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Two-year tracker range from Yorkshire BS

Yorkshire Building Society is today launching a range of two-year tracker mortgages with no early repayment charges.
The new deals offer homeowners a tracker rate set at 0.25 per cent below the Bank of England base rate which currently stands at 4.5 per cent.
Borrowers moving their mortgage will pay Bank of England base rate for two years. A second two-year tracker mortgage without any fees and offering a contribution to legal and valuation costs is also available at the base rate plus 0.55 per cent for remortgagers.
Yorkshire BS head of product development Ian Bullock says: “We have decided to launch this range with no charges even if the whole mortgage is repaid during the two-year tracker period. As most analysts are now forecasting that the base rate is close to peaking with a reduction in rates expected as early as next year, these new products offer fantastic value for borrowers.”


&#39Equity release an alternative to pension&#39

The FSA wants to see con-sumers actively consider equity-release-style products as an alternative to pensions to fund their retirement. Speaking at the Liberal Democrat Party Conference this week, FSA consumer director Anna Bradley said there is a danger that the industry only encourages people to think about pensions for retirement. In response to Consu-mers&#39 Association […]

Abbey for Intermediaries – Growth Options Plan 2

Type: Guaranteed equity bond Aim; Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £3,000-£1m, Isa £7,000 Term: Six years Return: Option 1 &#45 100% growth in the index capped at 56% at end of term, option 2 &#4528% of original investment at end of term Guarantee: Option 1 &#45 Original capital […]

Buy-to-let sector starting to show signs of cooling

The first signs of cooling-off in the buy-to-let market are being seen, says Nationwide&#39s specialist lender UCB Home Loans. Figures from UCB indicate that higher house prices and increasing interest rates are leading to a gradual slowing of buy-to-let purchases. It says rental returns of 4 to 8 per cent can still be found in […]

Stewart Ritchie on Pensions

One of the most extraordinary aspects of pension tax simplification is the new investment regime after April 6, 2006. For more than a quarter of a century, the Inland Revenue has policed small self-administered schemes to prevent incestuous transactions, investment in residential property, non-income producing assets and so on. When self-invested personal pensions started, the […]


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