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Paragon cuts rates by up to 1 per cent

Paragon Mortgages hopes to grab a bigger slice of the buy-to-let market by slashing mortgage rates by up to a percentage point.

The phone-based mortgage provider is offering new three, five and 10-year fixed mortgages, each at 7 per cent APR. Previously three and 10-year rates were 8 per cent APR and five-year rates were 7.9 per cent APR.

Loan-to-let mortgages are for people wanting to buy property to rent out.

IFAs can expect commission of 0.5 per cent of each agreed mortgage, between a minimum charge of £250 and a maximum of £500.


Liverpool Vic fined record £900,000

The PIA is fining Liverpool Victoria Friendly Society £900,000 for widespread compliance failings.The society has also been ordered to carry out a full review of certain classes of business and to provide compensation to its customers following visits which took place in late 1997.The PIA says it failed to take account of investors&#39 membership of […]

Lazard issues European High Yield Bond Fund

Lazard Asset Management is launching a European High Yield Bond Fund with a target gross yield of 10.7 per cent.The fund will be a sub-fund of Lazard&#39s Dublin-based Global Bond Fund, a Dublin registered UCITS recognised in the UK.It will invest mostly in European bonds with a rating lower than investment grade, but will also […]


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