Financial News Articles | Archive - January 2007

Burn's Night party planners urged to check their home insurance - Published:31/01/07

Scottish homeowners who are planning to join the be on fire's Night revelries have been urged to twice check the terms of their home insurance policy to ensure that they are enclosed in the occasion of an accident Burn's Night takes place every day ...

Beware monster mortgage fees - Published:31/01/07

News Companies & markets Investing Power collection Campaigns Mortgages & homesMortgage featuresInsurance Consumer advice Broadband & phones Retirement economy & banking Credit & loans Small commerce Tax & wills Message boards Money blog gear & calc...

Read More: Beware Monster Mortgage Fees >>

More financial education needed, says expert - Published:31/01/07

In order for people to become completely aware of the savings options available to them, more education is a need, according to a senior analyst at benefit management firm Hargreaves LansdownThere was not enough information on a series of key financ...

Banking customers advised to negotiate overdrafts in advance - Published:31/01/07

Banking clientele who expect to fall into the red this month could halve the height of interest accumulated if they arrange an overdraft with their monetary services provider beforehand, according to the latest figuresAnalysing figures from monetary...

House prices slip back £3,400 - Published:31/01/07

THE possessions mini-boom in the South of England, which has ambitious up prices across the country, is running out of steam, according to one of the most optimistic house cost surveysSLOWING DOWN: The interest rate rise, senior bills and the August...

Read More: House Prices Slip Back £3,400 >>

£8m homes left empty for years - Published:31/01/07

News Companies & markets Investing authority portfolio Campaigns Mortgages & homesMortgage featuresInsurance Consumer recommendation Broadband & phones Retirement Saving & banking praise & loans Small business Tax & wills Message boards cash blog To...

Read More: £8M Homes Left Empty For Years >>

Get your mortgage fees back - Published:31/01/07

Millions of borrowers are in line for refunds of up to £220 each after the monetary Services Authority's decision finally to take action on unfair mortgage fees Financial letters has been campaigning against the charges for almost three yearsWhen bo...

Read More: Get Your Mortgage Fees Back >>

Over half 'at risk' if they cannot work - Published:31/01/07

Due to the continuing rise of both council duty and utility bills, the Alliance & Leicester has found that over half of British people would not be able to cope financially if they were not capable to work for an extended amount of timeThe new inves...

Best savings accounts on the market - Published:31/01/07

How often you deposit, how often you withdraw and how huge a yield you are prepared to sacrifice to convenience will always mean that needs differTraditionally, variable rate accounts emotional only a supposed interest rate for the convenience of ge...

How bad is the crisis? - Published:31/01/07

Every daylight hours seems to bring fresh warnings that Britons will not have enough money to exist on when they retireBBC News examines the issues, and explores whether we are all fated to spend our old age in povertyIn a nutshell, there is not eno...

Insolvency experts warn of IVA over-selling - Published:31/01/07

Insolvency experts have warned that many populace are being pushed into accepting individual unpaid agreements (IVAs) when they are not suited for themIVAs let debtors whose borrowing has become unsustainable to have the same opinion with their cred...

Credit cards for online purchases - Published:31/01/07

The research, from UK payments friendship Apacs, also says that while online the credit card is ruler, people prefer to employ debit cards for everyday transactions, with debit cards making up almost two thirds of all plastic certificate purchasesSa...

Online loan protection offered - Published:31/01/07

A UK insurer is launching a new online manufactured goods that offers customers the opportunity to control the costs of payment protection insurance (PPI)PPI can wrap people who have taken out a loan, should they become unemployed, ill or injured fo...

Read More: Online Loan Protection Offered >>

Homeowners unruffled by rate rise says survey - Published:31/01/07

Despite piercing complaints from lobbyists and fevered media speculation on the next move, most Britons say that they are entirely unchanged by the recent interest rate riseAlmost four-fifths of mortgage holders – 78 per cent – speak that their fina...

Leeds Building Society launches Saver Access Plus fourth edition - Published:31/01/07

wwwmoneynewscouk > Banking > Leeds structure Society launches Saver Access Plus fourth editionThe Leeds structure Society Saver Access Plus fourth edition has been launched which is supposed to combine "a huge rate of interest with instant access"Cu...

Economic strength is good for investments, analyst indicates - Published:30/01/07

assets] asset property] [instant bond] asset trusts] [offshore investment] asset advice]The continuing strength of the financial system means that equity investments are continuing to perform well in the store market, it has been claimedTed Scott, m...

Post Office PPI could be cheaper - Published:30/01/07

Customers could be in line to create big savings if they button their payment protection insurance (PPI) to the Post OfficeAccording to the Post Office, shopping around for a better contract is in the best interests of the consumer, as at there, som...

Read More: Post Office Ppi Could Be Cheaper >>

Norwich Union: Wet conditions worse for accidents - Published:30/01/07

Perhaps unsurprisingly, accidents that occur in damp conditions on Britain's roads cost more than those that take place when the climate is rain-free, according to Norwich UnionThe average cost of damp weather accidents is 27 per cent more than dry ...

How much is your house worth? - Published:30/01/07

home prices have soared by a £17,000 in Northern Ireland over the history three months thanks to its successful economy and a continuing boom in investmentWHERE'S HOT The latest local house cost study from nationwide reveals Britain's property hotsp...

Read More: How Much Is Your House Worth? >>

Britannia mortgage 'is just a click away' - Published:30/01/07

A Britannia mortgage is now just a click absent thanks to the launch of a novel online application process that allows borrowers to apply for novel mortgage or switch from their existing one from the comfort of their own homeThrough the new service ...

