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Sun Bank wants rethink on way loans are repaid

Specialist lender Sun Bank is recommending that the way mortgages are repaid should be changed to match new patterns in work styles.

The bank believes people increasingly have more flexible working patterns, with the number of part-time workers, self-employed and those in temporary employment increasing.


Northern Rock – Balance

Tuesday, 17th October 2000.Type: Instant access savings account with 50 per cent invested in Balance and 50 per cent in Legal & General&#39s with-profits income bond.Minimum-maximum investment: £10,000-£500,000 or £1m for joint accounts.Interest rates: Balance &#45 annual 8 per cent gross, monthly 7.75 per cent gross. With-profits income bond – annual 6.5 per cent net […]

Dresdner Private Banking – Strategic Investment Fund

Tuesday, 17th October 2000.Type: Fund of funds.Aim: Growth by investing in Dresdner RCM unit trusts and offshore funds.Minimum investment: £2,000.Place of registration: Guernsey.Investment split: 52.65 per cent UK, 45 per cent Luxemburg, 1.9 per cent sterling, 0.45 per cent North America.Charges: Initial 5 per cent.Options: None.Commission: Initial 3 per cent.Tel: 01481 727111.

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 […]

Leeds & Holbeck Building Society – Two-Year Fixed

Tuesday, 17th October 2000.Fixed term: Until November 1, 2002.Fixed rate: 5.9 per cent.Minimum loan: £25,000.Maximum loan; Up to 95 per cent of valuation subject to a maximum of £200,000, up to 90 per cent of valuation subject to a maximum of £300,000, up to 85 per cent of valuation subject to a maximum of £400,000, […]


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