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The Money Store launch fixed and capped rates

The Money Store has launched one year fixed and capped rate mortgages fixed at 7.25 per cent until May 1, 2000 for 70 per cent ltv.

At the expiry of the fixed/capped period, the rate reverts to the three month libor plus an additional 3.75 or 4.25 per cent for full status cases or three month libor plus 4.25 per cent for self certification cases.

There is a £295 arrangement fee added to the loan on completion.

The redemption fees are five months&#39 interest in the first year, four months&#39 interest in the second year, three months&#39 interest in the third and one month&#39s interest thereafter.


Bacon & Woodrow calls for GPPs to qualify as stakeholder schemes

Bacon & Woodrow has called on the Government to allow Group Personal Pensions to qualify as stakeholder pensions in its response to the Green Paper.Plans should be allowed to qualify whether or not they have the appropriate trustee structure.The consultant also wants the Government to allow charges of more than one per cent for marketing […]

Northern Rock unveils Isas

Northern Rock has launched two variable rate Isas.Both its mini cash Isa and Tessa only Isa will pay an interest rate of 5.75 per cent.The rates are guaranteed to be at least the equivalent of the Bank of England base rate until January 1, 2000. They will then adhere to the Cat standard limit of […]


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