UK Money News - April 2008
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30/04/2008
- Long term savers urged to take more risks
Long term savers should consider alternatives to savings accounts to ensure a good return on their capital, according to a new consumer guide. - Brits underestimate lifespan, pensions firm warns
Britons who underestimate how long they live could be left facing severe financial hardship in later life, it has been claimed. - House prices could fall 30%
UK house prices could drop by as much as 30 per cent over the next two years, a member of the Bank of England's monetary policy committee (MPC) has claimed. - Couples keeping separate bank accounts
More and more couples are choosing to have separate bank accounts, it has been revealed. - House prices down year-on-year
UK house prices have shown an annual fall for the first time in 12 years, new data shows.
29/04/2008
- New bond launched by Bradford & Bingley
Bradford & Bingley has announced the launch of a new one-year fixed rate bond offering investors a rate of 6.60 per cent AER. - RBS and NatWest cut mortgage rates
Two of the country's largest lenders have announced they are to cut repayment rates on selected mortgage products. - Mortgage market slump deepened in March
The contraction of the UK mortgage market worsened during March amid increasingly tight operating conditions for lenders, new figures have shown. - Insurer issues subsidence warning
Homeowners can mitigate their chances of falling victim to subsidence by following simple guidelines when planting trees, a home insurance provider has warned. - Abbey launches Zero card
Abbey has launched a new card which claims to be the only product on the market with no fees for balance transfers, foreign exchange and cash advances. - Peer pressure drives youths into debt
A compulsion to compete with friends for the most desirable lifestyle is forcing young Britons to drive up unmanageable debts, a new study has shown. - House prices 'declined 0.4% last month'
UK house prices declined for a second consecutive month during March, official figures have shown. - Isa sales plunge to record low
Sales of Individual Savings Accounts (Isas) were at the lowest level ever during the period from March 1st to April 5th, new data shows.
28/04/2008
- Brits split over HSBC offer
Britons have mixed feelings about HSBC's recent headline-grabbing offer to match the repayment rates of all borrowers coming to the end of the fixed term of their mortgage, a survey has revealed. - Brits faith in banks shaken by credit crunch
Britons' faith in banks and building societies as the best place to store their savings has been shaken by recent events in the financial markets, a new study suggests. - NatWest and RBS launch Foundation Account for businesses
NatWest and Royal Bank of Scotland (RBS) have announced the launch of a new account aimed at businesses with blemishes on their credit history. - Drivers flout safety rules on school run
Stressed motorists are taking huge safety risks on the school run, a survey from a car insurance provider has revealed. - Good value loans still available, says analyst
Borrowers can still secure favourable terms on personal loans if they shop around, a price comparison site has advised. - Re-mortgaging up 27% in last year
The number of Britons seeking mortgages for house purchase has slumped in the last 12 months, as more and more homeowners opted to re-mortgage their property, it has been revealed. - Consumers urged to be suspicious of headline-grabbing rates
Consumers should scrutinise the terms of savings account offers which depend on opening a current account with the same provider, a price comparison site has warned. - Brits missing out on private banking
Britons are missing out on the potential benefits of private banking due to an outdated idea that is reserved solely for the super wealthy, a new study has shown. - 33,000 homeowners facing repossession
The number of homeowners losing their homes is set to soar this year, as higher mortgage repayments impact on affordability. - House prices down 0.6% in April
House prices in England and Wales fell by 0.6 per cent during April, new data shows.
25/04/2008
- Homeowners urged to consider legal cover with home insurance
Homeowners have been urged to consider opting for legal cover when they take out a home insurance policy. - Alliance & Leicester launches new offshore flexible income account
Alliance & Leicester has targeted expatriate Britons with the launch of a new online offshore flexible income account. - New build prices rose last month
Prices for new build homes rose for the first time in three months during March, figures from SmartNewHomes shows. - Homeowners make it easy for burglars
A new study has revealed shockingly lax home security standards among UK homeowners. - EU driver influx driving up insurance costs
The influx of motorists from overseas on UK roads is driving up the cost of car insurance premiums, it has been claimed. - Brits daydreaming of fantasy homes
Signs that the housing market is slowing this year has not dented Britons' fantasies of owing a dream home, it has been revealed. - Most first time buyers are 'fairly safe' from negative equity
The majority of first time buyers should not panic over reports that levels of homeowners facing negative equity are set to increase this year, it has been claimed. - Adult children raid savings to help parents
Adult children are increasingly raiding their savings to assist their parents with their finances, it has been revealed. - The Coventry re-launches online account for over-50s
The Coventry has re-launched its fixed rate online savings account to target savers over 50 who are seeking to mitigate the impact on their returns of the projected cuts to the key base of interest. - Couples to become more secretive over savings
Advances in technology will fuel a huge rise in the number of couples who do not disclose the level of their savings with their partner, it has been predicted.
