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Stroud & Swindon launches combined fixed tracker mortgage

Stroud & Swindon Building Society is launching a combined fixed rate mortage which switches to a tracker product. The mortgage will be available over the internet and telephone through its SSBS Direct arm.

The product offers an initial fixed rate of 3.95 per cent to July 2002, followed by a tracker rate of 0.95 per cent above the Bank of England base rate – currently 6 per cent – until July 2006. After this date the rate is 0.5 per cent below Stroud & Swindon&#39s standard variable rate, currently 7.7 per cent.

Stroud & Swindon will also refund valuation fees on completion.


Tories blame Brown for Equitable fiasco

The Conservatives are warning the Government that the Equitable Life debacle will become an election issue unless a solution is found soon. It follows a blistering onslaught by the Tories, saying Chancellor Gordon Brown should take direct responsibility for the debacle. Shadow Chancellor Michael Portillo attacked Brown in the House of Commons last week for […]

Newton Fund Managers – High Income Isa

Thursday, 1st February 2001.Type: Oeic mini or maxi IsaAim: Income by investing in Newton high yield bond fund and Newton higher income fund.Minimum investment: Lump sum £1,000Maximum investment: £7,000.Catmarked: No.Investment choice: Newton high yield bond fund 50 per cent, Newton higher income fund 50 per cent.Charges: Initial 4 per cent.Commission: Initial 3 per cent, renewal […]

Outside View Robert Reid

Ever since the title Independent Financial Adviser came into use, we have had change after change with the management consultants predicting the end for IFAs, only to find them prospering. But now is not like the other times. After all the rhetoric, this is the real test for Aifa. If it fails to secure robust […]

Misys profits boosted by IFA division

A good performance by Misys&#39 IFA Services contributed to revenue and profit growth for the software group. The insurance division, incorporating IFA Services, reported increased revenue and operating profit in its interim results for the six months to November 30, 2000. The revenue for the entire Misys group was up by 20 per cent on […]

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Pension Wise — now taking calls…

Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.


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