Internet banking providers told that men are more PC-savvy - Published:30/01/07

Men are more familiar to using computers on a regular basis, according to a novel research, which could be of interest to monetary services providers that offer online banking facilitiesResearch from online payment safety specialist PayPal has shown...

Homeloans hit another record - Published:30/01/07

Homeowners borrowed a evidence monthly amount again in September, but mortgage lending slipped back somewhat from the previous month according to figures released todayhouse SWEET house: Mortgage lending hit another monthly record in September but s...

Read More: Homeloans Hit Another Record >>

Borrowing more could be cheaper - Published:30/01/07

Taking out better loans could actually work out cheaper for consumers in the extended term, according to new research conducted by the consumer finance site Findcoukconnecting to the personal loans market, Findcouk discovered that in universal, it w...

Read More: Borrowing More Could Be Cheaper >>

Billions in bonuses paid out this weekend - Published:30/01/07

This weekend is shaping up to see a bonus top prize worth around £19 billion for one in three far above the ground earners in the UK, according to Barclays BankThe survey into annual bonus action was conducted by Barclays wealth's international pers...

Divorcees Reliant On Loans To Make Ends Meet - Published:30/01/07

Getting divorced can be a demanding enough situation, but the problems don’t finish once the marriage does For many divorcees this is just the start of many evils to come, in particular financial evilsCouples that get divorced find themselves losing...

When To Get Help From An IFA - Published:30/01/07

The assorted Fool's raison d'être is, and always has been, to give populace the information they need to improve their money We show people that managing your money is actually quite easy once you strip absent the confusing jargon We give you the in...

Read More: When To Get Help From An Ifa >>

End of the line for loan sharks? - Published:30/01/07

Loan sharks could find their days numbered if administration proposals to help people find credit are winningDavid Blunkett, secretary of condition for work and pensions, has announced that £36 million will be allocated to the Growth Fund to boost p...

Read More: End Of The Line For Loan Sharks? >>

Britannia launches two new mortgages - Published:30/01/07

Britannia Building Society is offering customers two novel mortgages to put in to their existing product rangeThe Britannia fixed-rate mortgages are available at a market-leading 464 per cent interest speed, which represents a decrease in 40 foundat...

New multi-asset investments fund explained - Published:30/01/07

assets] asset property] [instant bond] asset trusts] [offshore investment] asset advice]Investments specialists M&G Investments has announced particulars of a new finance that it proposes to introduce in late February 2007, subject to approval by th...

Confusion over share houses - Published:30/01/07

Canny parents who spotted the chance to profit from their child's stay at institution of higher education have been one of the great property success stories of recent eraRising house prices, guaranteed rents and an enviable degree of manage over te...

Read More: Confusion Over Share Houses >>

Your rights with bailiffs - Published:30/01/07

With fines and debts worth millions of pounds going voluntary every day, bailiffs are busy as never before BBC News examines what you do and what rights you have when a bailiff knocks on your doorIf you are having evils paying a fine, get in touch w...

Building society launches 4.5 Per Cent gross interest rate for current account - Published:30/01/07

Norwich &Peterborough Building Society has unveiled a novel top-end interest rate for people who regularly add significant sums of money into their current accountThe new 45 per cent disgusting interest rate for the Gold present Account is applicabl...

Alliance & Leicester car insurance 'doesn't live up to reputation' - Published:19/01/07

wwwmoneynewscouk > Insurance > Alliance & Leicester railway wagon insurance 'doesn't live up to reputation'A leading car cover expert has expressed his disappointment at coalition & Leicester's recently launched offerPeter Gerrard, cover researcher ...

Nationwide improves rates on savings - Published:19/01/07

savings [investment property] [instant bond] [investment trusts] [offshore investment] [investment advice]The move has been made next the Bank of England's recent decision to rate the bottom rate by 025 per cent to 475 per centIn line with this, all...

NatWest Welcome Account is first for Poles - Published:19/01/07

NatWest has launched the first dedicated Polish bank explanation in Britain, allowing Polish-speaking migrants livelihood and working in this country to transfer money to their families at homeThe NatWest greeting Account will be delivered and suppo...

NatWest offers Polish online banking services for 1st time - Published:19/01/07

NatWest has officially launched the first UK explanation to have all major services translated into Polish, counting provision for Polish online banking clientele in their own languageThe NatWest Welcome account, which has a monthly accuse of £2, is...

Increase in bike theft makes insurance essential - Published:19/01/07

The figure of bikes being stolen has risen by almost ten per cent in the last five natural life making insurance even more vital to protect against lossAccording to Home place of work figures, nearly not whole a million bikes are stolen annually in ...

Cheap fixed rate mortgages disappearing - Published:19/01/07

A number of leading mortgage lenders are moving back their fixed-rate offers from the marketplace as speculation mounts that a further hike in interest rates could be around the bendAccording to the financial information website Moneyfactscouk, 12 b...

Costs of breaking up harsh says A&L - Published:19/01/07

The end of a long-term relationship can strike your wallet as hard as it hits your heart says investigate by Alliance & LeicesterThe survey found that the standard cost of re-establishing a life exterior of a relationship averages £13,500 per associ...

Fund manager explains approach for finding appreciating investments - Published:19/01/07

assets] asset property] [instant bond] asset trusts] [offshore investment] asset advice]The person accountable for a fund that has offered double the average homecoming on investment this year has explained how he selects appreciating assetsJanuary ...

Having the guts to fix the crisis - Published:19/01/07

How the UK tackles the impending retirement fund crisis is now a major topic of discussion But will anyone have the guts to fix it in 2005 In the first of a two-part series, Joanne Segars, representing cover firms, outlines the industry's priorities...

