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Mortgages for Brits in South Africa

Overseas mortgage specialist Conti Financial Services is launching a new mortage product for UK residents who want to buy in South Africa. The new scheme introduces the option of Euro, Sterling or SA Rand mortgages, with rates from approx 4.85% variable in Euros, approx 6.70% variable in Sterling and 15.00% variable in SA Rand The loan will be available at 80 per cent over 20 years.

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The vast majority of IFAs do nothing to earn their trail commission and they should have it taken away by product providers, according to retail fund distributor The Money Portal. Managing director Richard Craven, who is currently in talks to buy a number of IFA companies, says product providers should pay only up-front commission to […]

Southern Pacific launches range of light adverse loans

Southern Pacific Mortgages Limited has launched a range of light adverse mortgages. Seven schemes will be available to borrowers, with loan to value available from 65 per cent to 95 per cent, with a 95 per cent MIG free option. Rates range from 2.25 per cent to 4.25 per cent above LIBOR depending on the […]

Unit-linked sales boosted

Rising confidence in the stockmarkets has brought a boost to sales of unit-linked funds, according to the ABI. Its latest figures show individual regular-premium life and pension business at £863m for the third quarter of this year, down from £947m in the second quarter and £917m in Q3 of last year. However, the ABI points […]

FMG Fund Managers – FMG Rising 3 Fund

Type: Multi-manager hedge fund Aim: Growth by investing in Russia, China and India Minimum investment: $10,000 Investment split: 33.33% Russia, 33.34% China, 33.33% India Place of registration: Bermuda Charges: Initial up to 5%, annual 2% Commission: Subject to negotiation Tel: 020 7903 3955

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