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Mercantile offers new discount mortgage rates

Mercantile Building Society is offering a mortgage discounted by 2.1 per cent off its standard variable rate of 7.39 per cent until July 2003.

The discount is available for mortgages up to 80 per cent loan to value. For mortgages up to 90 per cent loan to value the discount is 1.6 per cent.

The discounted mortgages carry no penalties for early repayment.

Unemployment insurance for mortgage payments is provided free for the first year.


Edinburgh Fund Managers – Edinburgh Leveraged Income Trust

Wednesday, 7th March 2001.Type: Split-capital investment trust.Aim: Growth and income by investing in high yield split-capital investment trusts and UK-quoted smaller companies.Minimum investment: Subject to negotiation with stockbroker.Maximum investment: None.Investment split: Split capital investment trusts and other high-yielding investment trusts 75 per cent, UK-quoted smaller companies 25 per cent.Types of share: Ordinary shares, zero-dividend preference […]

Revenue renews IPA commitment

The Inland Revenue has renewed its commitment to launching Individual Pension Accounts on April 6 despite industry concerns that it will not have sufficient time to develop appropriate products.Pension experts say that because of the delayed publication of the final regulations for the new pension vehicle, they will struggle to develop a product in time. […]

Norwich Union International launches 20 new funds

Norwich Union International, CGNU&#39s Dublin-based offshore life and investment arm, is launching 20 new funds this week.The new fund range includes three funds of funds – cautious, managed and growth – managed by Investment Manager Selection.The range also includes six socially responsible investment funds managed by Norwich Union&#39s SRI team.The 11 other new funds include […]

Older investors targeted by Aberdeen

Aberdeen Asset Management is hoping its Worldwide high income plan will be attractive to older investors.This investment trust is available as in individual savings account and invests in eight other investment trusts managed by Aberdeen and its subsidiary company, Murry Johnstone.The investment split offers investors a great deal of geographical diversity as it covers the […]

Healthcare regulation amalgamation predicted for Gulf states

While Dubai is leading the way in terms of legislating for expat healthcare in the Gulf, Qatar, Abu Dhabi and others are watching and learning – that’s according to Jelf International’s director of international services, Doug Rice. He believes the pace of change in the Gulf states will continue and that some level of unified healthcare system will be introduced across the region.


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