24/04/2008
- Saving gets sexy
Saving is becoming "sexy again" as more and more young people wake up to the benefits of putting money aside, according to a personal finance expert. - Children increasingly fearful of debt
The nation's children are becoming increasingly fearful of falling into debt, a new survey has shown. - More first time buyers turning to parents for help
More and more first time buyers are relying on their parents to help them with raising a deposit as market conditions for novice buyers continue to worsen, according to the Council of Mortgage Lenders (CML). - Investors attracted by emerging markets
Emerging markets are the most desired investment area among buyers of protected investments, a new study suggests. - Standard Life targets cautious investors
Standard Life has launched a new bond that enables investors who may have been deterred by volatility in the financial markets. - OFT wins right to examine bank charges
A High Court judge has backed the Office of Fair Trading's (OFT) right to examine bank charges in a test case. - Mortgage market rescue plan 'will have limited effect'
Borrowers should not expect the government's moves to improve lending conditions in the market to bring about a return to the favourable home loan terms being offered before the credit crunch, one of the UK's largest mortgage brokers has warned. - Huge savings for shopping around for home insurance
Taking the time to shop around for a home insurance policy can yield huge savings, according to research from a price comparison site. - FSA: Banks failing customers over ID theft
Banks and building societies are not doing enough to guard against identity theft, according to the financial regulator. - Verdict imminent over bank charges
A High Court judge could today clear the way for a ruling that unauthorised bank charges are unfair.
23/04/2008
- The Yorkshire launches new e-bonds
Yorkshire Building Society has today launched a series of new internet-based savings bonds. - Amateur chefs causing damage to homes, insurer warns
Enthusiastic Britons' attempts to emulate celebrity chefs have resulted in a rash of home insurance claims, it has been revealed. - Expats urged to retain UK bank account
Keeping a bank account open in the UK is a prudent move for expatriates, an international lifestyle magazine has claimed. - Summit to target fuel poverty
Energy companies and consumer groups will meet with ministers today to discuss ways to alleviate the plight of consumers struggling to pay their gas and electricity bills. - Take-up for Isas increases by 30%
The numbers of savers opting to invest in an independent savings account (Isa) has increased over the last three months, despite signs of a turbulent market. - Increased demand for rental property
Demand for rental property has surged over the last three months, according to a letting agent. - Crunch hits mortgage lending in March
The credit crunch is continuing to impact on the UK housing market, new data suggests. - BBC: Online fraud more common than banks claim
Online fraud is a far larger problem than is currently thought, a BBC investigation has claimed. - Home maintenance complaints down slightly
Complaints about botched home maintenance work have moderated slightly in the first quarter of this year, according to new figures. - Post Office launches Fiveyear Saver bond
The Post Office has re-launched its Fiveyear Saver fixed term deposit bond for savers seeking longer-term investments.
22/04/2008
- Check insurance before May Day mini-breaks
Motorists planning trips in their cars for the May Bank Holiday have been urged to ensure they have comprehensive car insurance before setting off. - New savings account from the Yorkshire
Yorkshire Bank has launched a new rate term savings account offering a guaranteed interest rate of 6.25 per cent AER. - Eco-improvements can cut energy bills
Consumers can save hundreds of pounds per year by making eco-friendly improvements around the home, it has been claimed. - Sky high insurance for convertibles is 'a myth'
Convertible cars are only slightly more expensive to ensure than standard models, despite their perceived higher security risk. - New instant access savings account from Abbey
Abbey has launched a new instant access savings account as it looks to attract more of its funding from customer deposits. - Darling in crisis talks with mortgage lenders
Alistair Darling will today meet with leading figures from the mortgage industry for crisis talks. - More homeowners renting out spare rooms
Savvy homeowners are seeking to mitigate the impact of higher mortgage repayments by taking in lodgers, it has been revealed. - Abbey pulls buy to let mortgages
Abbey has dealt a blow to landlords with the news that it is withdrawing all but one of its buy to let mortgage products. - Brits ignoring risk of credit card fraud
Millions of UK credit card holders are failing to heed warnings over the rising tide of credit card fraud, a new poll suggests. - Millions could be denied chance to switch provider
Britons seeking to change their gas and electricity supplier in search of a better deal may find that this avenue is being denied to them, it has been claimed.
21/04/2008
- M&S car and home insurance policies scoop top rating
A raft of Marks & Spencer's range of insurance products has scooped top ratings from an independent financial services ratings company. - First time buyers struggling to save for deposits
First time buyers are finding it increasingly difficult to save for deposits for a house as they struggle with the rising cost of living. - Asking prices fell 0.1% in March
The asking prices for UK properties were down by 0.1 per cent during March, a new study has shown. - Tesco slashes costs of home insurance policy
Tesco has announced a limited-availability new home insurance offer which promises to cut the cost of insuring your home by half. - Energy companies slammed over price increases
Consumer groups have rounded on energy companies after it emerged that they are preparing to increase their tariffs later this year. - Providers reject 3m credit card applications
Britons who have become accustomed to managing their finances through credit cards are finding conditions significantly harder in the wake of the credit crunch, a new survey has shown. - Government mortgage plan will bring only short-term relief
Government plans to alleviate the impact of the credit crunch on the UK housing market will have only limited impact, it has been claimed. - Brits using loans to fund aspirational lifestyle
Millions of Britons are using loans to fund an aspirational lifestyle they cannot afford, it has been claimed. - Alliance & Leicester targets savers
Alliance & Leicester has announced it will once again be offering customers its Premier Regular Saver account - Darling to press lenders to allow mortgage holidays
Alistair Darling is to lobby banks to introduce new measures to relieve the mortgage repayment burden of indebted homeowners.
18/04/2008
- Crunch to force borrowers to change behaviour
The credit crunch is set to bring about a change in borrowers' behaviour in the next few months, a credit rating firm has predicted. - Nationwide launches three new bonds
Amid increasing competition for retail deposits, Nationwide has become the latest lender to launch a range of bonds offering attractive rates to savers. - Urelife card offers peace of mind to parents
Parents looking to monitor their child's spending while still allowing them the flexibility offered by a debit card should consider the UreLife debit card. - Guide to debt published by Citizens Advice
With millions of Britons expected to face increasing difficulty in managing their debts this year, Citizens Advice has announced the release of a guide to legal and financial matters for consumers. - CML praises HSBC mortgage offer
The Council of Mortgage Lenders (CML) has singled out HSBC for praise after the bank recently announced a move that could help with restoring confidence to the housing sector. - Indebted Britons 'face struggle this year'
Borrowers who rely on debt to manage their finances will find it increasingly difficult do so this year, a UK debt charity has predicted. - Car insurance costs have fallen this year
Car insurance premiums have not experienced the spike that experts had been predicting, new research reveals. - CML calls for fast action from Bank of England
The head of the Council of Mortgage Lenders (CML) has called for swift action from the Bank of England to remedy worsening conditions in the housing market. - Millions of Brits overcharged on household bills
Millions of Britons have received an incorrect household bill since the start of the year, a new study has revealed. - House prices set to fall 15% in two years
House prices are to set to slump by 15 per cent over the next years, a report from a US investment bank has predicted.
17/04/2008
- Homebuyers hammered by providers' 'crafty tactic'
Homebuyers are paying over the odds on their utility bills due to a "crafty tactic" on the part of providers, according to a price comparison site. - Cheshire scoops five star rating for home insurance policy
A home insurance policy from Cheshire Building Society has been awarded maximum marks from a market research firm. - Rates increased on Woolwich buy to let products
Buy to let investors have been dissuaded from applying for a home loan with Woolwich with the news that the lender has imposed rate increases. - Brits 'overpaying' by adding fees to mortgage
Britons who add fees to their mortgage are paying significantly more for the service than those who pay upfront, new research shows. - Cash-strapped Brits turn to financial websites
Cash-strapped Britons are likely to consult the internet in greater numbers this year in search of financial information, a new survey suggests. - Brits unsure of credit score
Millions of Britons are blissfully unaware of their credit worthiness despite the increasing difficulty they are likely to face this year in securing credit, a new study has shown. - Brits urged to come clean with insurers
Britons have been urged to resist the temptation to lie to their motor insurance provider in a bid to secure cheaper premiums. - Cost of first home has soared by 200%
The price of a first home has soared by 200 per cent over the last decade, new research reveals. - Savers benefiting from competition among banks
Competition among banks for retail deposits is continuing to benefit savers, a research company has revealed. - Pensions regulator to be granted new powers
The pensions regulator is to be granted new powers to enable it to offer greater protection to scheme members.
16/04/2008
- Brits unsure of credit score
Millions of Britons are blissfully unaware of their credit worthiness despite the increasing difficulty they are likely to face this year in securing credit, a new study has shown. - Card borrowers hit by higher APRs
The Office of Fair Trading's (OFT) decision to cap default charges on credit cards has backfired, new data suggests. - Abbey to pass on 0.25% cut in full
Abbey has confirmed that it is to pass on in full the benefit of last week's reduction to the key base rate of interest. - Insurance cover withdrawn for Terminal 5 passengers
Some of the UK's largest travel insurance providers have announced they will not be providing cover for lost baggage claims for travellers passing through Terminal 5. - Mortgage rates hiked by Halifax
Halifax, the UK's largest mortgage provider, has raised rates on its short-term fixed rate deals. - Shopping around for car insurance is 'more vital than ever'
The rising costs of running a car means that shopping around for the best car insurance deal is more vital than ever, it has been claimed. - Cash-strapped Brits cutting contributions to savings
Increasingly numbers of Britons are cutting back on their contributions to savings plans in the face of the worsening economic conditions, it has been revealed. - Number of IVAs set to double this year
The number of borrowers seeking individual voluntary arrangements (IVAs) is set to double this year, it has been predicted. - Bank and lenders finalising property sector plan
Relief could be on the way for home buyers following reports that the Bank of England is close to finalising a plan to alleviate conditions in the housing market.
15/04/2008
- Sneezing 'causes 2m car accidents per year'
UK drivers will risk car accidents and car insurance claims by sneezing at the wheel this summer, esure said today. - Apacs: Phishing increases, online security still lax
Rates of phishing - a form of online fraud which can lead to credit card details falling into the hands of thieves - are on the up, it has been claimed. - Food prices 'rising sharply'
The cost of food is rising at the fastest rate since 1991, the Daily Mail reports. - Rics reveals further housing gloom
The housing market slump accelerated last month with a record number of chartered surveyors witnessing a fall in property prices, according to a new survey - Brown announces inheritance tax plans
Gordon Brown has been urged to support reforms to inheritance tax advocated by prominent Labour MPs, academics, and trade unionists. - Coventry on the up
A prudent lending strategy has given Coventry Building Society a secure financial footing during the current credit crunch, according to chairman David Harding - NAEA claims housing market fundamentals strong
The chief executive of the National Association of Estate Agents (NAEA), which has around 10,000 members, has reaffirmed that "key factors" underpinning the housing market remain strong. - Recession virgins fear housing collapse
Almost one in four homeowners aged between 24-34 year-old are concerned about the threat of negative equity in 2008.
