MORTGAGES

Virgin Money has cut rates on mortgages across its residential range. Higher LTV fixed rates have been reduced by up to 0.20% and mortgages without product fees reduced by up to 0.25%. Tracker rates now start from 1.94%.

Skipton Building Society has launched a new range of two year tracker and discounted rate mortgages. The Society has reduced its two-year discounted and tracker deals by up to 0.40%, with rates starting from only 1.78% for a two-year tracker and discounted products to 60% LTV.

Nationwide has improved mortgage rates for new and existing customers. All two-year fixed rates available up to 60% loan-to-value (LTV) will be cut by 0.10% and those up to 70% LTV by 0.15% for new applications.

INVESTMENT

Schroders is to launch a Global Recovery fund investing in stocks the managers feel are primed for a recovery in value. The group is planning to launch the fund on 9 October for managers Nick Kirrage and Kevin Murphy.

Fidelity Worldwide Investment is to expand its equity income franchise with the launch of a Global Enhanced Income fund for manager Dan Roberts.