Adverse Credit Mortgages Are Second Largest Specialist Group In 2005 - Published:19/01/07

A new report has been released showing that in 2005 adverse credit mortgages made up the moment largest specialist lending group after pay money for to let mortgages Over five percent of sum mortgage borrowing was by adverse credit consumers in 2005...

Cost of living plunges disabled into debt crisis - Published:19/01/07

stable increases in the cost of living have resulted in disabled people sliding into serious debt, according to a new account by disabled charity Leonard CheshireThe account estimates that nine out of ten disabled people with money owing problems re...

Mortgages to become less affordable warns experts - Published:19/01/07

increasing interest rates could lead to property and mortgages to become less affordable, according to comments from an specialistPeople on average earnings buying average properties could find they spend not whole their take home pay on mortgage in...

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...

Read More: Britannia Launches New Products >>

Morgan Stanley set for China advantage - Published:19/01/07

All era are London time Search News in the FTcom siteSearchSearch Quotes in the FTcom siteQuotesCOMPANIES monetary servicesBreadcrumb trail navigation:FT house > Companies > By sector > Financial servicesMorgan Stanley set for porcelain advantageMor...

The without-profits funds - Published:18/01/07

Anyone still clutching a mortgage endowment might have hoped that payouts would start increasing again, especially as the stock marketplace has been rising with scarcely a pause for almost four yearsSo they will have been sadly disappointed by figur...

Yorkshire Building Society plans 15 more banking sites - Published:18/01/07

Yorkshire structure Society has unveiled plans to open 15 new far above the ground street banking branches over the course of the next three yearsThe financial services supplier currently operates 131 sites and 75 agencies across the UK and plans to...

Financial services provider warns about hidden charges on some mortgage products - Published:18/01/07

Homeowners who are looking to find a remortgage have again been urged to check the small print for hidden cost to ensure they do not miss out on savings The recommendation follows HSBC's announcement that it is introducing a new five-year fixed rate...

HBOS cuts back credit card offer - Published:18/01/07

Halifax is to slash the zero per cent offer on its 'One' credit card in the latest example of a company clawing back an preliminary offerOnce one of the most competitive cards on the market, Halifax is now to cut its nothing interest rate offer for ...

Read More: Hbos Cuts Back Credit Card Offer >>

How to win the rate rise war - Published:18/01/07

The shock go up in Bank of England base rate is a call to action for savers and borrowers Tony Hazell and Sylvia Morris explain how to manage with your mortgage and reap the utmost rewards from your savingsSTRIKE IT RICH: thrashing the rate rise won...

Read More: How To Win The Rate Rise War >>

Alliance & Leicester two-year fixed-rate mortgages launched - Published:18/01/07

Alliance & Leicester has announced the introduction of two new mortgages following the Bank of England's decision to lift the base rate by 025 per centThe rate of the coalition & Leicester Two-Year Fixed FeeSaver mortgage was decreased by 005 per ce...

Scarborough Building Society Guaranteed Bond introduced - Published:18/01/07

wwwmoneynewscouk > General finance > Scarborough structure Society Guaranteed Bond introducedThe Scarborough structure Society Guaranteed Bond has been launched which guarantees that customers see a 'spirited' rate for at least two yearsAn interest ...

The never-ending mortgage - Published:18/01/07

PARENTS will be able to leave their house loans to their children under a radical campaigning of the mortgage industry starting todayIn a revolutionary move, homeowners would never require to pay back a single penny of their mortgage before they die...

A Monster Guide To Student Finances - Published:18/01/07

You know all those habits your parents have that irritate you so much The ones that make you desperate to get out of the house and into student accommodation Well, one day you could be droning annoying songs just like your pa does One of my colleagu...

Britons admit to failing on savings - Published:18/01/07

Almost three quarters of Britons, or 72 per cent, speak that they are failing to save enough cash for the future, a new IFA Promotion census has shownAround eight million of those who admitted to failing to plan ahead supposed that they enjoyed spen...

Watch the 125% mortgage trap - Published:18/01/07

First-time buyers taking enormous mortgages that are larger than the value of their house could wait five years before they break evenMIND THE hole: Take out a 125% mortgage and you could be waiting more than five years for it to be value your loanA...

Read More: Watch The 125% Mortgage Trap >>

More bad loans predicted for the early part of 2007 - Published:18/01/07

A figure of banks and building societies in the UK are predicting that there will be a rise in bad debts and loans in the first quarter of 2007 The situation with awful debts has already spiralled out of control according to some experts, with some ...

Paedophiles face credit card cancellation - Published:18/01/07

People who disburse for child porn online can now have their praise and debit cards cancelled under changes to the rule, the government has announcedThe cancellation of cards will be left to the carefulness of banking providers The industry has welc...

Britons targeted for credit card fraud, figures show - Published:18/01/07

CREDIT CARDS LOW speed CREDIT CARDSSTUDENT CREDIT CARDS0% APR CREDIT CARDSCREDIT CARDS ONLINEBALANCE TRANSFERSBritain has become the European amalgamation capital for credit card offence, a study from the European Security Transport organization has...

UK house prices see 'strong' rise - Published:17/01/07

home prices were "unseasonably strong" in September, shrugging off August's rate rise, the Nationwide saysThe building society's accommodation survey found that prices rose by 13% during the month, copying the yearly rate of growth to 82%The gain - ...

