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Scarborough Building Society – Two Step Five Year Discount

Friday, 18 May 2001.

Discounted term: Five years.

Discount: 2.25 per cent in year one, 0.74 per cent in years two to five.

Payable rate: 4.74 per cent in year one, 6.25 per cent in years two to five.

Minimum loan: £25,000.

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

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

Arrangement fee: None.

Redemption fee: 5.21 per cent of amount repaid in first five years.

Conditions: Valuation fee refunded on completion.

Introducer&#39s fee: Loans £25,000-£74,999 – £150, £75,000-£149,999 – £175, £150,000 and above – £200.

Tel: 08705 133149.


Pink Home Loans – Exclusive 3 Year Fixed Rate

Wednesday, 16 May 2001.Type: Fixed rate flexible mortgage.Fixed term: Three years.Fixed rate: 5.25 per cent.Minimum loan: £25,001.Maximum loan: Up to 70 per cent of valuation subject to a maximum of £500,000, 71-75 per cent of valuation subject to a maximum of £400,000.Income multiples: 3.5 times principal income plus second or 2.7 times joint.Features: Interest calculated […]

Network backs infomercial on Simply Shopping

IFA network DBS is backing a personal finance television programme on theSimply Shopping channel which broadcasts on Sky Digital TV. The programme, called Simply Money from DBS, will be broadcast daily foran hour from the end of May initially for a three-month trial period. Theaim is to promote understanding of financial products to up to […]

AMP backs study of savings culture

AMP is sponsoring a new research centre established by the Institution forPublic Policy Research to study UK savings culture and financial exclusion. The research centre will co-ordinate studies into financial welfare issuesin the UK relating to the way people save. It will also conduct in-depth research into financial exclusion and assetwelfare, including the Government&#39s recently […]

Aifa and IFAP set up joint firm

Aifa and IFA Promotion are setting up a joint company to create a combinedstrategy for promoting independent advice, ending months of speculation ofthe two organisations merging. In a letter obtained by Money Marketing, IFAP tells its sponsors thatplans for a merger fell apart because Aifa wants to be independent fromproduct providers. Instead, a new jointly […]


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