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Yorkshire BS reduces its two year fixed rate mortgage

Yorkshire Building Society has reduced its two year fixed rate mortgage for the second time this month.

The new deal is fixed at 4.34 per cent until October 31 2007 ad is available to new and existing borrowers.

Features include free accident, sickness and unemployment cover for the first six months and overpayments of up to 10 per cent of the capital each year without charge.

Interest is charged daily. Early repayment charges are only applicable during the fixed rate period at 3 per cent.


Defaqto warns lenders over actuarial calculations

Providers are risking significant loss on lifetime mortgage products if their actuarial research is inaccurate, warns financial research company Defaqto. The firm’s equity-release report warns lenders offering guarantees against negative equity that they need to be certain their actuarial calculations and house price projections are robust. Head of banking David Black warns lenders not to […]

Money Portal to announce dramatic changes after Morris exit

The Money Portal will see a dramatic shift in the make up of its board in the next few weeks following the resignation of Tony Morris.Managing director Richard Craven says an announcement regarding new board members is imminent a week after Morris resigned ahead of a court case where he offered to be disqualified as […]

High Court agrees to interim injunction in Home of Choice versus Openwork

An application for an interim injunction made by Zurich and Openwork against Gerry O’Brien, Richard Coulson and Home of Choice has been accetpted.The case was heard in the High Court on June 28. The application was based upon a number of allegations including allegations that the defendants were acting in breach of restrictive covenants. This […]

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White paper — recording sickness absence

The latest figures from the Department for Work and Pensions illustrate that sickness absence is still a major cost to businesses, with an annual bill for sick pay and associated costs to employers of £9bn. This paper from Jelf Employee Benefits looks at the importance of recording sickness absence for any employee health strategy and how this can be carried out in an efficient manner to reduce absence, improve employee engagement and drive up profits.


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