Warning for overseas mortgage hunters - Published:17/01/07

Britons looking to find a mortgage overseas have been warned to carefully consider the possible consequencesUK mortgage hunters should use the same care they would when searching for a property in Britain, claimed Kate Hamilton, editor of Homes abro...

Best fixed-rate mortgages axed - Published:17/01/07

Homeowners facing increased mortgage repayments following the shock have an account rate rise have been strike by a double whammy - with lenders pulling the plug on the best set ratesSo far, 12 lenders – mostly building societies - have either axed ...

Read More: Best Fixed-Rate Mortgages Axed >>

Financial services provider unveils new specialist mortgage deals - Published:17/01/07

Financial services provider Alliance & Leicester has unveiled particulars of its new fixed-rate specialist mortgage offeringsAmong the goods now on offer, the mortgage supplier presents a buy to let mortgage, which tracks the bottom rate for the fir...

New investment option from Nationwide - Published:17/01/07

[investments] [investment property] immediate bond] [investment trusts] [offshore investment] [investment advice]The company guarantees that the option will homecoming the original investment, with an additional ten per cent or 55 per cent of any gr...

Health service pension shake-up - Published:17/01/07

More than 13 million health workers are to see the height of their pension contributions change as part of a plan to wrap a cash and payout shortfallUnder the changes, porters, cleaners and other poorly paid health service workers in England and Wal...

Read More: Health Service Pension Shake-Up >>

Mortgage approvals still strong - Published:17/01/07

The figure of new mortgages being approved for buying a house is still strong, according to the British Bankers organization (BBA)In August, 71,000 novel mortgages were granted to UK house buyers by the main banks represented by the BBAThis suggests...

Read More: Mortgage Approvals Still Strong >>

Pay off your mortgage early - Published:17/01/07

Investing & markets Mortgages & homes Saving & banking Money savers Credit & loans cover Broadband & phones Retirement Tax advice little businessPaying off your mortgage early is one of the best savings you can make Borrowing heavily makes sense in ...

Read More: Pay Off Your Mortgage Early >>

Credit card best rates creep up - Published:17/01/07

praise card rates are creeping upwards, but this may nonetheless be a high-quality thing for consumers, say analystsTo compare credit cards, the average most excellent rate has risen from 1490 to 1504 per cent over the last two monthsThe increase me...

Read More: Credit Card Best Rates Creep Up >>

The Average Brit Is 15 Days Away From "Financial Meltdown" - Published:17/01/07

New research just published indicates that, if they were to lose their work or be unable to work during the Christmas festive season, the average UK family is now a mere 15 existence away from financial meltdownDespite the fact that the standard UK ...

Major shake-up predicted in mortgage market as new lenders enter - Published:17/01/07

Analysts are predicting a major campaigning in the mortgage market as several new lenders get ready to make a major move into the sectorThe sudden rush is predicted to advantage consumers, and is already being compared to the late eighties when lend...

5% property value rise expected - Published:16/01/07

UK house prices are predicted to go up by as much as five per cent this day, driven by a strong financial system, good employment figures and limited supplyA report from Nationwide suggests that home prices will grow by more than initially expected ...

Read More: 5% Property Value Rise Expected >>

Standard variable rate mortgages increased in 2006, study reveals - Published:16/01/07

Standard variable rates increased as a whole during the route of 2006, according to the newest figuresMany homeowners end up on standard changeable rate mortgages when their limited-term mortgage offer expiresBecause they typically proffer less attr...

Property Prices Still On The Rise In The UK - Published:16/01/07

In the light of the new interest rate hike of 025% announced by the Bank of England, a learn had exposed that house prices in the UK are also on the rise, resulting in a double whammy for those annoying to get on the property ladder info that were r...

Alliance & Leicester cut rates for prime mortgages - Published:16/01/07

Alliance and Leicester, one of the major UK monetary groups, has announced cuts to its variety of prime mortgages The goods to be affected include the A&L two-year fixed rate mortgage, the five-year fixed-rate mortgage and the two-year bottom rate ...

kids cost lots this summer - Published:16/01/07

Kids will drainpipe an average of £1,800 from their parents' present or savings accounts over the summer holidays, according to the latest info from Morgan StanleyThis is because parents spend more than £300 a week during the summer holidays in comm...

Read More: Kids Cost Lots This Summer >>

Plenty of business for the PPF - Published:16/01/07

The Pension Protection finance (PPF) has taken on 40 insolvent pension schemes in less than a yearIt opened for commerce last April to save pension funds which have been left with holes in their money by insolvent employersLast Friday, the retiremen...

Read More: Plenty Of Business For The Ppf >>

OFT dashes hopes on overdraft fees - Published:16/01/07

The place of work of Fair Trading (OFT) has dashed the hopes of many by announcing that it will not apply its ruling on "unlawful" penalty cost to overdraftsBanks and other credit card providers have been told by the OFT that the fees they accuse fo...

Hard reality of housing yet to puncture youthful bubble says survey - Published:16/01/07

The hard reality of the modern housing marketplace has yet to injure the youthful optimism of the younger generation, new research from IFA Promotions has foundin spite of 58 million adults saying that the property ladder remains out of their arrive...

First-time buyers expect help from parents, study shows - Published:16/01/07

First-time buyers expect help from their parents when annoying to find a mortgage, according to new researchFuture buyers are livelihood at home for longer to save money, but also wait for parents to provide the with funds to find a mortgage, the le...

Debt now main incentive to abandon university says survey - Published:16/01/07

Half of all students who dump their university programme before sitting their final exams now speak that high levels of debt are their main motivation, says novel researchThe figure shows the impact that money owing is having on students in the UK, ...

banks increasing charges - Published:16/01/07

Banks and structure societies have increased charges by up to 20 per cent on average in the history three yearsAccording to a new account released by Defaqto, average penalties for bounced cheques, unpaid standing instructions or direct debits are n...

