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Virgin reduces mortgage rates

Virgin Money has reduced the interest rates on a number of its fixed rate mortgages by up to 0.20 per cent.

The new range features residential and buy-to-let products for both purchase and remortgage customers.

It is offering two-year fixed rates available from 3.55 per cent for both purchase and remortgage customers and five-year fixed rates from 4.09 per cent, as well as fixed rate buy-to-let mortgages from 3.85 per cent.

Virgin Money also continues to offer its cashback incentive on a number of purchase products. For customers remortgaging from another lender, free standard legal services and a free basic valuation are also available.

The buy-to-let range also includes a cashback incentive of £500 on completion.


Fund firms issue gold warning

Skandia, Fidelity Worldwide Investment and Eden Financial have warned investors they do not feel gold is a safe-haven asset. Gold is skirting a bear market with gold futures trading at close to $1,593 an ounce on May 21, a 15 per cent drop from a high of $1,881 on August 29. Skandia head of multi-manager […]

Newton’s Harries: Chinese growth is unsustainable

Newton fund manager James Harries has warned against investing in China, warning that the country’s growth model is not sustainable. Recent economic data coming out of China has been disappointing. Average house prices in 70 major Chinese cities fell by 1.2 per cent last month, compared with April 2011, following a 0.7 per cent year-on-year […]


Law firm sets out Arch cru redress battle plan

Law firm Foot Anstey has set out plans for how it will look to fight the FSA’s Arch cru redress scheme. In an email sent to advisers who expressed interest in joining a pressure group set up by the law firm, Foot Anstey says it will instruct a barrister to scrutinise the FSA’s consultation into […]

Europe: why persist with value today?

By Rob Burnett, Neptune’s Head of European Equities The Neptune European Opportunities Fund remains committed to a value bias. We see a broadening array of opportunities in diversified industries at compelling valuations today. The most complicated part of the market is the European banks. We are currently overweight in this sub-sector as many banks are […]


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