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Mortgages plc quits prime BTL

Mortgages plc is withdrawing from the prime buy-to-let market with immediate effect. The firm will continue to process prime BTL applications until close of business on Wednesday, March 26.

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DDQ gets dynamic on commodities

Structured product provider Dawnay Day Quantum has introduced protected commodities dynamo, a capital-protected bond linked to a basket of eight commodities.

Swip riding out the storm

Swip’s multi-manager team says it has achieved good relative returns for its multi-manager diversity and multi-manager select boutiques fund despite difficult market conditions.

Wave to withdraw 85% LTV products

Wave will no longer be offering mortgage products at 85 per cent loan to value.In an email to brokers, the Merrill Lynch subsidiary says that with effect from tomorrow the 85 per cent LTV band will be removed across its entire product range.It says decisions in principle will be accepted on withdrawn rates until close […]

Close transfers 4,200 investments onto Alliance Trust platform

Alliance Trust Savings has completed the transfer of over 4,200 Close Investments Isa, Pep and share plan wrappers to its platform. The open architecture platform allows Close to choose from over 3,000 fund choices as well as trading online, over the telephone or by post. Isa, Pep, Sipp and non-tax advantaged accounts can be consolidated […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]

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