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Scottish Building Society hikes lending rate

Scottish Building Society is hiking its mortgage rate for new and existing borrowers.

The increase of 0.2 per cent comes into effect from October 4.

The society also announced it has withdrawn its two and three year fixed and capped rates.

These rates have been replaced by a two year fix at 5.75 per cent up to 90 per cent loan to value. The loan has a 5 per cent early repayment fee if redeemed in the first four years.

There is a three year fixed rate at 6.25 per cent up and three year capped rate at 6.5 per cent, both to 90 per cent LTV and with early redemption penalties of 5 per cent in the first five years.


Pension misselling will never happen again vows Brown

Chancellor Gordon Brown has vowed to never let pensions misselling happen again in his keynote speech at the Labour Party Conference. Brown lambasted the Tories for letting people be &#34ripped off&#34 in the first place and issued a stark warning to the pensions industry that the Government would clamp down hard on any future misdeeds.Brown&#39s […]

Norwich Union appoints head of international fixed income

Norwich Union Investment Management has appointed Colin Harte as head of its international fixed income team.Harte joins NU from Gartmore where he was principal and head of bond investment.He has extensive experience in this field having worked for Guardian Royal Exchange, Hill Samuel and Citibank before joining NatWest in 1994. He then moved to Gartmore […]

IFA publishes guide to top 50 investments for income and growth

IFA the David Aaron partnership is publishing a consumer guide to the best investments to achieve income and growth.It covers the top 15 tracker beating unit trusts including European, smaller companies, technology and far eastern funds.The guide also includes details of corporate bond Isas, high income stockmarket linked bonds, with-profit bonds, property bonds and distribution […]

Bristol & West – Double Guarantee Account (inserted 30/9/99)

Double Guarantee Account (Issue 11)Type: Fixed Rate BondMinimum-maximum investment: £5,000 – No maximumInterest rates: 5.90% gross (monthly income 5.75% gross pa / AER 5.90%) fixed until 6th April 2000.Term: Until 6th April 2000 fixed at 5.90%; from 7th April 2000 variable interest rate guaranteed to be above that of the average of a list of […]


DB transfer shouldn’t be all-or-nothing

By Steve Webb, director of policy In my recent discussions with advisers, a hot topic has been the growing number of people interested in transferring their defined benefit pension rights into a defined contribution pension scheme. With many pension schemes offering eye-watering transfer values, this is likely to be an area of increasing interest. Yet […]


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