View more on these topics

Two discount players join Chelsea loan team

Chelsea Building Society is offering two new discounted mortgages and has extended the term on two of its fixed-rate loans.

Its new range includes a three-year discounted mortgage for new and existing borrowers offering a discount of 1.5 per cent, giving a current rate of 4.19 per cent. After the discount period, it reverts to the society&#39s standard variable rate, currently 5.69 per cent.

The second loan, which is only available for remortgages, currently has a rate of 4.44 per cent, which reverts to the society&#39s SVR after three years.

Both rates are available up to 95 per cent loan to value. Minimum loan is £25,000 and maximum £1m.There is no arrangement fee. Borrowers can choose to receive free legal work or a £200 contribution towards their legal costs.

Chelsea is extending the term of two of its existing fixed-rate loans. Its 2.45 per cent and 3.64 per cent fixed rates will now run until April 2005 instead of February 2005.

The society is also offering a two-year loan fixed at 3.99 per cent until April 2005 which is available up to 95 per cent LTV.

All fixed-rate loans have a £395 arrangement fee and early repayment charges which vary between 3 and 6 per cent.

PR & corporate affairs manager Melissa Russell says: “This will attract borrowers looking for a competitive deal over the medium term.”


FSA opens the box To depolarisation

The FSA has called last orders on polarisation, opening up distribution of financial services and opening itself up to claims of massive consumer detriment with a box-ticking disclosure regime in one fell swoop.FSA consultation paper 166: Reforming Polarisation: Removing the Barriers to Choice, published this week, creates any number of distribution models and allows hybrid […]

Friends aids advisers with OPPs guide

Friends Provident is offering IFAs a guide to restructuring an occupational pension scheme.The guide includes inf-ormation on the requirements for amending, restructuring and winding up an occupational scheme.It also offers IFAs and trustees advice on making a scheme paid up or frozen and surrendering a contracting-out certificate in a situation where benefits continue to accrue […]

Five financial firms among the top reputations in UK

Northern Rock, Fidelity, Egg, Nationwide and Legal & General have some of the best reputations in corporate UK, according to Presswatch.But four financial services companies – Equitable Life, Barclays, Lloyds TSB and Royal & Sun Alliance – fall among the 10 UK companies with the poorest reputations in the annual survey.High-street retailer Marks & Spencer […]

Three funds for every firm on All Share

There are nearly three retail investment funds for every company listed on the FTSE All Share index, according to the Consumers&#39 Association, which it says is untenable and must be corrected through consolidation.The CA calculates that at July 1, 2002, there were 2.7 retail funds for each of the 709 companies listed on the index.Senior […]

Tax year-end planning for annual allowance

Last tax year-end there was a lot to think about in relation to planning. The introduction of the tapered annual allowance and the implications of moving to a fixed pension input period, the reduction in the lifetime allowance and potentially applying for protection, and the concern about changes to tax relief, to name a few. […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm