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UCB reduces fixed rate mortgages

CB Home Loans is launching a range of self-certification fixed rate mortgages with its lowest ever fixed rates. The lender is offering a 2-year fixed rate at 4.49 per cent, a 3-year fixed rate at 4.69 per cent and a 5-year fixed rate at 4.99 per cent.

Redemption penalties for the 2-year mortgage are 6 months interest in year one and 5 months interest in year two. For the 3-year, penalties are 6 months interest in year one, 5 months in year two and 4 months interest in year three. The 5-year mortgage carries a redemption penalty of 6 months interest in years one to three, 5 months interest in years four and five and 4 months interest in year six. No extended tie-ins apply.

All the products revert to UCB&#39s standard variable rate, currently 6.49 per cent, after the fixed rate period. Loans are available up to 85 per cent loan to value.


&#39If a 100/0 fund replaced the 90/10 fund, there would be concern about where capital strength was coming from&#39

Life offices have had their feathers ruffled by suggestions that Sandler&#39s with-profits proposals – which would see funds ringfenced to prevent them being used to cross-subsidise other business areas – could become mandatory.Prudential UK chief executive Mark Wood accepts that the suggestion will have people looking at the Pru but says this is merely because […]

Simply Biz Support firm struggles to get PI cover for members

IFA support services group Simply Biz, which was launched by DBS founder Ken Davy in December last year, has been unable to find PI cover, stalling plans to offer cover to all member firms as part of the package.The situation means that eight firms cannot make the final jump to being full Simply Biz IFAs […]

Remortgage business rockets to 52%

Remortgages now represent more than half of all new lending, according to figures for January from the Council of Mortgage Lenders.Of the total £18.6bn of advances made last month, £9.6bn or 52 per cent was advanced through remortgages, up from £7.6bn in December or 39 per cent and £5.6bn and 42 per cent in January […]

FSA must take action to settle the PI crisis

Last week, Money Marketing reported on the difficulty we have had in obtaining renewal cover on our PI insurance -not an unusual occurrence for the small to medium-sized IFA in the current climate.I am pleased to report that we have now obtained cover and it will come as no surprise to any IFA that the […]

The future of active management is now

Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]


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