Two Isle of Man-based offshore building society subsidiaries have weighed in with new products for savers and buy-to-let landlords.
Britannia International is offering new issues of two capital-guaranteed structured products. Optimum Growth Bond Issue 22 gives 150% participation in the growth of the FTSE 100 index over its six-year term (averaged over the final 12 months), with two potential early kick-outs if growth targets of 20% after two years (AER 9.54%) or 40% after four years (AER 8.78%) are met.
The sixth issue of the Guaranteed Capital Bond pays a fixed return of 8.01% AER over terms of either three or five years, if the FTSE 100 has grown by 10% or more over the term (averaged over the final six months).
The minimum investment is £10,000 for personal investors and £50,000 for corporate, trust or pension business, and there is an early investment bonus of 0.4% available before 3 January 2008. The issues will close on 31 January 2008 or sooner if fully subscribed before then.
Irish Permanent International has added a Fixed Fee Term Tracker mortgage to its range of sterling term buy-to-let products. Loans are available to individuals, expatriates, foreign resident nationals, companies and trusts at a maximum loan to value of 85%, and the rate is set at 0.99% above bank base rate for the life of the loan, with a fixed arrangement fee of £1,295. Loans are available from £75,000 to £750,000.
Latest news and analysis
10 years in financial advice
Impact of rates
And vote now for Best Service award
Fidelity's Multi Asset investment team answer two key questions about the rise of multi asset investing