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Principality Building Society

Principality Building Society has brought in the three-year capped rate mortgage.

Aimed at first time buyers and existing borrowers who are looking to remortgage, the mortgage has a capped rate of 5.95 per cent for three years for loans of up to 75 per cent of valuation. Following the capped rate period the mortgage will revert to the company&#39s standard variable rate, which is currently 7.49 per cent.

With income multiples of 3.5 times principal income plus second, this places the mortgage rather higher than the industry norm for this type of mortgage of three times principal income plus second.

According to Moneyfacts the cheapest mortgage on the market on November 8, 2000 is the capped rate mortgage from Yorkshire Building Society with a rate of 5.79 per cent for loans up to 75 per cent of valuation and with the same redemption fees.


FundXchange goes online with offshore plan service

Technology specialist Fund-Xchange is setting up an online transaction facility which it claims will revolutionise the offshore mutual funds industry.The company will be the first independent electronic exchange and execution facility to be launched for offshore funds and aims to replace the current systems.FundXchange says the online platform will process transactions and deliver information to […]

Standard consultants push final opportunity

IFAs are attacking Standard Life broker consultants for going all out to push its high up-front commission-paying pension plans before switching to stakeholder-style products.A sales aid, leaked to Money Marketing, has been sent to IFAs under the headline: “Do not miss this opportunity!!!”It highlights how IFAs can still earn full initial Lautro and renewal commission […]

Fuel for thought on IHT

The Chancellor&#39s autumn statement this week is lik ely to be of particular interest because of his awaited thoughts on fuel duties. But perhaps of more professional relevance to many IFAs is the question of whether the statement is likely to contain any dramatic news about inheritance tax.If no such dramatic ann ouncements are made, […]

Investment view

By the time you read this, the outcome of the US presidential election should be known. This has been one of the closest run contests ever, so I will not embarrass myself by try ing to second-guess what will be in the public domain just a few days hence. Perhaps it is not surprising the […]

Lifetime ISAs – International Evidence

By Fiona Tait, Pensions Specialist Since the announcement in March, the Lifetime ISA (LISA) has attracted controversy. Heralded as a saviour for the self-employed and the young wanting to get on the housing ladder, the new LISA risks adding confusion for savers trying to fully understand the benefits of new workplace pension savings through auto-enrolment. To […]


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