Lloyds TSB launch Muslim business account by Finance News Bulletin
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Published: 06/12/07
As a number of fee and speed increases hits the credit card market, it is "more important than ever" that people shop around for a high-quality deal, according to WhichInternet shoppers have been advised to use their credit cards for online purchases by shopsafeco
ukLloyds TSB has become the first far above the ground street bank to launch an account meant at Muslim businessesThe store estimates that there are 100,000 Muslim companies operating in the UK and has made the account available in all twigs nationwideSharia law precludes Muslims from paying or receiving interest and does not allow for investment in unprincipled companies
Lloyds TSB have launched the account after conducting investigate that found three quarters of the UK's Muslims would be paying attention in such a manufactured goodsTruett Tate, spokeswoman for the bank, said that Britain "is fast establishing itself as a centre of Islamic finance"She additional: "By introducing an account for businesses, we’re consolidating our position as the UK’s leading provider of Islamic financial armed forces"Sharia is the a lawful framework which regulates public and private life for populace who follow Islam
It is not a strictly codified body of law, in its place operating as a system of
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Beware the mortgage best before date trap - Published:20/12/07
Borrowers could lose hundreds of pounds by signing up to a near to the ground rate mortgage deal with a 'skinny' end dateThe twilight Standard tries to draw a clearer picture of the UK property market: > Are house prices fallingLenders have been prearranged to repay unfair fees We have a full list of money owed >> get back mortgage feesGet an idea of some of the best mortgage interest rates on the market with our tables >> Mortgage ratesThis is where, for example, a two-year fixedrate loan taken out nowadays would end in September 2009 - a month previous than expectedSeveral lenders are guilty of the practice, which foliage borrowers out of pocket unless they are alert enough to remortgage right away to a better set or discounted rateKatie Tucker, spokeswoman at mortgage broker John Charcol, says: 'Borrowers often overlook the precise end date of a special speed deal when selecting a mortgage This can subsequently show costly if their mortgage transfers to the lender's standard changeable rate before they were expecting it'These days, mortgage arrangement cost on the best loan deals are steep,' she says 'If a borrower has to remortgage near the beginning because of a short end date they'll end up bearing cost, valuation costs and exit fees more often'Among the most horrible offenders is Bristol & West, owned by store of Ireland Its two-year fixed rates sprint until August 31, 2009, already almost two months short If it takes the characteristic borrower up to a month to complete on a mortgage, it could denote they end up with the rate for just 21 monthsCoventry Building civilization has a five-year fixed deal at 609% with a £999 fee But it is fixed only until September 30, 2012 And Newcastle structure Society has five-year fixed tax ending on September 30, 2009'Few lenders offer genuine two or five-year fixes because it means they are unrestricted and it is difficult to cost the risk,' says Melanie Bien, director at mortgage broker Savills confidential Finance 'Borrowers should be aware of these anomalies'According to James yarn, mortgage broker at London & Country Mortgages, the average borrower could lose hundreds of pounds by choosing a mortgage deal with a thin end date For example, if a proprietor with a £100,000 mortgage applies tomorrow for a two-year fixed speed with Bristol & West at 589%, it is unlikely the contract will total before the end of next month But the fix has an finish date of August 31, 2009This means that if the borrower reverts to paying the normal variable mortgage rate for three months after August 31, 2009, they will pay £355 more in sum than if they had signed up to a genuine two-year fasten Brokers say it is easy for homeowners to avoid the dangers linked with skinny finish dates by noting down the finish date of any mortgage dealHe says lenders contribution genuine two or five-year deals include Nationwide and Britannia structure societies Most generous is Abbey that has a two-year fix with an end day in February 2010University researcher steal from Webster, 30, and partner Elly Rowell, 27, an English educator, recently took out a twoyear fixed rate with Nationwide at 568% to buy their first home in Southampton, HampshireThough they did not choose the deal based on it being a genuine two-year fasten, Rob says it is good to know they have set outgoings for 24 months'I was conscious I should be looking out for catches with mortgage deals, usually things such as hidden cost and charges or sheer redemption penalties,' says Rob 'So the fact there is no short end date on our contract is good information, too'Mortgage rates could fall early next year, according to experts, which will approach as a relief to tens of thousands of cash-strapped borrowers looking to remortgageInflation information published last week by the administration showed that CPI - the Government's aim measure for inflation - remained static at 18% in September The Retail Prices Index measure of price rises, which includes mortgage payments, fell from 41% in imposing to 39% last monthThis is Money is packed with information, advice and tools that can assist you get ahead and save moneyMartin Gahbauer, senior economist at Nationwide Building civilization, says he predicts a quarter percentage tip cut in the Bank of England base rate in February 2008 with a further slash in August This would take the base speed to 525% by this time next yearHe says: 'It would seem we are at the top of this interest rate cycle, though you can never say never'While last week's price rises figures were encouraging, oil prices have inched higher This could denote there is further pressure on inflation in the tube'Experts say borrowers looking to remortgage should now seem at tracker or discounted variable rate deals This way, they can benefit if tax fall next day as predictedSelect a loan term 12 months (1 year) 24 months (2 existence 36 months (3 existence 48 months (4 existence 60 months (5 existence 72 months (6 existence 84 months (7 existence 96 months (8 existence 108 months (9 years) 120 months (10 years)Please choose a type of insurance Life insurance Home and contents Car stop working services physical condition - 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Read More: Beware The Mortgage Best Before Date Trap >>Rush for council tax rebates - Published:06/11/07
