View more on these topics

Mercantile cuts variable base rate to 7.95 per cent

Mercantile Building Society is cutting its variable base rate mortgage to 7.95 per cent and introducing a 5.99 per cent fixed-rate mortgage.


The 5.99 per cent rate is fixed until April 2 2002, has no valuation fee, a £250 contribution to legal expenses on completion, 12 months free unemployment cover, loans up to 90 per cent of value and a booking fee of £245.


Director and chief executive Gordon Robinson says: &#34The MPC&#39s decision to cut interest rates should provide a boost to an otherwise stagnant housing market and the fixed-rate allows home buyers an immediate opportunity to take full advantage of lower market rates.&#34

Recommended

BSA picks up Hewitt&#39s gauntlet on social exclusion

The Building Societies Association is accepting Patricia Hewitt&#39s invitation to contribute to the financial exclusion debate.Hewitt made the invitation during a speech which challenged building societies to tackle the problem of financial exclusion in deprived neighbourhoods.BSA director-general Adrian Coles says: &#34We have established a group which will consider ways in which building societies can further […]

Bankhall launches new IFA academy

Bankhall Investment Associates is setting up a an IFA academy for graduate trainees.The Academy will enable graduates to qualify up to FPC3 level in an intensive six week programme.Bankhall technical advice manager David Ingram says: &#34The Academy has been born out of genuine concern for the future of our industry. We see this as a […]

The Brunner Investment Trust – April 2017

Welcome to the latest update for The Brunner Investment Trust PLC from the Trust’s portfolio manager, Lucy Macdonald. Market Review Global equities have rallied over the first quarter of 2017, buoyed by signs of strengthening growth and optimism over company earnings, although this rally has faded towards the quarter end. US equities posted their strongest […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment