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N&P offers borrowers discount or cashback

Norwich & Peterborough


Type: Mortgage offering the choice of a one year discounted rate or a cashback of 3.25 per cent.

Discounted term: 12 months from completion.

Discounted rate: 3.25 per cent.

Payable rate: 5.35 per cent.

Minimum loan: £1,000.

Maximum loan: Up to 95 per cent of purchase price or valuation, whichever is the lower, subject to a maximum of £150,000, up to 90 per cent of valuation to a maximum of £200,000, up to 85 per cent of valuation to a maximum of £250,000, loans higher than £250,000 subject to negotiation.

Income multiples: Three times principal income plus second or 2.5 times joint.

Arrangement fee: £295.

Redemption fee: No fee charged if another scheme taken with N&P, otherwise five months&#39 interest in the first five years.

Conditions: None.

Introducer&#39s fee: £125.

Tel: 01733 372222.


NPI launches sixth series with-profits bond

WITH PROFITS BONDNPISERIES VI WITH PROFIT BONDType: Single-premium unitised with-profits bond.Minimum investment: Initial – £10,000, additions – £1,000.Bonus rate: Initial bonus rate of 8.5 per cent a year until December 31, 1999.Allocation rates: £10,000 to £24,999 – 100 per cent, £25,000 to £49,999 – 100.25 per cent, £50,000 to £99,999 – 100.5 per cent, £100,000 […]

Lambeth launches three new fixed rates

Lambeth Building SocietyFIXED RATE MORTGAGESFixed terms: Two year – until November 1, 2000, four and five year – until December 1, 2002 and 2003 respectively.Fixed rates: Loans up to 75 per cent of valuation – 4.79 per cent, 6.44 per cent and 6.69 per cent respectively. Loans up to 95 per cent of valuation 5.29 […]

Scottish Widows increase allocation rates

SPECIAL OFFERScottish WidowsRETIREMENT OPTIONSType: Increased allocation for transfers into Scottish Widows Income Drawdown or Phased Retirement plans.Offer: External transfers – 1 per cent added to allocation, internal transfers from other Scottish Widows pension contracts – 1.5 per cent added to allocation.Offer period: Until December 1, 1998.Tel: 0131 655 6000.

Grip offers Equality

ASU MORTGAGE PROTECTION PLANSGripEQUALITYType: Income protection contract providing protection in the event of unemployment or disability irrespective of age, gender, sexuality or occupation.Maximum benefit: Up to £2,500 a month.Benefit payment term: 12 months.Deferred period: 30, 60 or 90 days.Premium: £2.75 per £100 of monthly benefit.Commission: 20 per cent of monthly premium.Tel: 0171 264 2012.


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