A television investigation into committee tax banding claims that millions of people may be able to maintain refunds due to incorrect billsHIDDEN VALUE: Homes may have been valued incorrectly for council tax, but rebanding claims could guide to bigger billsThe Tonight programme, to be exposed on ITV1 at 8pm tomorrow, will suggest that many properties - as far above the ground as 14% - could have been placed in the wrong council duty group in the early 1990sThe research was based on seven homes - one's banding was 'absolutely' wrong and another one was 'possibly' soBut homeowners are being warned that advertisement hoc claims for their council duty to be rebanded are unlikely to deliver windfalls - and they could even see their bill riseMost English and Scottish homes built more than 14 years ago were put into council duty bands in 1993 and have not been reassessed since But official figures show that since that occasion fewer than one in 20 homes have been found to be in too high a council tax bandMeanwhile, properties that have been extended or rehabilitated from their original design could find themselves moved up rather than down the tax bands and end up with better billsHouseholders may also be misled by the narrow appearance of the bands based on mid-1991 house cost valuations, when in today's conditions the headline band D is £62,000 from top to bottomThe council tax valuations was hurried in in a bid to scrap the controversial census tax as swiftly as possible, with estate agents deteriorating to inspect individual properties before placing them in a bandThese kerbside valuations led to some homes being placed in the incorrect band and householders have now been encouraged to challenge their council and reclaim the extra money paid since 1993But taxpayers could find that tentative challenges backfire and a reassessment seats them in a more expensive group, due to extra bedrooms, converted garages or loft conversions not having been in use into accountMeanwhile, although the bands may look narrow, when the effects of property price rises are factored in - using Nationwide Building Society's historic worth calculator - the negligible band ranges over almost £40,000 in today's terms, while the largest ranges over almost £500,000Because the bands broaden as valuations increase, those with the main homes and biggest council duty bills are least likely to discover that a revaluation will put them in a lower bandThe Valuations Office Agency said now 43%, or 903,000, of the 21m homes in England had their council tax band abridged since 1993A spokesman said: 'What we're looking at is that committee tax bands have been around over 14 years and in that time there has been a small amount of challenges that we have seen'It is not likely to be one in seven properties that are too far above the ground People do not need to have grounds to believe their group is incorrect It is not something to be entered into frivolously'The main cause for homes being located in the wrong council tax band is that they substantially differ from other properties in the same surrounding area, or have been converted from larger homesPeople who believe they may be in the incorrect band should check what neighbours in similar properties are paying and can employ a house price calculator to estimate their house's approximate value in 1991Banding appeals can be made online at the assessment place of work Agency, in England, or the Scottish Assessors Association, in Scotland on the other hand, home owners can write to their local authority's listing officer or assessorApplications should cite one of the bureaucrat reasons, found on the VOA wesbsite, why reassessment is suitable, or if householders have been in a property less than six months they can go through an official processchoose a loan term 12 months (1 day 24 months (2 years) 36 months (3 existence 48 months (4 existence 60 months (5 existence 72 months (6 existence 84 months (7 existence 96 months (8 existence 108 months (9 existence 120 months (10 years)Please select a type of insurance Life insurance house and contents Car Breakdown services Health - checkup Health -.
Read More: Rush For Council Tax Rebates >>Nationwide launches new investment bond - Published:30/11/06
[investments] [investment property] [instant tie [investment trusts] [offshore investment] [investment advice]The new guaranteed equity bond, will return the original asset plus ten per cent, or up to 55 per cent pf any enlargement in the FTSE 100, Nikkei 225 and DJ EuroSTOXX 50 indicesNationwide also offers an early investor gratuity for customers who invest in the tie, which increases any asset made between August 29th and October 21st 2006, by up to 055 per centClive Parkinson, managing manager of Nationwide savings, said: "The Nationwide guaranteed equity bond is ideal for those people who wish to take that first step towards becoming an investor"It enables them to advantage from the performance of some of the earth's top companies which are listed on the store markets of the UK, Europe and Japan, without taking any risks with their original capital and as long as the opportunity to receive even better returns"Nationwide provides a wide range of monetary services for its members, including credit cards, mortgages, personal loans, savings, savings and a number of banking.
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