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Mortgage Next – Fixed Rate Fee Saver

Friday, 1 June 2001.

Type: Fixed rate mortgage for members of Mortgage Next service.

Fixed term: Until July 31, 2006.

Fixed rate: 6.09 per cent.

Minimum loan: £15,001, remortgages £25,001.

Maximum loan: Up to 95 per cent of valuation subject to no maximum.

Income multiples: Subject to negotiation.

Arrangement fee: £299.

Redemption fee: 7 per cent of amount repaid plus £100 until July 31, 2002, 6 per cent plus £100 until July 31, 2004, 5 per cent plus £100 until July 31, 2006.

Conditions: Free valuation, free legal fees for remortgages.

Introducer&#39s fee: £500.

Tel: 020 7620 0100.


MGM turns to art to raise profile

MGM Assurance is sponsoring the first piece of modern art to be displayed at the Royal Botanical Gardens, Kew for over 100 years in a bid to raise its profile with the public. The piece, called Autumn, will be placed in Kew&#39s Ave-nue of Maples and MGM says it hopes the plaque will raise public […]

Chelsea Building Society – Fixed Rate Plus 3rd Issue

Thursday, 31 May 2001.Type: High interest account.Minimum-maximum investment: £2,500-£500,000.Interest rates: 5.5 per cent gross a year, 5.37 per cent gross a month.Term: Until March 1, 2002.Offer period: Until further notice.Withdrawal penalties: 30 days&#39 loss of interest on amount withdrawn until July 1, 2003Tel: 08702 404808.

Scottish Life to demutualise

Scottish Life members voted overwhelmingly to demutualise and transfer business to Royal London at its EGM this week.Qualifying members will receive £500 cash for loss of membership rights and qualifying with-profits policyholders will receive additional reversionary bonuses and a terminal bonus enhancement.Approximately £960m will be distributed as enhanced benefits to qualifying with-profits policyholders. Windfalls have […]

Companies unaware of cost of group income protection

Most companies recognise the benefits of income protection yet still do not buy it, according to research by Norwich Union Healthcare.The research shows 70 per cent of companies see how group income protection can facilitate staff recruitment and retention, but think they don&#39t need it or it&#39s too expensive, while 59 per cent of firms […]


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