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Wesleyan Home Loans abolishes redemption penalty lock ins

Wesleyan Home Loans is abolishing redemption penalty overhangs on its range of mortgages.

The move will apply to its range of new loans from August 12.

Wesleyan Home Loans director Frank Brooks says: &#34As financial services evolve in the UK, it has become increasingly evident extended lock ins are neither appropriate nor acceptable.

&#34We pride ourselves on being flexible and prompt in responding to customers feedback and so are delighted to be at the forefront of what we believe will be a growing trend in the UK mortgage market.&#34


Barclays launches offshore guaranteed bond

Barclays Bank is launching a guaranteed stockmarket bond aimed at non-UK residents.The Guaranteed Stock Market Bond (issue three) guarantees to return 100 per cent of the initial investment plus 60 per cent of any stockmarket growth in the Eurotop 100 Index after three and a half years.The bond is denominated in either US dollars or […]

Senior civil servants concerned over Hewitt&#39s move

Senior civil servants are concerned the Prime Minister&#39s reshuffle of junior ministers could disrupt legislation for the financial services and markets bill according to the Financial Times.The concerns centre around Patricia Hewitt who was in charge of the bill. But the reshuffle saw her move from economic secretary at the Treasury to the Department of […]

Bank of Scotland Offshore launches loans for expats and international investors

The Bank of Scotland Offshore is launching two mortgages aimed at expatriates, overseas nationals and international investors wanting to take advantage of the UK&#39s current low interest rates.The residential mortgage is targeted at expatriates, it offers a variable rate of 6.69 per cent and is available on loans up to 80 per cent loan to […]

Neville James appoints investment director

Traded endowment policy specialists Neville James have appointed Peter Mason as investment director and actuary.Mason joins the Tep market maker from Guardian Royal Exchange where he held several senior positions including directorships.Mason is also a non-executive director of the Countrywide Assured Group.In his new role he will be responsible for all aspects of investment management […]


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