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Woolwich launches five year fix for buy to lets

Woolwich is launching a five year fixed rate mortgage for the buy-to-let market.

The loan is fixed until December 1, 2004 at 7.49 per cent for loans of £50,000 plus or at 7.59 per cent for loans of below £50,000.

The loans are available up to 75 per cent loan to value subject to an overall maximum of £1m

There is a £425 application fee and early redemption penalties of six months interest in the first five years.


eXchange launches on-line mortgage subsidiary

The eXchange is launching an on-line mortgage packaging will be available to both consumers and IFAs from October 1.The service will be able to process mortgage and re-mortgage applications on-line.The Exchange chief executive Paul Lindsey says: & will be a significant net based business adding value for both consumers and intermediaries. The business will […]

Lambeth Building Society introduces charitable assignment

Lambeth has joined the ever growing list of building societies to slap a ban on new members benefiting from future windfall payments.The move requires new members to assign their rights to windfall payments in the event of a demutualisation over to charity.In such an event, all the windfalls would be paid to the Charities Aid […]

FSA issues policy statement of guidance and waivers

The FSA has published a Policy Statement about its powers to give guidance and waivers to financial firms under the Financial Services and Markets Bill.The statement cover three principal areas, general guidance, individual guidance and waivers.All the FSA&#39s rules and general guidance to firms will be provided in a single &#34Handbook of Rules and Guidance&#34 […]

IFA publishes guide to top 50 investments for income and growth

IFA the David Aaron partnership is publishing a consumer guide to the best investments to achieve income and growth.It covers the top 15 tracker beating unit trusts including European, smaller companies, technology and far eastern funds.The guide also includes details of corporate bond Isas, high income stockmarket linked bonds, with-profit bonds, property bonds and distribution […]

UK Equities: looking past short volatility

By Mark Martin, head of UK Equities, Neptune With markets facing numerous challenges this year, Neptune’s Mark Martin, manager of the UK Mid Cap Fund, and assistant manager Holly Cassell explain how they look past short-term volatility to focus on maintaining a strong long-term performance record. Read more here Important Information – for investment professionals only. […]


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