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Scarborough Building Society – Flexible Lifetime 1.35 Per Cent Fixed

Friday, 31 August 2001.

Type: Discounted rate flexible mortgage.

Discounted term: Term of loan.

Discount: 1.35 per cent.

Payable rate: 5.39 per cent.

Minimum loan: £25,000.

Maximum loan: Up to 95 per cent of valuation subject to a maximum £250,000.

Income multiples: Three times principal income plus second or 2.5 times joint.

Features: Overpayments, underpayments, payment holidays, interest calaculated monthly.

Arrangement fee: None.

Redpemtion fee: None.

Conditions: None.

Introducers&#39 fee: £150 – £25,000-£74,999, £175 – £75,000-£149,999, £200 – £150,000 plus.

Tel: 08705 133149.


NDF Administration – Income Plan

Type: Guaranteed Income Bond. Minimum-maximum investment: Lump sum £10,000-£1m. Term: Six years and two months. Return: 6 per cent income in first year, thereafter income is linked to the dividends paid by the FTSE 100. Guarantee: 100 per cent capital return. Commission: Initial 3 per cent. Tel: 01727 734315. Flexibility 4.3 Company&#39s reputation 6.3 Past […]

Government announces Equitable inquiry

The Treasury has announced an independent inquiry into Equitable Life to be conducted by Lord Penrose.The terms of reference of the newly announced inquiry are the circumstances leading to the current situation of the Equitable, and to identify any lessons that can be learned about the conduct, administration and background of life assurance business.A report […]

GMAC appoints asset sales head

Sub-prime lender GMAC, part of the financial services arm of General Motors, is appointing Steve Khan as head of asset sales.Khan joins GMAC from Platform Homeloans where he was head of marketing. He was with Private Label from 1992 to 1999 after three years with UCB Home Loans.GMAC chief executive Colin Duggleby says: “This is […]


One of the more enlightened moves ever made by the financial servicesindustry was to set up the Unclaimed Assets Register some 18 months ago. All credit to Aon for taking this imaginative and common-sense initiative. The service the UAR offers is invaluable in tracing unclaimed assetsbelonging to those who have moved house, forgotten their investments […]

Trusts: Easier than you think?

Protection providers often extol the benefits of placing plans in trust. The advantages for clients are widely recognised and numerous – inheritance tax mitigation, avoiding probate delay, controlling claim proceeds, and so the long, familiar list continues. Yet, dismissed as unnecessary form-filling, or simply viewed as irrelevant in the context of a mortgage sale, less […]


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