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The Woolwich – Lifetime Offset Tracker

The Woolwich

Lifetime Offset Tracker

Type: Offset tracker mortgage

Tracker term: Life of loan

Tracker rate: 0.59%

Payable rate: 5.09%

Minimum loan: : 25,001

Maximum loan: Up to 95% of valuation subject to a maximum of 500,000, up to 80% of valuation subject to no maximum

Income multiples: Up to four times principal income plus second or three times joint

Flexible features: Overpayments, underpayments, payment holidays, lump sum interest calculated daily, offset feature

Conditions: Free valuation and free legal fees for remortgages under switch & save package

Arrangement fee: 445

Redemption fee: None

Introducers fee: Refer to lender

Tel: 0845 0701567


‘Viable way to plug the savings gap’

The Investment Manage-ment Association says proposals for the NPSS are a viable way to plug the savings gap but it is crucial that the system does not overcomplicate pensions.

Protect and thrive

In 1964, IBM were selling a model 1620 computer which boasted 64k of memory. “Who would ever need more memory than that?” My word, haven’t things changed.

Mortgage View: A matter of confidence

Rics reports can often be inconclusive barometers of the housing market. As we all start to strategise (or pray) about what 2006 holds, last week’s news about rising buyer enquiries was encouraging but I remain sanguine about next year’s market nonetheless and am forecasting a loan market of 250bn. Here’s why.


Guide: day-to-day tasks ​— can your system manage?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. As well as highlighting what is required from a system to ensure it is up to the tasks, an overview of the following is also provided: data validation; data categorisation; employee communication; opt-in process; opt-out process; produce contribution schedule; contribution reconciliation process; upload of member data to pension provider; upload contribution to pension provider; manage salary sacrifice process; enrolment process; re-enrolment process; and management of increased employee queries.


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