Interest rate rises to 5.5 per cent - Published:22/12/07
As a number of charge and rate increases hits the credit card market, it is "more important than ever" that people supermarket around for a good deal, according to WhichInternet shoppers have been advised to use their credit cards for online purchases by shopsafecoukThe Bank of England's monetary rule committee (MPC) today voted to raise the base speed of interest when it held its monthly meetingnext the addition of a district per cent, the base rate now stands at 55 per cent, higher than in other western countries such as the US, where it is 525 per centThe move was made in an effort to curb rising inflation, which was exposed to have breached a three per cent upper limit in demonstrationFollowing that revelation, the governor of the Bank of England, Mervyn ruler, was required to write a letter of explanation to the chancellorThere have now been four interest rate rises in the past 12 months and some analysts are predicting that the base rate will stroke six per cent.
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Interest Rate Rises To 5.5 Per Cent >>
Britannia launches new products - Published:19/01/07
The Britannia building civilization is celebrating its 150th anniversary with the launch of several novel home loansThe mutual is offering two lifetime trackers for remortgagers and homebuyers, both at spirited rates The 150th Anniversary Remortgage Tracker offers know-how homebuyers the chance to get a base rate in addition 035 per cent mortgage for just £99 in arrangement costBritannia will waive the first free standard valuation for the mortgage, as well as providing free conveyancing and compulsory disbursementsunparalleled buyers and others may be paying attention in Britannia's alternative anniversary lifetime tracker, which offers a competitive follower of 025 per cent over the base rateHowever, unlike the remortgaging product, buyers will need to split out £499 in arrangement and administration cost, while valuation and standard rate conveyancing also applyMike Sims, senior marketing manager, supposed: "One hundred and fifty years is a important milestone for Britannia Building Society, especially given the spirited marketplace we operate in today"These products are a great chance for our members to join in our festivities, and customers can be confident of a competitive rate of interest as well as potentially benefiting from huge remortgage packages for as little as £99"MoneyExpert incomplete is authorised and regulated by the Financial Services Authority (FSA register No 301654) The Financial Services Authority does not regulate some forms of mortgage agreement, credit cards, personal loans,.
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Britannia Launches New Products >>
Bank charges up by fifth in three years warns report - Published:15/01/07
Bank charges have greater than before by a fifth in the last three years, research conducted by Defaqto has foundThe average punishment charge charged on unpaid standing orders, bounced cheques or direct debits has greater than before from £27 to £32 over the period, the report foundFollowing successful narrow action on lowering credit card charges to a utmost £12 earlier this year, the Office of Fair Trading is at present investigating the chargesDavid Black of Defaqto warned that if banks are banned from charging what they like, they may install coverlet charging for all current accounts, however"There are significant administration expenses involved in providing a present account service and the providers must not only cover these costs but also give a margin for profit," he said"Someone has to pay for the service, and in the container of accounts where banks do not charge a fee, it is those customers who go overdrawn and/or incur non-payment chargesclientele are unlikely to welcome action which results in millions more paying to access the best current financial records, even if the system is in the end fairer, he addedMoneyExpert Limited is authorised and regulated by the Financial military Authority (FSA Registration No 301654) The Financial Services power does not regulate some forms of mortgage contract, credit cards, individual loans, current accounts and.
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Bank Charges Up By Fifth In Three Years Warns Report >>
