Offer on insurance

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The Independent Online
Lambeth Building Society has a new range of mortgages with discounts for borrowers who take out sickness and unemployment insurance. The fix to 1999 for loans between 75 and 95 per cent, for instance, is 8.9 per cent without the cover and 8.7 per cent with the insurance.

Birmingham Midshires is offering a fix at 2.49 per cent until 1 January 1996. There is an arrangement fee of £250, and a six-month redemption penalty if the loan is redeemed within three years.

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