View more on these topics

Re-launch of Skipton’s three-year capped rate mortgage

Skipton Building Society is relaunching its three-year capped rate mortgage by reducing the cap and the initial rate.

The product is available at a 0.85 per cent discount for the first two years and a guarantee that the rate will not exceed 5.75 per cent before February 28 2008.

The mortgage reverts to the society’s residential SVR in year three. It is available up to 95 per cent LTV.

Skipton head of media relations Jennifer Holloway says: “If market predicitions are correct and the UK is nearing a peak of interest rates, borrowers with tracker mortgages could see their repayments decrease in 2005. The benefit of Skipton’s three-year capped rate mortgage is that if predictions are wrong and rates move upwards, borrowers have the safeguard knowing their rate won’t exceed 5.75 per cent.”

Recommended

Standard arguments

Just when it looked like changes in ownership at the Abbey had provided an opportunity for common sense to prevail in the electronic submission of mortgage applications, an alternative has appeared with the potential to complicate things further.

Millfield bases multi-tie on Inter-Alliance

Inter-Alliance advisers will move into Millfield’s multitie once depolarisation begins, according to Millfield’s stockbroker Collins Stewart. A research note from Coll-ins Stewart written by analyst Tim Young reveals that Inter-Alliance advisers will form the basis of Millfield’s multi-tie. Young says that as many Inter-Alliance advisers came from direct salesforces, it is closer to a multi-tie […]

EIS offers special brew

Brewin Dolphin Securities is sponsoring the Thistle pub company, an enterprise investment scheme aiming for capital growth through the acquisition and management of freehold pubs in Scotland.

Talkback

Do you think joining a network puts an IFA’s own business at risk?

What are the key changes to transform pensions?

By Fiona Tait, pensions specialist In her final article for Royal London, Fiona Tait reviews key changes she believes have transformed, or will transform, pensions. In my 12 years with Royal London I have been paid to review, study and explain the numerous changes to pension legislation which have transformed our industry in that time. This is […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment