Time to level the repayment field

Article Abstract:

There is considerable confusion surrounding the Annual Percentage Rate (APR) level on loans, despite the fact that this aims to indicate the true cost of credit. This problem is being made worse by the fact that changes are being made to the way in which APR is calculated. The UK Dept of Trade and Industry is proposing to exclude the premiums payable to a life company in the calculation of the APR for endowment mortgages. However, for a repayment mortgage the APR will include the premiums for life cover, while the APR for an endowment mortgage will not. If these proposals go ahead, the government will introduce a bias towards endowment mortgages.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Loan Interest Regulation, Laws, regulations and rules, Interest rates, Government regulations

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Pay as you learn

Article Abstract:

UK university students receive a full maintenance grant if their parents' residual income is less than 16,050 pounds sterling. If the residual income is over 32,208.85 pounds sterling, or 35,171.35 pounds sterling for London students, no maintenance grant at all is paid. Student loans, which keep increasing, are available towards living costs. A student who starts university in September 1996 will be able to borrow around 4,710 pounds sterling over three years, or 5,800 pounds sterling in London. A guide is available for parents.

Finance, Students

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You could be sitting on a design classic

Article Abstract:

There is growing interest among art investors in 20th century design. Objects which may be regarded as modern design classics include lighting, prints, electrical equipment, textiles, porcelain and glass. Some purchasers regard these items as a worthwhile speculative investment, while others wish to purchase relatively inexpensive 'designer' furnishings for their home. There is only really a strong market for items which would have been expensive when they were first put on sale.

Collections and collecting, Furniture, Modern, Modern furniture, Painting, Modern, Modern painting

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