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NatWest launches range of self-cert mortgages

NatWest Bank is launching a range of five self-certification mortgages to be sold through intermediaries saying it is one of the first of the major high street banks to cater for this market. Rates start at 4.65 per cent and are available on a loan to value up to 85 per cent and there are both fixed and discountrd products available. NatWest is targeting self-employed people and employed borrowers with irregular incomes, multiple jobs and contract workers.

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Aberdeen to sell seven unit trusts to New Star

Aberdeen Asset Management is expected to sell seven of its unit trusts to New Star Investment Funds this week in a bid to reduce mounting debt.The deal, which was still being negotiated at the time of going to press, is likely to see New Star pay at least £60m for the funds, which have a […]

Aegon reviews ScotEq brand

The 172-year-old Scottish Equitable brand is understood to be under review as its Dutch multinational owner Aegon aims to underline its financial strength and global image.The review could see ScotEq become the latest casualty in the growing trend to drop the life industry&#39s link to its Scottish heritage which was once seen as a major […]

Cadbury to step down from Henderson trust

Henderson smaller companies trust chairman Peter Cadbury is to retire on March 21, 2003 after heading the trust since 1989. At the board meeting on that date he will be succeeded by Dudley Fishburn, who has been on the board since 1996. He is chairman of HFC Bank and on the board of Philip Morris, […]

Incentives needed for low-paid savings

The majority of IFAs see more generous financial incentives as the best way to get the low-paid saving, says research from Axa.Increasing tax to pay for improved state pension provision was rejected by 68 per cent of IFAs, with 63 per cent saying the best way to address the pension funding crisis is to increase […]

Tax avoidance (the fight goes on)

In recent times, we have witnessed high-profile celebrities and sports stars make the headlines for potential tax liabilities on ‘failed’ tax avoidance schemes. We are now used to reading about these individuals, but what about those who advise on such schemes? Read more

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