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Yorkshire Building Society cuts its mortgage rate

Yorkshire Building Society is cutting its rate by 0.25 per cent for new and existing borrowers.

The rate reduction which comes into effect on June 27 will cut its standard variable rate to 6.35 per cent.

The society will also cut investment rates on this date, but the actual size of the cut has not yet been decided.


Cheltenham & Gloucester launches cashback and discount mortgages

Cheltenham & Gloucester has launched a range of discount rate and cashback mortgages.For loans up to 90 per cent loan to value C&G is offering a 5 per cent cashback through its cash gift mortgage this is subject to a mum of £12,500.For loans up to 95 per cent LTV the cash gift is restricted […]

M&G enhances commission on corporate bond funds

M&G has increased the commission payable to IFAs for Pep transfers into two of its investment funds.The M&G Corporate Bond Fund and the M&G High Yield Bond Fund will now pay IFAs 4 per cent initial commission instead of the previous 3 per cent for Pep transfers.Neither fund has an initial charge, but there is […]

ABI welcomes publication of the Financial Service and Markets Bill

The Association of British Insurers has welcomed the publication of the Financial Services and Markets Bill.The ABI says the publication of the Bill confirms the Government&#39s commitment to ensure carefully thought through legislation reaches the statute book as soon as possible.But it has also emphasised the need for the Government to continue listening and responding […]

Sun Bank cuts mortgage rate

Sun Bank has cut its mortgage rate for existing borrowers in response to last week&#39s cut in the Bank of England&#39s base rate.Sun Bank has followed the decision made by the Monetary Policy Committee to cut the rate by 0.25 per cent, by announcing it will cut its rate by 0.14 per cent.Existing borrowers on […]


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