LOOSE CHANGE

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The Independent Online
Rising house prices are already leading directly and indirectly to a rise in household insurance premiums, warns Touchline Insurance.

Rising prices require increased premiums but increased turnover also leads to more claims and higher premiums.

For example, subsidence claims are expected to rise by a further 25 per cent to around 56,000 this year, but it is usually when a house is put on the market that claims are made and premiums rise to reflect them, according to Touchline managing director Sandy Dunn.

Kleinwort Benson is offering 5 per cent gross interest paid monthly on its High Interest Current Account. Minimum balances of pounds 2,500 are required.

Call 0800 317477 for details.

Tipton & Coseley Building Society has launched a new flexible mortgage offering repayment holidays, top-up loans and accelerated repayment plans.

Loans range from pounds 50,000 to pounds 250,000, and 75 per cent maximum loan to valuation (60 per cent for remortgages).

Payment holidays can be taken any time after one year and borrowers can draw an extra pounds 1,000 up to four times a year. The loan will also be offered shortly to eligible existing borrowers.

Bristol & West Building Society has replaced its one-year fixed rate mortgage at 0.95 per cent with a 1.95 per cent rate to end July 1997, reduced its two- and three-year fixed rates to 4.74 per cent and 6.49 per cent, abolished its 4 per cent cashback mortgage and reduced the discount on its one- and two- year discount mortgages by 0.25 per cent.

Scotlife Home Loans in Edinburgh has introduced a 4 per cent cashback on loans up to 95 per cent of valuation, and the pounds 280 fee can be added to the loan, but the standard variable interest rate is a high 7.24 per cent.

Bristol-based stockbrokers Hargreaves Lansdown is offering readers a free copy of its 48-page Guide to Penny Shares (call 0800-850661).

Hargreaves Lansdown also plans to launch a monthly newsletter shortly, priced pounds 10 a quarter or pounds 8 for founder subscribers. Details from: 4, Brighton Mews, Melrose Avenue, Clifton, Bristol BS8 2NX.

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