Windfall blow for long-termers - Published:15/01/07

Long-standing Norwich Union policyholders may take delivery of smaller windfalls than those who bought tactics more recently, if the proposed distribution of the insurer's £4bn of inherited estate - the extra in its with-profits finance - goes ahead...

Read More: Windfall Blow For Long-Termers >>

Government's mortgage solution half-hearted, analyst warns - Published:15/01/07

The government's novel scheme to help first-time buyers to find a mortgage which they can afford is a "half-hearted" solution to the problem, an specialist has claimedAlthough the scheme will assist many first-time buyers to find a mortgage, the sha...

Banks 'best' for mortgages - Published:15/01/07

Mortgage-seekers are being urged to centre on the offerings of banks following research undertaken by independent financial information collection and research corporation DefaqtoDefaqto has stressed the importance of shopping around for a mortgage ...

Read More: Banks 'Best' For Mortgages >>

House prices will fall in 2007, says expert - Published:15/01/07

House prices are set to drop during the coming year due to an increase in the number of properties obtainable for purchase, according to the creator of property website PrimeMoveHenry Prior told BBC Radio 4's Today agenda that record house prices wi...

Consumer Spending To Fall With Possibility Further Interest Rate Rises - Published:15/01/07

A general fear that profligacy by Brits over the Christmas and New Year period will not help to manage UK price rises, and after the Bank of England raised interest rates twice late last year to 5%, a novel report by HBOS indicates that Brits are no...

Honesty is the best policy, says Alliance & Leicester - Published:15/01/07

People should take an honest viewpoint of their spending habits and lifestyle to decide how to effectively plan for their financial prospect, according to a spokesperson for Alliance & LeicesterSteve Gracey supposed that individuals must judge wheth...

Alliance Trust says pensions not as important for twentysomethings - Published:15/01/07

wwwmoneynewscouk > Pensions > coalition Trust says pensions not as significant for twentysomethingsSaving for a pension is not as significant to people in their 20s as paying off amount overdue and getting on the possessions ladder, new research sug...

Sipps to be hit by new way of valuing shareholdings - Published:15/01/07

All occasions are London occasion Search News in the FTcom siteSearchSearch Quotes in the FTcom siteQuotes Your moneyBreadcrumb follow navigation:FT house > Your moneyEDITOR’S CHOICEWatchdog says companies understate obligationsBT pension fund in fu...

The Norwich and Peterborough offset tracker mortgages launched - Published:15/01/07

wwwmoneynewscouk > Mortgages > The Norwich and Peterborough offset follower mortgages launchedNorwich and Peterborough Building civilization has added two new offset follower mortgages to its product range which are available immediatelyBoth of the ...

Homeowners unruffled by rate rise says survey - Published:15/01/07

Despite shrill complaints from lobbyists and fevered media conjecture on the next move, most Britons say that they are entirely unaffected by the recent interest speed riseAlmost four-fifths of mortgage holders – 78 per cent – say that their money a...

More rate rises possible, mortgage provider claims - Published:15/01/07

The Bank of England could opt to raise the bottom rate of interest again in 2006, a mortgage expert has claimedDrew Wotherspoon, an expert at mortgage provider John Charcol, believes that one more move is possible within the yearMr Wotherspoon's vie...

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 £3...

New ING Direct mortgages launched - Published:15/01/07

The savings bank ING Direct has introduced two mortgages to the marketplace in a bid to end the uncertainty that environs banking jargonA fixed rate and flexible mortgage will be added to ING Direct's mortgage collection and the bank has laid down a...

autumn housing market "unseasonably warm" - Published:14/01/07

The housing market remained "unseasonably temperate" in September as house prices grew by 13 per cent, according to new info from NationwideThe group's monthly directory showed that this month's growth was better than the 08 per cent increase the ma...

Banks found to offer cheapest mortgage rates - Published:14/01/07

Banks offered the cheapest standard variable mortgage tax in 2006, according to the latest info, in news that is sure to interest homeowners across the UKAccording to an independent monetary study from research company Defaqto, the cheapest mortgage...

Homeowners hit by dual tax - Published:14/01/07

Millions of homeowners countenance a 'double whammy' of taxes from the soaring property marketplace, a report warns todayMore than 25m homes in England have been caught in Gordon Brown's senior stamp responsibility trap since 1997, according to the ...

Read More: Homeowners Hit By Dual Tax >>

Alliance & Leicester mobile phone banking to be launched - Published:14/01/07

Alliance & Leicester has declared its intention of introducing movable phone banking at the beginning of next yearsprint via the Monilink network, Alliance & Leicester mobile phone banking will let customers to gain access to their present accounts ...

Abbey raises savings rates - Published:14/01/07

Abbey has announced that its increased savings interest will approach into effect on December 1st 2006Following the have an account of England's decision to lift the base rate in early November, Abbey will boost the rates on its range of savings acc...

Read More: Abbey Raises Savings Rates >>

Poor financial advice driving UK savings gap, says report - Published:14/01/07

awful financial advice - and people who become scared off investing as a result of taking bad recommendation - are being blamed for shortfalls in UK savings and asset ratesMore than two fifths of adults in the UK speak that they have received bad fi...

First-time buyers in record debt - Published:14/01/07

First-time home buyers are risking monetary meltdown by taking on evidence loans averaging £110,500Spiralling house prices mean young adults are now forced to borrow 324 times their annual profits - or even more - to get a foot on the property ladde...

