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Sun Bank launches discount flexible mortgage rates

Sun Bank is launching a new discounted rate on its flexible mortgages. Borrowers pay 5.49 per cent, a discount of 1.25 per cent until October 2001 from the variable rate, currently 6.74 per cent.

Special status flexible mortgages, for the self-employed, are discounted for the same period by 0.5 per cent to 7.44 per cent from 7.94 per cent. Neither product carries a penalty for early redemption.

Sun Bank managing director Chris Cummings says: “Our approach is in response to the evolving lifestyles and careers of many people today. We are seeing more people for example working as consultants, or on short-term contracts.”


MPs&#39 swords miss their targets

The much anticipated Parliamentary inquiry into the Equitable Life debacle was finally held last week and the media turned out in force to rub their hands in glee at the downfall of one of the UK&#39s oldest life offices. The event was so popular that the hearing had to be moved from the small chamber […]

10.25% income on NDF bond

NDF Administration is offering an income and growth stockmarket-linked investment bond. The extra income & growth plan 6 will provide a fixed income of 10.25 per cent net a year over three years or 31 per cent net capital growth over the term. Capital will be returned in full at the end of the three […]

New deal will increase help for bereaved

Swiss Life is linking up with the charity Winston&#39s Wish,a group that provides support to bereaved families. The life office says this move is part of a strategy to deliver “more than a cheque” to its clients by offering access to professional and expert advice services. The deal sees Swiss Life funding a new national […]

This little BSc went to the stockmarket

What is the cost of having children? Feeding and clothing them, holidays and presents – it all mounts up. Young adults put further pressure on the family&#39s pocket with demands for cars, a place of their own or further education. Yet the help which previous generations might have received by way of grants for university […]

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Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.


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