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Norwich & Peterborough BS increases LTVs

Norwich & Peterborough Building Society has increased the loan-to-value on a number of its discount rate mortgages to 85 per cent.

The society has increased the LTV from 75 per cent to 85 per cent on its two-year discounted variable rate mortgage at 2.59 per cent and from 80 per cent to 85 per cent LTV on a selection of other discounted variable rates.

The changes will take effect from tomorrow.

N&P product manager for mortgages Richard Barker says: “These new higher LTVs across a broad selection of our variable rate mortgages mean that a greater number of people will be able to access these good deals, whether they are buying their first home, or looking to re-mortgage after coming off their previous deal with their mortgage provider.”



Advisers slam huge FSCS levy variations

Advisers have slammed the Financial Services Compensation Scheme’s “complex and opaque” funding system after being hit with massive variations in their annual bills. The interim levy on advisers has risen from £80m last year to £93m, although some advisers have reported huge increases and others have seen falls. The FSCS has changed the way it […]


MM Leader: Urgent action is needed for a fair FSCS

The huge Financial Services Compensation Scheme interim levy bills which landed last week again exposes a regulatory system in desperate need of reform. The latest £93m interim levy, mainly due to claims relating to Lifemark, means intermediaries will pay £1 07m this financial year in FSCS costs on top of the £11 Om that was […]


Nutt’s £2.5 billion income fund placed on ‘black list’

Anthony Nutt’s £2.5bn Jupiter income fund has been placed in the black list of constant underperformers in Principal Investment Management’s latest income study. In July 2010, Principal placed Nutt’s fund in its grey list of funds who show out-of-favour styles or show early stages of decline.

However it says as the fund continues to struggle against […]


IMA may launch judicial review of FSCS levy

The Investment Management Association is considering bringing a judicial review of the Financial Services Compensation Scheme interim levy on behalf of its members. An IMA spokeswoman says a review is one of the options on table in response to the £326m interim levy announced by the FSCS last month. Investment fund managers face an interim […]

Jelf flexible benefits

In Focus: How to choose a flexible benefits provider — seven top tips

Jelf Employee Benefits looks at some of the key considerations employers should think about when reviewing and choosing a flexible benefits provider. Choosing the right benefits for your employees is one thing but delivering a successful employee benefits strategy is about understanding the complete picture and delivering it in a personalised way so that it resonates with each and every individual in your business. 


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