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Skipton relaunches Stateside mortgage

Skipton Building Society has relaunched its stateside tracker mortgage, which tracks the 3-month US dollar LIBOR rate plus 1.85 per cent for five years. This gives a current rate of 2.99 per cent. The mortgage is available at up to 95 per cent loan to value. It has an early redemption fee of 5 per cent until November 30th 2008.

Head of media relations Jennifer Holloway says: “If history repeats itself, the US$ LIBOR rate will remain lower than the UK&#39s base rate, which in turn will mean that Stateside borrowers continue to benefit from a low rate. This product has proved very popular with the more financially aware borrowers in the past, who understand the product&#39s features, and we predict that it will do so again.”


NS&I sees sales surge

National Savings and Investments increased sales of its products by 9 per cent to £11.2bn in the year to March 2003, up from £10.3bn the previous year. The Government-backed savings and investments provider saw sales of Premium Bonds rise to £4.75bn over 2002/2003 and have seen monthly sales soar since then with £1.1bn sold in […]

On the tiles

The Diary would have thought that stints at Bristol & West, IFonline and Future Mortgages would have taught Richard Hurst exactly what&#39s what when it comes to property development.However, the former communications manager is no Laurence Llewelyn-Bowen. The Diary hears he managed to pull his ceiling down when trying to remove “some ugly ceiling tiles”. […]

Scottish Equitable International (Dublin) – Private Client Portfolio Capital Redemption Bond

Type: Unit-linked bond Aim: Growth by investing in Scottish Equitable International funds and external Oeics or unit trusts from any mainstream fund manager Minimum investment: £75,000 Fund links: Choice of 26 Scottish Equitable International funds and external Oeics or unit trusts from any mainstream fund manager Options: Initial costing, five-year costing, ongoing costingAllocation rates: Initial […]

Actuaries castigate Government for turning firms away from pensions

The Association of Consulting Actuaries says Government is failing to put enough priority on encouraging employees and employers to make more substantial pension contributions.Chairman Gordon Pollock says the Government&#39s most recent reform proposals, published in June, fail to encourage employers to continue with defined-benefit provision. In particular, he says there is almost nothing in the […]


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