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Three year discount at 4.15 per cent from Derbyshire

Derbyshire Building Society is launching a fee-free remortgage product offering a three-year discount of 1.54 per cent off its standard variable rate, currently 5.69 per cent, giving a payment rate of 4.15 per cent.

Borrowers can repay up to 20 per cent of their capital each year on the product that is available for loans up to 80 per cent loan to value. Maximum loan is £300,000, and minimum is £26,000 and the loan carries no early redemption charges.

Derbyshire head of marketing Nick Williams says: “There is currently a lot of activity in the UK remortgage market and we are confident that this new product will prove very attractive to borrowers looking to switch from their current lenders.”


FSA will soon be losing its powers to Europe

Although much discussion continues about the activities of the FSA, itappears that some people are still slow to understand how financialservices will be regulated in the near future.When the UK signed the Maastricht agreement which codified many details ofthe single European market, it also passed many powers of government to theEU authorities.Importantly, it allowed for […]

Revenue in move to plug tax loophole

The ABI is to meet the Inland Revenue after it announced the closure of atax loophole which enabled some life companies to trigger losses for taxpurposes.Experts say that traditional with-profits life offices and those which haverecently demutualised will be hit hardest by the proposals.The Revenue says its proposed package will deal with anomalies which areallowing […]

SG Asset Management – UK Select Opportunities

Thursday, 2 January 2003 Type: Unit trust Aim: Growth by investing in UK equities Minimum investment: Lump sum £1,000, monthly £50 Investment split: 100% in UK equities Isa link: Yes Pep transfers: Yes Charges: Annual 5.25%, initial 1.5% Commission: Initial 3%, renewal 0.5% for Isa investments and Pep transfers only Tel: 0808 1004432

FSA favours filters for stake suite

The FSA favours a regulated sales process led by filter questions for thenew Sandler suite of stakeholder products.In its discussion paper Options for Regulating the Sale of SimplifiedInvestment Products, published last week, the regulator outlined threepossible options for the new regime but indicated that it favoured thesecond option, led by filtered questions.The first option would […]

Don’t play chicken with the Bank of Japan

By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]


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