Read More: First-Time Buyers In Record Debt >>

OFT investigates Payment Protection Insurance - Published:14/01/07

The Office of Fair Trading (OFT) is to open an investigation into Payment Protection Insurance (PPI) schemes, frequently packaged with credit and loansPPI is often full as an added extra to homeowner loans, mortgages, credit cards and other forms of...

parents urged to ensure students are covered - Published:14/01/07

Parents are being called upon to create sure that their children are covered when they go absent to university next monthNew research shows that student thefts are becoming more and more common and are costing an approximate £126 million a yearAlmos...

Government figures show house price bounce - Published:14/01/07

A series of reports have all indicated strong house cost growth in December, with the latest official info showing price rises of 29 per cent compared to December 2004The newest place of work of Deputy Prime Minister figures released this week adds ...

Mortgages hit new record in June - Published:14/01/07

Mortgage lending grew to ever more record-breaking levels over the course of June, beating a total £205 billion, the British Banking Association (BBA) has announcedNet mortgage lending (the sum minus repayments and redemptions was up £56 billion, co...

Read More: Mortgages Hit New Record In June >>

Beat the rate rise - Published:13/01/07

The Bank of England's unexpected hike in interest tax has put many households under increased financial pressureDon't fail to spot your chance to tell us what you think of This is Money and assist us shape its futureSorting your finances is simple, ...

Nationwide predicts house price rise in 2007 - Published:13/01/07

The cost of the average property in the UK will fly by £14,000 next year should inflation reach eight per cent, according to Nationwide Building SocietyAn average home in Britain is at present £172,185, meaning that should the prediction become a re...

Remortgage to beat the rise - Published:13/01/07

Thousands of people will be looking to remortgage after the surprise bank rate rise but the million dollar question is: Where to turnDon't fail to spot your chance to tell us what you think of This is Money and help us shape its futureSorting your f...

Read More: Remortgage To Beat The Rise >>

HSBC celebrates business internet banking service - Published:13/01/07

HSBC has announced that its commerce internet banking service has now been available for five yearsThe internet banking service, which was launched in December 2001, was "groundbreaking" when shaped, improving productivity and reducing waiting time ...

Newcastle Building Society Guaranteed Property Bond launched - Published:13/01/07

wwwmoneynewscouk > General finance > Newcastle Building Society certain Property Bond launchedThe Newcastle Building Society certain Property Bond has been launched which has a five-year term and its performance is linked directly to enlargement tha...

Adults in the UK heed friends' finance advice above their fashion sense - Published:13/01/07

People in the UK are more probable to ask their friends about the best rates of finance than whether their bums, do, indeed, seem big in this, says a new Alliance & Leicester surveyAlmost a quarter of adults in the UK supposed that they would ask th...

UK experiencing a savings boom - Published:13/01/07

Recent research indicates that UK earners are heeding administration and consumer watchdog warnings over money owing and saving moreThe Building Societies Association figures for September reveal evidence inflows into savings accounts for the third ...

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Pension reform is right, says insurance group - Published:13/01/07

The Association of British Insurers is expressing hold up of the reform of the pensions system, calling on the government to do more to encourage pensions savings among UK labourA new report from the organization of British Insurers finds that milli...

Finance advisors warn on balance transfer small print - Published:13/01/07

Finance advisors have warned borrowers to rub the fine print on zero per cent balance move cards or risk facing unforeseen costsThe report warned that the headline rate may not tell the whole story, particularly if a certificate is used for purchase...

Some day my son, all these mortgage payments will be yours - Published:13/01/07

Desperate would-be homeowners are being offered a radical novel option to get on to the property steps – the chance to get their future grandchildren to pay off their mortgageThe interest-only "deathbed mortgage" issued by Kent dependence has an eff...

Millions of drivers will not shun their cars, says swiftcover - Published:13/01/07

wwwmoneynewscouk > universal finance > Millions of drivers will not shun their cars, says swiftcoverAs discuss over climate change intensifies, 132 million UK drivers have announced they would not decrease their car usage, investigate by swiftcover ...

Personal insolvency figures rocket - Published:13/01/07

The number of persons filing for personal insolvency in the UK has skyrocketed, administration figures have revealedThere were 12,043 bankruptcies in the third quarter of 2005, an increase of 30 per cent on the same period of 2004, and 5,519 individ...

new bomads 'reliant on parents' - Published:13/01/07

Parents expecting to be monetarily free once their children turn 18 are in for a shock, according to a new studyWith A Level marks just announced and many 18-year-olds planning to start university or enter the workplace, novel research suggests that...

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Mortgages for the ethically minded - Published:12/01/07

‘Going Green’ is one of the main phenomena of recent times Whether it is your electricity, clothes or food choices, many people are thinking morally with their money As of yet, the trend has not spread to financial military products, particularly m...

Tesco Health Insurance launched - Published:12/01/07

Tesco Health Insurance is to launch in a move that is set to shake-up drop the hyphen the whole private medical insurance marketplace because the prices it will offer are undercutting most providersFor anyone under the age of 76, Tesco Health Insura...

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Post Office Instant Saver increases interest rate - Published:12/01/07

The Post Office Instant investor has been immediately affected by nowadays's Bank of England base rate hike, seeing an increase in the rate obtainable to customersAn increase of a quarter of a per cent puts the Post Office Instant Saver's new rate a...

Consumers advised to play cards right at World Cup - Published:12/01/07

Nationwide said that football-mad Brits are probable to spend as much as £1,400 each on a trip to Germany for the finals this summer – most of which will be put on short term loans and praise cardsThe building society suggested several tips to avoid...

