per cent.

Looking at other five year capped rate mortgages, the 6.20 per cent is the lowest rate on September 5, 2000. Its nearest rivals are the 6.60 per cent capped rate mortgage, also from Coventry Building Society, and the 6.85 per cent capped rate mortgage from Marsden building society.

The only drawback to the 6.20 per cent mortgage is its 75 per cent maximum loan to value limit, whilst the other two have a 95 and 90 per cent loan to value respectively.


Abbey buys Scottish Provident for £2bn

Abbey National has reportedly won the Scottish Provident sweepstakes with a deal for the purchase of the mutual insurer worth £2bn. The sale will result in windfalls for Scot Prov policyholders of an average of £4,500 to £6,500 each. Abbey was facing competition from a number of rivals including Royal London, Liverpool Victoria, Old Mutual […]

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China tech and Global Alpha: a new great leap forward

By Robin Geffen, Fund Manager and CEO

Internet giant Alibaba is exactly the type of entrepreneurial company that the high-conviction, top-performing Neptune Global Alpha Fund seeks to invest in. Established just 14 years ago in an apartment in Hangzhou, today Alibaba is larger than Amazon and eBay put together and is challenging some of the most powerful internet companies in the world…

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Investment risks

The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.


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