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Standard Life Bank introduces a second tranche of funds for futureperfect mortgage

Standard Life Bank has introduced a second tranche of funds for its unique futureperfect mortgage.

Futureperfect is the only 25-year capped rate mortgage in Britain, as these products are more common in the USA. A repayment only mortgage, interest is calculated daily and the mortgage can be taken from property to property.

However, futureperfect must be paid off by the borrower&#39s 67th birthday, so the oldest a borrower can be on taking it out is 42 years old. Also, the product is only available for a 25 year term, and not for shorter time periods.

Capping the mortgage to a maximum of 6.49 per cent makes this an extremely attractive product, coupled with the fact that interest is calculated daily, borrowers may be able to pay off their loans sooner than anticipated.


Sun Bank makes bold claims for Stretch, its new flexible mortgage

Sun Bank is making bold claims for Stretch, its new flexible mortgage.The company is offering several additional facilities with it, including a guaranteed seven day turnaround to offer, the ability to access all of the flexible features from the moment that the mortgage starts and a special status version for self-employed customers.Self employed people can […]

Skipton Building Society launches two-year growth mini cash Isa

Skipton Building Society has joined the very small number of companies providing capital protected Isas, with the two-year growth mini cash Isa.The Isa, has an unlimited term, tracks the FTSE 100 index for the first two years. It is aiming to grow by one per cent for every one per cent increase in the index, […]

Berkeley Alexander Safety First – 27th July 2000

Type: Accident, sickness and unemployment cover.Maximum benefit: Up to 65 per cent of income subject to a maximum of £1,500 a month.Benefit payment term: 12 months.Deferred period: Choice of 30 or 60 days.Premium: Unemployment-only or disability-only cover: 30 day deferred – £2.95 per £100 monthly benefit, 60 day deferred – £2.70 per £100 monthly benefit. […]

Standard in mailing blunder

Standard Life is issuing IFAs with an unqualified apology after an admin bungle potentially offered thousands of IFA clients advice on stakeholder pensions.Money Marketing was inundated with phone calls and letters from enraged IFAs who believed Standard was trying to cross-sell to cli ents they had introduced to the life office.The glitch came to light […]

International jurisdictions

By Neil Jones, Canada Life Investing through international providers has grown in popularity over recent years as investors seek out the benefits of gross roll-up and the wider range of investment options that can be available. When considering a recommendation for a lump sum investment, not only does the adviser have to select a suitable tax wrapper […]


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