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New capped rate mortgages from Coventry

Coventry Building Society has launched two capped rate mortgages intended to provide borrowers with protection against future rate increases.

One is capped at 5.75 per cent until January 31 2005 and has a current rate of 4.49 per cent. The second is capped at 5.99 per cent until September 30 2007 with a current rate of 4.99 per cent.

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Bristol & West – Guaranteed Equity Bond

Wednesday, 5 June 2002 Type: Guaranteed equity bond Aim: Growth linked to FTSE 100, Eurostoxx 50, Nikkei 225 indices Minimum-maximum investment: £2,500-£1m Term: Five years Guarantee: Original capital returned in full at end of term Return: Up to 70% of growth in indices Closing date: July 31, 2002 Commission: Initial 3.5% Tel: 0845 1110118

Abbey strengthens bond team

Abbey National Asset Management is expanding its bond desk following the integration of assets from Scottish Provident. Sinead Cusack is joining the team from Unicredito Italiano Bank along with Alison Murdoch, who was investment manager on Abbey&#39s UK equities team.

Homeowners strike gold in Jubilee year

House prices in the UK are 54 times higher than when the Queen came to the throne in 1952, according to Nationwide Building Society.Its analysis of the housing market reveals that the average property price rose by 2.1 per cent to £102,086 in May from £100,726 the previous month.Annual house price inflation increased to 17.9 […]

IFAP highlights £4bn tax waste

IFA Promotion is urging taxpayers to stop handing over £4bn a year to the Government through financial inertia and lack of awareness.It has issued the warning to mark June 5, the theoretical date after which annual earnings go into our own pockets instead of to the Government in tax.It claims that many people continue to […]

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