14/04/2008
- Uptake for Isas hits record levels
Deposits in the government's much trumpeted independent savings account (Isas) scheme have hit record levels, it has been revealed. - Post Office unveils online management tool for CTFs
The Post Office has launched a new online tool to enable savers with child trust funds (CTFs) to manage their money more easily. - Credit card providers urged to come clean
Credit card providers have been urged to come clean over the order of payments before regulations come into force later this year. - Brown calls on lenders to pass on cuts
The prime minister has called on lenders to pass on the benefit of cuts to the key base rate of interest in full. - Saga launches new fixed rate bond
Saga has bolstered its range of savings products with the launch of a new fixed rate bond. - South-west and south Wales to see off housing downturn
Sound fundamentals in the property markets in the south-west of England and southern Wales will help them avoid the worst of the slowdown in the housing sector, it has been predicted. - Crunch drives up cost of credit card borrowing
Along with homeowners, consumers who rely on credit cards are among the worst hit by the credit crunch, according to a price comparison site. - Most car vandalism happens on residential streets
British drivers may be surprised to learn that their car is most at risk from damage on residential streets. - Thousands of estate agents set to close
Estate agents have been warned to brace themselves for a slew of closures this year, as the slowdown in the property market continues.
11/04/2008
- Rebate due for Brits selling property in Spain
Britons who have sold property in Spain could be set for an unexpected windfall, following the discovery of a tax code error. - Tips to secure fixed rate mortgages
A credit rating agency has issued tips to homeowners set to come off fixed rate mortgages this year. - Consumers can no longer rely on cards
The impact of the credit crunch has made the need to save money from month to month even greater than ever, it has been claimed. - Switching bank accounts is "a stroll in the park"
Switching bank account is a "stroll in the park" compared with the exacting physical feats currently being undertaken by the over-50s, it has been claimed. - Brits pay out to repair damage caused by neighbours
Hundreds of thousands of Britons have been hit with a hefty bill to repair damage to their home caused by a neighbour's botched home improvements, it has been revealed. - Brits 'left to tackle high energy bills themselves'
Consumers struggling to pay energ bills have been urged to take remedial action themselves rather than rely on help from the government. - Holidaymakers urged to pack best-deal credit cards
Britons planning a break in Europe can limit the impact of the weak pound by making sure they use the best credit or debit card while they are away, according to a price comparison site. - Mortgages more costly despite rate cut
Two of the UK's largest mortgage lenders have raised repayment rates on their fixed rate deals, despite yesterday's rate cut from the Bank of England. - Extra cash pledged by energy companies
The UK's six largest fuel companies have agreed to increase funding for the social assistance programmes.
10/04/2008
- MoneyExpert.com comments on new Halifax card
Consumers tempted by the new Halifax All-in-One credit card have been urged to consider offers from other providers before taking the plunge. - Isa investors flock to emerging market and commodities funds
UK investors are taking chances when investing in independent savings accounts (Isas), according to data from Skipton Financial Services. - Halifax launches new "green" credit card
Consumers can help the environment while enjoying the convenience of paying by credit card with the launch of a new product from the Halifax. - First time buyers pooling funds
More and more first time buyers are clubbing together in order to buy a property, it has been claimed. - LV= home insurance issues sports gear storage warning
Homeowners who store costly sports equipment and personal possession in outbuildings have been urged to consider a home insurance policy that includes personal possessions cover. - Brits taking on debt to impress their peers
Millions of Britons are running up huge debts on credit cards and personal loans in the name of keeping up appearances, it has been revealed. - Lenders to pass on today's rate cut
Several of the UK's largest mortgage providers have confirmed they are to pass on today's cut to the base rate of interest in full. - Aid scheme for first time buyers is 'tokenistic', say Lib Dems
Government plans to help first time buyers with grants of £1,500 will do very little to alleviate their plight, according to the Liberal Democrats. - Insurer issues warning to homeowners
Millions of British households who employ help around the home could be placing themselves at an increased risk of theft, one of the UK's largest home insurance providers has warned.
