View more on these topics

Scottish Building Society launch discounted rate mortgage


Scottish Building Society has launched a free mortgage indemnity guarantee discounted rate mortgage.


The mortgage offers a discount of 1 per cent on its current base rate of 6.75 per cent, for four years.


Loans are available up to 90 per cent of valuation subject to a maximum of £150,000.


Redemption penalties are 4 per cent of the loan in the first five years in addition to the society&#39s standard redemption fee of two months&#39 interest in first three years followed by one months&#39 interest in years four and five.


Loans include free unemployment cover. While procuration fees are negotiable with the lender.

Recommended

Investment trust shareholders offered rollover option

Shareholders in the Olim Convertible Investment Trust are to be offered the opportunity to rollover their investment into the Aberdeen Preferred Income Trust when it is wound up on May 28.The Aberdeen Preferred Income Trust and its subsidiary Aberdeen Preferred Securities is set to raise a further £20m with a new issue of ordinary shares […]

Autif appoints new chairman

The Association of Unit Trusts and Investment Funds has appointed Alan Ainsworth as its new chairman.Ainsworth who is currently deputy chairman of Threadneedle Investment Services, takes up the position with immediate effect. He replaces Gartmore Fund Managers&#39 managing director Lewis McNaught.Autif has also announced the election of four new executive committee members, Hill Samuel, M&G, […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment