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Woolwich offers two new capped-rate mortgages

Woolwich Building Society says it is introducing two capped-rate mortgages and a buy-to-let scheme to demonstrate its commitment to improving consumer choice.

The Open plan will be capped for five years at 6.89 per cent and offer loans up to 90 per cent of value.

The Traditional five-year plan will be capped at 6.99 per cent and offer loans up to 95 per cent of value.

Both schemes have an application fee of £295 and an early redemption charge of six months gross interest to February 1 2004.

The Buy-to-Let Five Year Fixed-Plan will be fixed at 7.4 per cent for loans up to 75 per cent of value and will have an application fee of £295.


C&G cuts rates

Cheltenham & Gloucester says it is trying to ease consumer fears about recession by dropping its variable mortgage base rate to 8.2 per cent.Following the Bank of England&#39s base rate decrease last week C&G&#39s new rate will be effective from November 10 for new applicants and December 1 for established borrowers.Managing director Roger Burden says: […]

Gartmore warns of continued gilt/corporate debt divergence

The price difference between corporate and Government bonds has reached its highest level for ten years because of money injected into Government debt markets.According to Gartmore&#39s October Investment Focus, AAA corporate bonds substantially underperformed Government bonds and corporate debt will continue to underperform until confidence is restored.Gartmore says structural factors point to increased issues of […]

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Survey looks at the challenges facing businesses post auto-enrolment

A survey conducted by Johnson Fleming at the Pension & Benefits Show 2014 highlighted the key challenges faced within organisations post auto-enrolment. The results showed that communicating the changes and the value of them to staff, and receiving timely data from the payroll provider proved to still be the most challenging aspects of managing an auto-enrolment scheme.


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