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Principality go for new discount

Principality Building Society has introduced the 1.4 per cent discount mortgage, aimed at first time buyers and people looking to remortgage. The mortgage has a discount of 1.4 per cent from the society’s standard variable rate, giving it a payable rate of 6.09 per cent for loans up to 75 per cent of valuation.

With income multiples of 3.5 times principal income plus second, this places it slightly higher than the industry norm of three times principal income plus second. It also has no extended redemption penalties.

Looking at how competitive the product is when compared to other discount mortgages, the Principality product does not offer the best discount rate. According to Moneyfacts the 5.89 per cent discount mortgage from Nottingham Building Society is the most competitive, with a discount of 1.6 per cent giving a payable rate of 5.89 per cent for loans up to 75 per cent of valuation.


Skipton bonds with the FTSE 100

Skipton Building Society’s latest addition to the guaranteed equity bond market is its three-year growth bond. The bond is linked to the FTSE 100 index and is aimed at the careful investor who is looking for growth but who wants to minimize any potential downside by taking as few risks as possible. The investor guaranteed […]

Scarborough flexes its tracker

Scarborough Building Society has brought in the flexible base rate tracker mortgage. Flexible base rate tracker will mirror the movements of the Bank of England base rate for the first year of the mortgage, giving it a payable rate of 6 per cent. After this it will have a rate of 0.75 per cent above […]

Seeking quality in uncertain markets

By Ewan McAlpine, Senior Client Portfolio Manager In uncertain times, investors naturally seek safety. But in fixed income markets, what does that really mean? Ewan McAlpine outlines the approach RLAM’s Fixed Income Team will be adopting across its credit funds in response to potentially volatile markets this year. Click here for full article

Value for money in DC pensions

The Pension Policy Institute (PPI)’s recent report “Value for money in DC pensions” tries to identify factors by which people can assess whether their pension offers fair value for money (VFM). Fiona Tait provides an overview of the findings. Positive Outcomes It is extremely hard to assess VFM in a pension. Press activity naturally focuses […]


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