Variety among the caps

WITH the Credit Agricole mortgage fixed at 8.75 per cent until 31 January 1995, there is a pounds 300 application fee but no compulsory insurance.

There is a choice of two radically different capped mortgages. One, from Mortgage Services Ltd, the mortgage arm of the German Hypo Bank, is at 8.95 per cent capped until 1 October 1993, with a pounds 250 application fee. The other is from Leeds Permanent Building Society. It is a five-year mortgage capped at 10.65 per cent with currebnt payments at 9.95 per cent. There is a pounds 295 application fee. Two insurance products are compulsory with it, from a choice of contents, buildings and loan protection.

------------------------------------------------------------------------ SIX OF THE BEST ------------------------------------------------------------------------ Savings Type Account Term *0% *25% *40% Min pounds GIB M & G 5 years 7.75 7.75 6.59 2,000 B Soc North of England BS Instant 10.75 8.06 6.45 25,000 Tessa Vernon B/S 5 yrs 11.25 11.25 11.25 1 *Compounded annual rate except for GIB - guaranteed income bond ------------------------------------------------------------------------ Source: Chase De Vere 071-404 5766 ------------------------------------------------------------------------ Mortgages Type Source Deal Variable Halifax BS 8.5% inc 1st-time buyers' discount Fixed Credit Agricole 8.75% to 31/1/95 Cap & Collar Leeds Permanent BS 10.65% for 5yrs, pay 9.95% now ------------------------------------------------------------------------ Source: John Charcol 071-589 2626 -----------------------------------------------------------------