Kensington Mortgages is offering a three-year fixed-rate mortgage for adverse-credit clients. It says it is the first specialist lender to offer such a deal. Rates on the mortgage start at 5.75 per cent and are fixed until November 30, 2006. There are no early repayment charges after the first three years. Kensington has extended the end dates for its one-year fixed and discounted interest rates which start from 3.9 per cent until November 30, 2004.
Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £10,000-£500,000 Term: Five years Guarantee: Original capital returned in full regardless of performance in index Return: 100% growth at end of term Closing date: September 23, 2003 Commission: None Tel: 0044148 1710 150
The Association of Mortgage Intermediaries has announced it now has 2000 members.
Mark Stephens has been appointed as head of commercial mortgages at Abbey National, replacing Jeff Watson. Stephens has been at Abbey since 2002 and has previously headed up the business development side of the commercial mortgage business. Director of Abbey National business Gary Hockey-Morley says: “Jeff has helped to establish the commercial mortgage arm as […]
Franklin Templeton Investments has unveiled four Oeic funds as part of its plans to attract more business from UK investors. Until recently, the main focus of the company's fund range was Luxemburg but it acquired a Dublin base in 2000 when it acquired Fiduciary. However, the company decided the best way to attract UK business […]
In conversation with journalist Alexis Xydias, Artemis Global Growth Fund manager Peter Saacke discusses the state of global markets and how he is positioning his fund. Peter gives his views on the growth potential of US, Europe and emerging markets, each of which is on a different stage of the road to recovery. And with a […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]