09/04/2008
- HSBC in re-mortgage pledge
HSBC has thrown a lifeline to homeowners coming to the end of their fixed rate deals. - Brits urged to be vigilant over fraud
Consumers must be more vigilant in the fight against credit card fraud and identity theft, it has been claimed. - Abbey revamps esaver account
With competition hotting up between lenders for consumers cash, Abbey has improved the terms of its online bank account. - Companies warned over debt collection practices
The Office of Fair Trading (OFT) has taken action over companies alleged to have engaged in unsatisfactory debt collection practices. - Tips to beat the mortgage freeze
A consumer credit agency has issued tips to homeowners to help them beat conditions in the mortgage market. - Bradford & Bingley launches "market leading" bond
Bradford & Bingley has announced the launch of a new fixed rate bond for savers looking to insulate themselves against cuts in interest rates. - Prime country homes resisted large falls
The value of prime country house property is remaining relatively resilient to the slowdown in the property sector. - Road rage insurance cover is 'becoming more important'
With road rage incidents on the rise, motorists have been urged to consider a policy that includes cover for loss and injuries sustained in confrontations with other road users. - Student loans 'insulated from economic conditions'
Students can rest assured that repayments on student loans will not rise as a result of the credit crunch, according to the director of a students' charity.
08/04/2008
- Abbey withdraws 100% mortgages
Abbey is to withdraw its 100 per cent mortgage range, it has been confirmed. - House prices down 2.5% in March
UK house prices continued to fall last month, suggesting that conditions in the sector are worsening. - Alliance & Leicester launches new fixed-rate mortgages
Alliance & Leicester has launched a new range of residential and buy to let mortgage products. - Leeds Building Society targets savers
As competition for customers' savings hots up between lenders, Leeds Building Society has announced the launch of a new fixed rate independent savings account. - Brits' bank account details change hands for £5
The bank account details of Britons are being bought and sold online for as little as £5, it has been claimed. - £3m of grants to improve access to property market
New measures been announced to help first time buyers and low income groups with the costs of entering the housing market. - CML: Mortgage lending fell again in February
The number of mortgage approvals for house purchase fell again in February, new data from the Council of Mortgage Lenders (CML) shows. - Credit cards are now used in place of loans
Credit cards with zero per cent balance transfers are increasingly being seen as a cheaper alternative to personal loans, it has been claimed. - Bank of Scotland targets small businesses
Entrepreneurs have been alerted to the launch of a new business banking account which is designed to "bring consumer pricing to business banking".
07/04/2008
- "Never a better time to invest in Isa's"
There has never been a better time to invest in an independent savings account (Isa), a price comparison site has claimed. - Teens shun spending habits of parents
A new survey has revealed surprising results about the fiscal responsibility of the nation's teenagers. - Halifax joins rush to raise mortgage rates
HBOS subsidiary Halifax has become the latest UK lender to raise rates on its range of mortgages. - FSA to take a bite out of loan sharks
Loan sharks are to find it increasingly tougher to operate under new reforms announced by the government. - Allianz urges householders to consider legal expenses cover
Homeowners considering court action against noisy neighbours have been urged to consider adding legal expenses cover to their home insurance plan. - Credit card firms slashing limits
Credit card companies have cut the borrowing limits of 1.8 million customers over the last six months, it has been revealed. - Halifax targets switchers with new credit card
Halifax has announced the launch of a new card offering attractive terms for balance transfers. - Car buyers 'can save by shopping around for loans'
Britons who are planning to purchase a new car this year have been advised to survey all the car loan offers on the market before opting for a provider.
04/04/2008
- Scarborough revamps offers
Scarborough Building Society has announced it has revamped three of its financial products. - Cheaper homes hit worst by slowdown
The slowdown in the property market is disproportionately affecting the value of more affordable homes, it has been revealed. - Government urged to tighten up tenancy deposit scheme
There is still more work to be done to ensure the government's tenancy deposit protection scheme is a success, according to a leading debt charity. - Brits 'borrowed £21bn in unsecured loans in 2007'
Billions of pounds were borrowed by Britons last year in the form of unsecured loans, it has been revealed. - 25-year fixes growing in appeal
The appeal of long term fixed rate mortgages among Britons is on the increase, a new study has shown. - Carry out an insurance spring clean, insurer urges
Britons planning to spring clean their houses should use it as opportunity to check their homes are safe and secure, a leading home insurance provider has advised. - Smokers urged to own up to insurers
Smokers have been urged to resist the temptation to lie about their habit to life insurance providers. - Skipton springs into spring with new bond
Skipton has launched a brand new bond which it claims will put "a spring in savers' steps". - Middle Britain urged to cut spending
Middle class families have been urged to abandon perks of their lifestyles in favour of saving for the future or risk a grim retirement.
03/04/2008
- Lenders failing to stem repossession figures
Mortgage lenders have been slammed for failing to adequately assist homeowners whose properties are at risk of repossession. - Building societies dominate top 50 Isa offers
Over two-thirds of the 50 top yielding mini cash independent savings accounts (Isa's) are provided by building societies, it has been revealed. - Personal accounts to be a mixed blessing
Personal Accounts will prove a mixed blessing for Britons, according to the National Association of Pension Funds (NAPF). - Brits confess to pension savings concerns
A new survey has uncovered serious anxieties about pension savings among British investors in the face of a predicted economic downturn. - Top award for social lending website
An innovative social lending website has been awarded a top prize at an awards ceremony. - Save on upfront fees with Halifax Isa
Investors who deposit £4,000 in a Halifax stocks and shares independent savings account (Isa) rather than similar products from rivals can save an average of £171. - Triple whammy for tracker mortgage holders
Borrowers with tracker mortgages have been among the worst hit by the credit crunch, according to an independent financial data company. - Which: Millions still not switching energy provider
Millions of Britons are still failing to acknowledge the benefits of switching energy provider despite figures showing that the practice is becoming more widespread, a leading consumer magazine has claimed. - Co-operative Bank joins mortgage exodus
The Co-operative Bank has become the latest lender to cut its range of mortgages, it has been announced.
02/04/2008
- Parents urged to check home insurance in time for half-term
Parents have been warned to make sure their house insurance is up-to-date as half-term looms. - Moneysupermarket.com: Look for banks which manage account switch smoothly
Consumers considering changing their current account provider should seek out banks which pledge to manage the switch, a leading price comparison site has advised. - Mortgage lending 'slowed in February'
Mortgage approvals were down in February as evidence of a slowdown in the property sector continues to mount. - Personal loan repayment rates up to 11.4%
Repayment rates on personal loans have soared over the last three months, new data shows. - Remortgagers facing rate increase of 1.5%
Homeowners with fixed rate mortgage deals stand to be hit with an average 1.5 per cent repayment rate increase when they come to the end of their fixed term, it has been claimed. - Property investors not phased by market conditions
Property investors' confidence in the housing market remains strong despite evidence that the market is stagnating. - UK savers turning to building societies
More and more Britons are choosing to deposit their savings in building societies rather than banks, new figures suggest. - Brits neglecting pension schemes
The rising cost of living is limiting Britons ability to pay into pension schemes, new data suggests. - Numbers of energy switchers hit five-year high
The number of Brits switching energy providers hit a five-year high last year, new data from the UK energy watchdog shows. - First Direct suspends new mortgage lending
First Direct has become the latest lender to move to limit its mortgage lending in the face of the credit crunch.
01/04/2008
- Lehman to end lending at sub-prime subsidiaries?
Press reports have cast doubt over the future of Lehman Brothers operations in the UK mortgage sector. - Self select Isas growing in appeal
The appeal of independent savings accounts (Isas) which allow customers to exert more control over their investments are rapidly growing in appeal, a new survey has shown. - Study terms of credit cards when switching, says Sainsbury's
Consumers seeking to take advantage of zero per cent balance transfers when switching their debt between credit card providers have been urged to scrutinise the terms offered before they do so. - Annual house price growth slowed in February
The rate of annual house price inflation dropped during February, according to the latest figures from the Land Registry. - Islington residents pay UK's highest insurance premiums
Residents of the wealthy environs of Islington in north London pay out more for insurance than those of any other area of the UK, a new survey has found. - Regional divide in saving habits detected
A new study has revealed a regional divide in the financial habits of the nation as Britons face up to rising costs and deepening economic gloom. - The Coventry announces new cash Isa
The Coventry Building Society has confirmed the release of a new cash independent savings account (Isa) - Many youthful motorists driving uninsured
A significant proportion of young drivers are shunning car insurance, it has been revealed. - Co-op cuts rate on ethical credit card
The Co-operative Bank has cut the rate on its ethical think credit card to 12.9 per cent, it has been announced. - Construction activity stalls on property slowdown
Slowing in the property market has fuelled a downturn in construction activity during the first quarter, a new survey has shown.
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