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Private Label discounts for three years

Private Label is launching a three year discount rate mortgage with a 2 per cent cashback.

The discount is 2 per cent a year for three years, bringing the current payable rate down to 4.85 per cent up to 95 per cent loan to value.

The cashback of 2 per cent is subject to a maximum of £10,000.

There is an arrangement fee of £295 and early redemption fees of 6 per cent in years one and two, 5 per cent in years three and four and 4 per cent in year five.

The procuration fees is £165.


Economist warns small building societies about European predators

A City economist has warned the Building Societies Association conference that if the UK joins the euro, smaller mutuals could be swallowed up by European banks.Capital Economics managing director Roger Bootle said the threat &#34is likey to come from in the form of keen interest from continental institutions in forming associations with them or wanting […]

Chambers Townsend launches stakeholder software

Software consultants Chambers Townsend has launched a new software system in anticipation of stakeholder.It says the system will give an appropriate platform from which industry players, third party suppliers and employers will be able to develop and deliver workable stakeholder solutions in advance of 2001.The system will be branded under the name e-stakeholder.


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