View more on these topics

Manchester introduces new capped rate mortgage

Manchester Building Society is introducing a capped rate mortgage with an interest rate of 6.74 per cent until December 2002.


The Capped Rate Mortgage Scheme will have a minimum loan of £50,000 and an arrangement fee of £295.


Chief executive David Barron says: &#34Unlike the majority of schemes available from other lenders which have redemption periods of six or seven years, the redemption penalty on our scheme matches the period of the capped rate.&#34

Recommended

Scottish Widows launches three pension funds

Scottish Widows has extended its pension portfolio and launched three new pension funds. The European Pension fund, the US Pension fund and the Japanese Pension fund each invest solely in their respective unit trusts.

BVCA &#39business angels&#39 hit record highs in 12 months to June

The British Venture Capital Association has announced a record £25m of business angel investment for the 12 months to June 30 1998.The 398 registered business angels made 227 investments totalling £24.6m in 223 registered companies.The majority – 69 per cent – of investments were less than £50,000 with technology the most popular sector.Scotland, East Anglia, […]

Unfinished business?

Pension specialist Fiona Tait gives an update on three big announcements from the 2016 Budget – Pensions Advice Allowance (PAA), the Lifetime ISA (LISA) and the pension dashboard. £500 Pensions Advice Allowance What’s new Under current rules it is possible to deduct an adviser charge from a defined contribution pension fund to pay for financial […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment