View more on these topics

Newcastle keeps 10-year fixed rate mortgage at 5.99%

Newcastle is offering a mortgage fixed at 5.99% until August 30 2014 with an annual penalty-free option to redeem. The recent interest rate rises have only increased speculation that they may continue to do so over the next year. This long-term fixed rate product provides people with security against potential rate rises while giving the option to move should circumstances change.

The society&#39s 10-year fixed rate mortgage offers borrowers an annual opportunity to redeem their mortgage without penalty. If they choose, customers can redeem for free in December 2005 and then in December every year until 2014.

The completion fee is from £345 – making this a competitive product without the upfront costs associated with long-term mortgages.

Robert Hollinshead, chief executive of Newcastle, says: “Although there is much speculation at present about forthcoming interest rate rises, it is impossible to tell where the base rate will be in 10 years&#39 time. Our 10-year fixed rate mortgage is designed specifically for this situation to give people the best of both worlds: the security of a fixed rate as well as a get-out clause.”


What will be the impact of King&#39s warning?

Mervyn King, the governor of the Bank of England, warned last week that a sharp reverse could be on the way for house prices and that he fears a property slump. Coupled with rising interest rates, King said the instability of the housing market could pose a real threat to our economic future. So, Mortgage […]

First Property Investor Show North hailed as success

The first ever Property Investor Show North on June 18-20 at Manchester G-MEX was attended by over 5,500 visitors from across the country. Over 135 exhibitors, from developers to mortgage companies, took part and a 30-strong team of speakers imparted their expertise in an extensive programme of seminars ranging from buying a house at auction […]

Gay insurance expert invited to join industry working group on HIV

Chris Morgan, editor of Pink, has been invited to join the Association of British Insurers&#39 new working group focusing on HIV and self-responsibility as a consultant. Over the last 12 months Morgan has contributed heavily to the new best practice guidelines on HIV and Insurance,which are about to be applied to the industry. Morgan&#39s […]

AMI chairman Gooding to step down

The Association of Mortgage Intermediaries has announced that AMI chairman Charles Gooding will not seek re-election to the trade association&#39s board. Gooding says: “It has been an honour and a privilege to work with the AMI board since its formation. I had decided to step down as chairman some time ago once I was confident […]


Neptune video: Abenomics: the impetus for Japan’s fast-track recovery?

The remarkable performance of the TOPIX over the past year has caused many sceptical equity investors to look again at the Japanese market. These returns have come despite very significant problems facing the Japanese economy. Chris Taylor, manager of the Neptune Japan Opportunities Fund, discusses these problems and whether Abenomics will be able to overcome them, enabling the market to continue to rise.

In the video, Taylor addresses the following:

• The size and speed of Japan’s unprecedented monetary policy
• Abenomics and the implications should it fail
• Corporate Japan and beneficiaries of government policy


News and expert analysis straight to your inbox

Sign up