Balance transfer fees waived on cards - Published:12/01/07

Yorkshire have an account and Clydesdale have an account customers are set to benefit from the waiving of balance transfer cost on credit cards until the end of FebruaryFor those wishing to move their existing credit card equilibrium to either of th...

Lloyds TSB warns of Xmas fire threat - Published:12/01/07

The biggest threat to the perfect relations Christmas will be home fires, according to Lloyds TSB Insurance, as candles and faulty fairy lights could potentially cause misery this festive periodResearch approved out by Lloyds TSB Insurance shows tha...

HSBC Green Sale five-year fixed-rate mortgage introduced - Published:12/01/07

Forming part of HSBC's Green auction, a "market-leading" five-year fixed-rate mortgage has been launched by the bankThe HSBC emerald Sale five-year fixed-speed mortgage comes with an interest speed of 517 per cent, reverting to 625 per cent changeab...

Halifax announces new fixed-rate products - Published:12/01/07

Halifax has announced novel fixed-rate mortgage products designed to help both unparalleled buyers and those looking to advance up the property ladderWith experts predicting that the have an account of England may lift interest rates again in the ne...

Quarter of an hour to sort out finances - Published:12/01/07

A third of people in the UK are not paying enough attention to their financial situation, yet the insurance definite Axa claims that just 15 notes a week can be beneficialIt has been found through research by Axa that around 124 million Britons are ...

three quarters of prospective homebuyers 'in the red' - Published:12/01/07

Some 75 per cent of those people looking to spend in bricks and mortar in the next two years have average debts of nearly £6,000A survey carried out by coalition & Leicester showed that on average men have more money owing than women, with amount ov...

N&P offers the best savings account rate - Published:12/01/07

A third of people have no idea whether or not they have invested in the best investments account rate, says a survey by Norwich and Peterborough structure societyOf the 81 per cent of respondents who said they had one or more savings accounts, 33 pe...

TUC pension warning - Published:12/01/07

The government is under pressure to water down one of the key features of its pale Paper on pension reform, the TUC has allegedThe trade amalgamation organisation says some employers are lobbying for a one-year qualifying period before staff can joi...

First-time buyers at their highest level since December 2002 - Published:12/01/07

Figures free recently by the Council of Mortgage Lenders (CML) would seem to indicate that all those stories you’ve been hearing for years about unparalleled home buyers not being able to afford to get on the UK accommodation ladder may now be an ol...

Has The Time Come To Fix My UK Home Mortgage Loan Rate? - Published:12/01/07

With the somewhat surprising recently announced go up in the UK base rate affecting UK homeowners with buoyant rate mortgages, and with economists and manufacturing analysts now predicating that UK base rate is likely to reach 5% earlier rather than...

Gap-years on increase, travel insurance figures show - Published:12/01/07

Over the last five years, there has been a 155 per cent rise in the number of UK residents captivating hole years, the American Express travel insurance figures showFurthermore, the sale of comprehensive travel insurance policies also reveals that 5...

AmEx signs up BMW for credit cards - Published:12/01/07

American Express has signed a contract to launch credit cards branded by BMW and its sister make MiniAs well as no-annual fee, fraud defence and a variable best rate currently at 99 per cent, the cards will proffer a variety of themed plunder and pr...

India's ICICI to hire up to 40,000 a year - Published:12/01/07

India’s ICICI, the country’s largest private sector financial military group, said it expects to employ up to 40,000 people a year for the next three to five years to service expected growth in the country’s burgeoning banking and cover sectorsThe r...

London property hotspots announced - Published:10/01/07

Property hotspots in London for the novel year have been forecast and they include before modestly priced areas such as monster and Castle, Woolwich and StratfordLondon continues to lead the way in conditions of house prices in the UK and this trend...

40 per cent of britons not insuring homes - Published:10/01/07

Almost two fifths of homeowners in the UK do not have any buildings cover, according to a recent study carried out by NationwideA quarter of the respondents who took part in its survey said that they had not taken out any cover for the contents in t...

New internet banking service from Lloyds TSB - Published:10/01/07

The bank's new service - bill boss - allows customers to organise and pay their family bills online and will be gratis for all internet banking customersAdditionally, users will be clever to receive email alerts when bills are due for sum and make c...

Banks cheapest mortgage, building societies show form - Published:10/01/07

According to new research by Defaqto, banks remain the cheapest mortgage lenders on the market for those people who already have a mortgage The research company based their account on information from the top 30 lenders of 2005 The shortlist was com...

First time buyers' spending doubles in 5 years, study shows - Published:10/01/07

The average amount of money paid by a first occasion buyer for a property has doubled in the last five years, according to the newest figures, in news that may disappoint those who are trying to find a mortgage According to research from mortgage le...

Alone time sought by ten million in ten years - Published:10/01/07

It is looking increasingly similar to people are enjoying their own company more with a report by the Alliance & Leicester discovering that in the next 20 years, the amount of people living alone will add to by 53 per centThis will raise the number ...

Premium Bonds celebrates 50th year with multiple-million giveaway - Published:10/01/07

Premium Bond's operator National Savings & asset (NSI) has announced that it is to create ten people millionaires to celebrate its 50th birthdayThe first batch of five will be selected at chance by Ernie the Premium Bond computer to celebrate the fo...

Nationwide U-turn a blunder too far - Published:10/01/07

What in the name of mutuality is happening at Nationwide, a building society that for a extended time now has tried to do the correct thing by customersHas its executive team, in a condition of flux with the impending departure of boss Philip Willia...

