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New 2-year fixed loan from GMAC-RFC

Lender GMAC-RFC has launched a new two year fixed mortgage with an interest rate of just 3.55 per cent on loans up to 90 per cent loan to value.
On mortgages up to 95 per cent LTV, the interest rate is set at 3.75 per cent.
Minimum loan is £25,001 while the maximum is £750,000 under the new arrangements.
The rate is fixed until May 1, 2005 on the product which is available for purchase or remortgaging.

GMAC-RFC head of product development Peter Stimson says: “With today&#39s economic uncertainty, customers are looking for both flexibility and value for money with their mortgages. Two-year fixed rate deals continue to be in demand from borrowers who are looking for a combination of an attractive rate and security of payment, so they can manage their outgoings and budget repayments.”


Thinktank says scrap private pensions for &#39people&#39s fund&#39

The financial services industry and stockmarkets are no longer appropriate for pension investments and should be replaced by a “people&#39s pension”, according to thinktank New Economics Foundation.In its report, People&#39s Pensions: New Thinking for the 21st Century, it proposes scrapping private pensions in favour of a series of people&#39s pension funds which invest in new […]

Pinder Fry & Benjamin – Gold 5 Property Income Portfolio

Friday, March 7, 2003 Type: Exempt unit trust Aim: Income and growth by investing in commercial property Minimum investment: Lump sum £25,000 Charges: Initial up to 4% Commission: Initial 5% Tel: 020 7612 7650

82% back Sofa-LIA merger

An overwhelming majority of IFAs would like to see the LIA and the Society of Financial Advisers merge.The Money Marketing/ One Account State of the IFA Nation poll found that 82 per cent backed a merger and only 16 per cent wanted the two organisations to remain separate and 2 per cent did not know.The […]

Tax break loss will deter Isa investors

Almost half of investors who are aware of the imminent scrapping of the tax break on equity Isa dividends say they are less likely to invest in them as a result. Research by Isis has found that 45 per cent of investors who know the 10 per cent break will be abolished in April 2004 […]

Healthcare regulation amalgamation predicted for Gulf states

While Dubai is leading the way in terms of legislating for expat healthcare in the Gulf, Qatar, Abu Dhabi and others are watching and learning – that’s according to Jelf International’s director of international services, Doug Rice. He believes the pace of change in the Gulf states will continue and that some level of unified healthcare system will be introduced across the region.


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