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Portman lifts anti-carpetbagging measure

Portman Building Society is lifting a post code restriction it put on the opening of new accounts earlier this year because the threat from carpetbaggers has eased.

The lender put the restriction in place the day after the Nationwide ballot because of the closeness of the vote.

It now says that there is little evidence of increased carpet bagging activity.

It is also launching a new one-year fixed interest bond which will be open to savers across the country. The bond pays 7.25 per cent gross per annum from only £500, although postal applications require a minimum of £1000.


F&C Pacific Investment Trust maintains dividend

Foreign and Colonial Pacific Investment Trust plc has recorded a 14 per cent fall in the share price and fall in the net asset value per share of 6.1 per cent this year.But the board has declared an unchanged dividend of 0.8p in its interim statement of results for the half year ending 31 July.The […]

Kensington offers nine months free mortgage cover

The Kensington Mortgage Company is offering free accident, sickness and unemployment cover (ASU) to new borrowers for the first nine months of their mortgage.The lender says it is making the move in response to the Government&#39s squeeze on welfare and because of the threat of recession to try to encourage its borrowers to take out […]

Bonds going bust? Not so fast….

In recent months bond bears have been reinvigorated, and market commentary suggesting “the end of the bond (bull) market is near” has become commonplace. We think these comments are premature. Explaining the global government bond sell-off October has seen renewed pressure on global government bonds, initially provoked by a Bloomberg article suggesting that the ECB […]


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