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Norwich and Peterborough – Remortgage Scheme

Thursday, 3 January 2002.

Type: Flexible tracker mortgage.

Tracker term: Term of loan.

Tracker rate: Bank of England base rate plus 0.5 per cent.

Minimum loan: £1,000.

Maximum loan: Up to 95 per cent of valuation subject to a maximum of £2m.

Income multiples: 3.25 times principal income plus second or 2.6 times joint.

Features: Overpayments, underpayments, payment holidays, interest calculated daily.

Arrangement fee: None.

Redemption fee: None.

Conditions: Free standard valuation.

Introducer&#39s fee: 0.25 per cent, minimum £125 maximum £1,000.

Tel: 0845 3002522.


The Exchange launches income drawdown assessment tool

The Exchange is launching a pension or income drawdown analysis facility as part of its pensions tools for IFAs.The analysis tool designed in conjunction with actuarial software specialists Pensions & Actuarial Services aims to help IFAs make a quick assessment over whether income drawdown is appropriate for their client.It can be used regardless of whether […]

Seven IM wraps up for winter

Seven Investment Management, a subsidiary of stockbroker Killik & Co, has crossed the Atlantic to draw inspiration for its 7 IM wrap account. Wrap accounts bridge the gap between funds of funds and discretionary investment management services offered by private banks and are popular in the US. The 7 IM wrap account offers investors three […]

Henderson Global Investors – Horizon Global Equity Fund

Thursday, January 3, 2002.Type: Sicav.Aim: Growth by investing in global stocks.Minimum investment: Lump sum $2,500.Place of registration: Luxemburg.Investment split: 100 per cent in global stocks.Isa link: No.Charges: Initial A shares 5 per cent, annual 1.2 per cent.Commission: Initial 3 per cent.Tel: 0800 881144.

N&P to challenge ombudsman in court

N&P to challenge ombudsman in courtNorwich & Peterborough Building Society is seeking a high court review of the Building Societies Ombudsman&#39s decision that it had discriminated against a Tessa investor by paying higher interest rate on its mini cash Isas.The ombudsman decision found in favour of the saver who had complained that the society paid […]

India budget: BJP focuses on growth

By Kunal Desai, Head of Indian Equities

With markets kept open on Saturday, finance minister Arun Jaitley delivered a promising budget focused on growth and decentralisation. While many complained about a six-day working week, there was much to be pleased about and the markets rallied in the afternoon to finish in the green.


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