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Principality Building Society 3 year fixed

Fixed term: until 31/03/05

Fixed rate: 5.39%

Minimum loan: £5,000

Maximum loan: Up to 95% of valuation for loans of up to £175,000, up

to 90% of valuation for loans of up to £200,000

Income multiples: 3.5 times principal income plus 2.5 times joint

Redemption fee: 2% of balance until 31/03/05

Arrangement fee: none

Conditions: up to 95% LTV, daily interest, free valuation

Introducer fee: standard 0.34%, subject to negotiation

Tel: 0800 328 1717


FSA blocks M&E cash injection

IFAs could be left in funding limbo after the FSA blocked aconsortium of providers from buying stakes in Tenet-owned M&Enetwork by invoking its better than best rules.The consortium, which inc-luded Norwich Union, Scottish Widows andFriends Provident, applied for a waiver for exemption from the betterthan best rules but were turned down days before the FSA […]

Date set for Autif and FMA link-up

Autif and the Fund Manager&#39s Association will officially come together under the name of the Investment Managers Association on February 1. Autif director general Richard Saunders will be the chief executive of the new trade body, with Autif chairman Alan Burton becoming Ima&#39s first chairman, and FMA chairman Lindsay Tomlinson becoming Ima&#39s deputy chairman.

National Savings increases rates

National Savings is increasing the rates on its tax-free fixed rate products following a rise in gilt yields. On a five year fixed rate savings bond, the annual rate is now at 4.7 per cent on investments of more than £50,000, up from 4.45 per cent. For a £20,000 five year bond the rate is […]

Jupiter – Jupiter Distribution Fund

Monday, February 4, 2002.Type: Unit trust. Aim: Income and growth by investing in corporate bonds,fixed-interest securities and UK stocks and shares.Minimum investment: Lump sum £500, monthly £100. Isa lump sum£1,000, monthly £50.Investment split: Corporate bonds and fixed-interest securities 65 percent, UK stocks and shares 35 per cent.Yield: 5 per cent.Isa link: Yes.Pep transfers: Yes.Charges: Initial […]


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