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Standard Life – Futureperfect

Tuesday, 17th October 2000.

Type: Capped-rate mortgage.

Capped term: Until December 1, 2025.

Capped rate: 6.49 per cent.

Minimum loan: £25,001.

Maximum loan: Up to 90 per cent of valuation subject to a maximum of £350,000.

Income multiples: Based on ability to repay mortgage after deduction of outgoings.

Arrangement fee: £350.

Redemption fee: Year one &#45 10 months&#39 interest, year two &#45 8 months&#39 interest, year three &#45 7 months&#39 interest, year four &#45 6 months&#39 interest, year five &#45 5 months&#39 interest.

Conditions: None.

Introducer&#39s fee: 0.32 per cent of loan.

Tel: 08456 022525.


Union backing for Halifax IFAs over axe claims

Halifax IFAs have won the support of their staff union over their claims that they have been effectively made redundant after the bank&#39s decision to close its IFA arm.The advisers claim Halifax is trying to avoid forking out for costly redundancy packages by forcing them to become tied agents.Halifax says becoming part of its tied […]

Abbey National – Group Flexible Pension Plan

Friday, 13th October 2000.Type: &#34Stakeholder friendly&#34 group personal pension plan.Minimum premium: None.Minimum group size: Five.Minimum-maximum ages: 16-73.Fund links: With-profits, managed, UK equity, international, deposit.Charges: Annual 1 per cent.Allocation rates: 100 per cent.Minimum term: One year.Options: Free switching between funds, severe disability cover available at an additional cost.Commission: None.Tel: 0800 302030.

FSA paper claims commission bias makes Catmarked plans a necessity

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Savills Private Finance – 5.39 Per Cent Fixed

Tuesday, 17th October 2000.Fixed term: Until September 3, 2002.Fixed rate: 5.39 per cent.Minimum loan: £80,000.Maximum loan: Up to 90 per cent of valuation subject to a maximum of £500,000, up to 85 per cent of valuation subject to a maximum of £1m.Income multiples: 3.5 times principal income plus second or 2.75 per cent joint. four […]


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