UK: SCOTTISH WIDOWS OFFERS MEANS OF PAYING MORTGAGE
Article Abstract:
Scottish Widows Bank is offering mortgagees at risk of shortfall in their endowment policy a flexible means of settling their endowment mortgage. Borrowers can reduce the capital and save on interest by increasing their payments, and by dividing their loan into two parts. They can pay both interest and capital for part of the loan and just interest for the remainder. According to a mortgage specialist, Johannes Kennard, from London & Country Mortgage Management (Bath, UK), although more favourable rates are available, the Scottish Widows offer could be worth consideration.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2000
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UK: Portman introduces fixed-rate mortgage range
Article Abstract:
Portman Building Society has introduced a range of three fixed-rate mortgages with interest rates ranging from 5.19% for a two-year fixed rate to 5.99% for a five-year deal. Also available is a 5.39% three-year fixed rate. The building society is also offering a two-year deal with a 2.85% fixed rate until 2003, after which interest is pegged at 1.75% above base rate until 2007 and then at 1% above base thereafter.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: SCARBOUROUGH EXTENDS MORTGAGE RANGE
Article Abstract:
Scarborough Building Society launched a flexible base rate tracker mortgage loan on 7 July 2000, which has a variable rate of 6% guaranteed to match the Bank of England base rate for 12 months. After this period, it will exceed the base rate by no more than 0.75%. The new mortgage product offers no early repayment charges and interest is calculated on a monthly basis.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2000
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