Cashpoints: N&P offers 'green' mortgage discount

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The Independent Online
n The country's first "green" mortgage for energy-efficient homes is now available. The Norwich & Peterborough BS is offering a two-year 2 per cent discount on its standard variable rate and a free property valuation worth pounds 195 on qualifying homes. There is a redemption penalty of a month's interest if you redeem in the first four years, which is waived if you move to a new N&P mortgage, so you could take the discount and move to a new deal at the end of the discounted term. To qualify, homes must have an energy rating (Standard Assessment Procedure or SAP) of 80 or more. This standard is applied to new homes, so the N&P deal is aimed at those buying from new developments. Call into N&P branches for details.

n A new Income Growth PEP has been launched by Dresdner RCM Global Investors. The investment trust will have a fixed eight-year life and is designed to offer income that grows each year. The estimated initial yield on the ordinary shares is 6 per cent gross, tax free in a PEP. Call Dresdner RCM, 0800 317 573.

n TaxCalc, the personal taxation software from the Consumers' Association, has already sold more than 100,000 copies. It helps you calculate your tax bill and reviews your tax position and suggests ways it might be improved. The program contains an approved self-assessment form that can be filled in and printed out. Normal cost is pounds 29.99 plus pounds 3 postage. Independent on Sunday readers can buy it for pounds 24.99 plus pounds 2 postage. For credit card and Switch orders call 0990 084 201 and quote reference ID/31.

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