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N&P building society launches new capped loans

Norwich and Peterborough Building Society has launched two new three year capped rate mortgages at 5.14 per cent and 5.29 per cent.

Both are capped until January 5th 2007 and have a maximum loan to value of 95 per cent. They have early redemption charges of 3 per cent until January 5th 2007. Minimum loan is £1,000 and maximum is £2m.

Group product manager Gary Lacey says: “The advantage of this type of mortgage is that the customer has all the benefits of a fixed rate loan with the added bonus that, if the Society&#39s standard variable base rate falls below the capped level, the rate the customer pays will be reduced too.”


Assureweb call for tech shake-up

Assureweb has attacked rival technology providers for making their systems and websites too difficult for advisers to use. Chief executive officer Charles Bryant wants provid-ers to review their offerings and recognise that “the levels of IT literacy vary massively among users”. Adviser Forum research estimates that IFAs could save £71m ayear by getting existing policy […]

Loose change

When asked if a person can change, any self-respecting psychiatrist will tell you that for any progress to be made, the person will want to change. This year will be remembered as a year when change was very much on the agenda but not everyone was prepared to change at the required pace. Depolarisation was […]

The Share Centre – Personal Retirement Account

Type: Full Sipp Minimum investment: Lump sum £780, £117 a month Investment choice: All Inland Revenue permitted investments except commercial property Options: None Charges: Set up fee £120, annual £80-£160 depending on fund value Commission: Subject to negotiation Tel: 01296 414541


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