View more on these topics

N&P slash fixed mortgage rates

Norwich & Peterborough is cutting the rates on its fixed rate mortgages from this week.

For two year fixed rate mortgage schemes there is a new rate of 4.19 per cent, previously 4.64 per cent, at 90 per cent LTV, and a 4.34 per cent mortgage, previously 4.79 per cent at 95 per cent LTV.

For three year fixed there is a new rate of 5.48 per cent from 5.69 per cent at 90 per cent LTV, and a 5.69 per cent mortgage down from 5.89 per cent at 95 per cent LTV.

For five year fixed there is a new rate of 6.24 per cent, previously 6.38 per cent, at 90 per cent LTV, and a 6.39 per cent mortgage, previously 6.54 per cent at 95 per cent LTV.


Timetable for change

The changes announced in Gordon Brown&#39s pre-Bud get report represent the most radical shake-up of retail financial services for more than 12 years.The first phase will bring the abolition of polarisation for sales of stakeholder, Cat marked Isas and fund supermarket products.It will allow tied age nts to sell products from more than one provider […]

Brown in move to boost minimum income guarantee

Pensioners were given an income boost, with the Chancellor unveiling plans to raise the minimum income guarantee to £100 a week by 2003.The move, proposed in the pre-Budget statement, will see the MIG rise to £92.15 a week by 2001 and to £100 by 2003, from which point it will be linked to earnings.Other proposals […]

IHT strategy to hold clients&#39 interest

Aberdeen Asset Management has introduced the global champions fund to exploit the themes of globalisation, innovation and communication.Looking at how the fund fits into the market, Storer says: “Obviously, when equity investment is making people money, there is always room for new funds. But even if equities suffer a global wobble, there should still be […]

Eureko considering bid for Eq Life

European Insurance group Eureko has confirmed it is considering a bid for mutual life assurer Equitable Life. Eureko has a complicated structure. One part of the group consists of eight insurance companies from across Europe including Friends Provident. But the Dutch and Portuguese members also jointly own a marketing group which also goes under the […]

A tough start for 2017 consensus trades

By Kacper Brzezniak Every year, starting around November, investment banks (and fund managers) begin to drip out their outlooks for currencies, rates, economies, you name it, for the following year. The consensus has been largely wrong for the past four or five years; those multiple rate hikes never came, the bond market is still alive […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment