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Market Harborough Building Society 2 year discount

Discounted term: 2 years

Discount: 2.25%

Payable rate: 3.49%

Minimum loan: £35,000

Maximum loan: £400,000

Income multiples: Over 75% if valuation three times principal

incomce plus 2.5 times joint, under 75% of valuation three times

principal income plus 3.5 times joint

Arrangement fee: £295

Redemption fee: 6 months penalty interest in first 5 years, one

months notice or one months redemption interest thereafter

Conditions: max LTV 85%

Introducer&#39s fee: Standard £150, loans over £75,000 at no more than

75% of valuation – additional £75

Tel: 01858 435 716



Liv Vic launches new annuity

Liverpool Victoria is launching a new more flexible with-profits annuity available now from open market options as well as pension transfers.The annuity offers guaranteed income for the first two years, irrespective of bonus declarations or anticipated bonus rates. It also has a guaranteed minimum income. The annuity is available on single or joint life last […]

ABN fears bulk annuity burden at Pru and L&G

Investment analysts ABN Amro have expressed serious concerns overPrudential&#39s and Legal & General&#39s bulk annuity business,claiming that the liabilities taken on may be too great.Bulk annuities are created when defined-benefit schemes close andtrustees sell off future liabilities to insurance companies.ABN has recommended reducing shareholdings in Prudential afterlooking at its bulk annuity business.A report from the […]

Equitable wins vote but the legal battle goes on

Beleaguered Equitable Life has got a much-needed boost afterpolicyholders voted overwhelmingly in favour of its compromise dealaimed at stabilising the society.Exceeding most expectations, the deal got the backing of 97.3 percent of guaranteed annuity policyholders, with 98.6 and 99 per centof the two non-GAR policyholder categories. The High Court has toapprove its implementation.But despite chairman […]

Helpful distortion

It appears that among the reasons given by the FSA to abandonpolarisation is that it is a major market distortion. This does notconstitute a reason for change.In a free market, the powerful and well informed exploit the weaknessand ignorance of those with whom they deal. Before 1986, financialconsumers, who largely exhibit the latter qualities, had […]


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