View more on these topics

Nationwide launches European Tracker Mortgage

Nationwide Building Society is launching a sterling based mortgage linked to the European Central Bank&#39s interest rate.


The European Tracker Mortgage which is available from March 24 will be priced at 1.75 per cent above ECB&#39s interest rate for 10 years.


The current rate is 4.75 per cent but the society is offering a 1 per cent discount in the first year.

Recommended

1

&#39Double jeopardy&#39 warning on Esops

IFAs are warning that the Chancellor’ proposed new all-employee share ownership scheme could jeopardise investors and compete head-to-head with AVCs. Industry experts fear that people who take up the schemes to enhance their pension provision could face the risk of double ruin if their companies run into trouble. The scheme is set to allow employees […]

&#39League tables will bypass IFAs&#39 role&#39

The Government is being accused of undermining independent financial advice and misleading consumers by offering its own “back-door” advice.Enraged IFAs warn that the Chancellor&#39s plans for the Financial Services Authority to publish costs and charges league tables for savings, investment and pension products will lead to “misbuying” by confused consumers.They say the league tables will […]

Lambeth Building Society launches range of mortgages

Lambeth Building Society is launching a range of fixed and capped-rate mortgages.The range includes a 2 year fix at 3.85 per cent offering 75 per cent loan to value and a 5 year fixed-rate at 4.95 per cent offering 75 per cent loan to value.The society will also offer a 4 year fix at 5.8 […]

MCRI make Professional Indemnity Insurance mandatory by July

The Mortgage Code Registered of Intermediaries is forcing members to take out Professional Indemnity Insurance by July 1 1999.The move which was expected to be announced later in the year has caught many brokers on the hop.Millennium Insurance chief executive Ben Fish says: &#34bad publicity over the cowboy end of the profession has forced the […]

What are the key changes to transform pensions?

By Fiona Tait, pensions specialist In her final article for Royal London, Fiona Tait reviews key changes she believes have transformed, or will transform, pensions. In my 12 years with Royal London I have been paid to review, study and explain the numerous changes to pension legislation which have transformed our industry in that time. This is […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment