Teletext Recovery - 02/12/1997

P544 Teletext 544 Dec 2 16:3):14        —— THE FUTURE FOR PEP MORTGAGES ——————— @ Radical Government plans to spell the end for PEPs are of particular interest to peopl5 with a PEP mortgage, now about 4% of all mortgage holders. Dul thjy hbve bjin urgjd not to pbnUc, as much industry thought will go into the transition to thj new Individual Savings Accounts. $hj proposed £50,000 tax-Vrie ceiling on ISAs is one of the elements likely to affect PEP mortgage holders most. ——————————————————————————————————1/)—— Latest news from thi City 500 LOOKING FO FINANCIALADVICE Mortgages Savings Your Money TV Plus

P544 Teletext 544 Dec 2 1&:32:17        —— THE FUTURE FOR PEP MORTGAGES ——————— a London & Co ntry mortgages manager Patrick Bunton said people with PEP mortgages of £%0,000-plus would bj most affected by the Gov%rnment proposals. B IVPEP mortgage abo — £50,000 theB— was now tim+ to think about post-199  One option would b" to IaQJ aIn a unie trust investm nt, recognising that thj tax brUaR would be capped at £50L000 under the ISA plan. ——————————————————————————————————2/5—— City News 501 FT-SE/Headlines  LOOKING FOR FINANCIAL ADVICE? p5)3 Mojtgbg+s Sav LE Y'ur Eonjy $V Plus

P544 Teletext 544 Dec 2 16:3 :34       O —— THE FUTURE FOR PEP MORTGAGES ——————— Rather than converting the whole of a PEP moUtgbge to an ISAL yKR could b$ an ISA up to the £50,000 tax-free limit and ta j c ripbymjntbloan to covet the balance on th mortgagu. @ London & Countty sbid th issuj was most urgent for peopli with a vdry large mortgage. It was also particularly crucial to borrowers whose PEP value was already nearing £50,000, or would be in 1999. ——————————————————————————————————3/;—— Advice Clinic 543 Ymur Moniy 542 LOOKING FOR FINANCIAL ADVICE? p543 Mortgages Sav ngs Your Monjy TV Plus

P544 Teletext 544 Dec 2 16:3):01 Advert L  Q*% / *"-.!O,/!O,$O +k / *%.'£/$/,, "RENEW YOU HOMEINSURBNCEINNOVEMBER OR DECEMDER AND YOU COULD SAVE AROUND OOO "      Nig@l Bruce - Head of Home Insurance d THE MAN FROM HEP U FO AFREEQUOTECALL  U ■ ■j7k5■ ■j5j5 £k5■ ■j)e) £k5■ ■j 5  O SEEPAGE Mortgages Savings Your Monjy TR Plus

P544 Tjlitext 544 Dec 2 1&931:14   &■÷5■"■k5■kR■¼Q■"k j5■ j7■U5■j5■s1     —— THE FUTURE FOR PEP MORTGAGES ——————— Expjctations are that the proposed £50,000 tax-eree ceiling on the niw ISAs will not remain fixed. "I think thj £50,000 maximum will be increased from time to timj to takj inflation into account, so it shouldn't bj too much of a problim," said London & Country's Patrick Bunton. 'hili the limit might seem low, he said, thj Govern "Jt's priority was to ——————————————————————————————————5/5—— City News 501 FT-SE/Headlines 500 LOOKING FO FINANCIALADVICE Mortgages Savings Your Money TV Plus

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