New mortgages from Norwich and Peterborough - Published:10/01/07

The mortgages, which are available with immediate effect, are bottom rate trackers which come combined with gold present accounts Offset mortgages enable borrowers to reduce their monthly refund by accruing additional funds in a linked investments a...

Graduate mortgages may become mainstream - Published:10/01/07

A report from Datamonitor this week reveals that the prospect may see lenders paying more attention to graduate and expert mortgage applicationsThe report indicates that these two sectors of the mortgage market have real growth potential This is due...

New Landlord Mortgages survey of buy to let - Published:10/01/07

Fresh investigate from broker Landlord Mortgages today reveals that buy to let has the best income of any asset class, surpassing savings accounts and even bullion Figures from the broker show that an saver buying a property with a deposit of £25,00...

Interest rates stay at 4.5 per cent - Published:10/01/07

In a widely anticipated move the Bank of England's financial policy committee (MPC) has determined not to lower the interest rate despite concerns about financial growthAccording to the Centre for Economics and Business investigate (cebr), pressure ...

Parents are 'piggy bank raiders' - Published:10/01/07

Due to the mounting costs associated with Christmas, new investigate has found that one in ten Scottish parents will be strained to delve into their children's piggy banks this JanuaryKids in Scotland were found by Clydesdale Bank to have inward a i...

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Overdrafts being exceeded by nearly half of Brits - Published:09/01/07

It is becoming increasingly likely that Britons will go over their overdraft limit with nearly not whole being shown to have done so in the past, new investigate suggestsA total of 43 per cent were found to have exceeded the limit set on their decid...

Mortgage best rate competition heats up - Published:09/01/07

While house prices may no longer give the excitement they once did, the housing market remains excitedly busy, largely fuelled by home owners remortgaging in look for of the best mortgage rateHome loan lending over November reached the moment highes...

Lack of job security furthers consumer confidence slump - Published:09/01/07

A report from Lloyds TSB Financial Markets exposed that only 14 per cent of workers consider that the UK employment outlook is improved than a year ago, with 24 per cent proverb that their job is less secure than a year agoIt also discovered that th...

HSBC warns about hidden remortgaging charges from some mortgage lenders - Published:09/01/07

HSBC has warned homeowners to be wary of concealed charges when looking to find a remortgage dealThe financial services supplier made the remark as it unveiled details of a new five-year fixed-rate mortgage contribution mortgage rates of 517 per cen...

Halifax One card 'could save you money' - Published:09/01/07

Customers using the Halifax One card could put aside money by purchasing items such as clothing and footwear on their certificate, according to the bankIt was found in investigate undertaken by Halifax Credit Cards that people in the UK spent £437 b...

first-time buyers not reaching deposit targets - Published:09/01/07

First-time buyers are falling well small of their targets when saving up for their deposits, according to Alliance & Leicester – even after two years of stashing their cashin an ideal world first-time buyers say they are looking to put aside £11,710...

Brits seeks friends' advice on financial services, survey reveals - Published:09/01/07

UK consumers are more likely to ask their pal's advice on issues telling to financial services then they are over fashion, a study has revealedAlmost a quarter of UK people would seek advice on financial military, which is also more than would seek ...

Cash machine charges hit poor hardest says report - Published:09/01/07

money machines which charge for access to money are hitting the least well-off the hardest warns a Citizens recommendation reportLack of mobility or access to gratis banking services leave many with little option but pay to right of entry their mone...

Remortgaging grows 17 per cent - Published:09/01/07

The remortgage market grew 17 per cent during May, compared to the same era of 2005, new figures have revealedThe market was 25 per cent up on the month before, from 80,000 loan approvals to 99,000, accounting for 38 per cent of all mortgage lending...

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FSA recommends planning for interest-only mortgages - Published:09/01/07

Homebuyers who opt for an interest-only mortgage have been warned by watchdog the monetary Services Authority (FSA) that they could be running the risk of not planning adequately for meeting the repaymentsinvestigate by the FSA has shown that one in...

CYNICAL WORKERS SHUN INSURERS' SICK COVER - Published:09/01/07

DEEP-seated mistrust of insurance companies means less than 150,000 people take out income defence policies each yearEven though workers are far more likely to be off sick than die youthful, much greater numbers take out existence coverResearcher Ni...

Insolvencies 'to hit 30,000 in January' - Published:09/01/07

In the wake of excessive Christmas spending, many persons in the UK will be counting the price of the festive period and accountant Grant Thornton predicts that almost 30,000 individuals will become insolvent in the first quarter of this yearThis es...

John Charcol warns over 1,500 per cent fee inflation - Published:09/01/07

The UK is being together overcharged £23 million in mortgage transfer cost, research by broker John Charcol has shownThe cost are charged for the transfer of funds to the purchaser's lawyer from the mortgage provider The buyer's lawyer then takes a ...

Credit card costs rise for non-payers, expert warns - Published:09/01/07

praise CARDS LOW RATE praise CARDSSTUDENT praise CARDS0% APR praise CARDSCREDIT CARDS ONLINEBALANCE TRANSFERSConsumers who often fail to spot credit card payments could face senior payments, one expert has warnedFollowing the Office of pale Trading'...

Woolwich reveals new mortgage offerings - Published:08/01/07

Woolwich has unveiled details of a novel lifetime tracker mortgage that it believes could appeal to homebuyers who desire to cut the price of their repayments Its latest lifetime mortgage deal will path at 001 per cent below the base rate for the fi...

Tesco Instant Travel Insurance discounted in Jan - Published:08/01/07

All annual Tesco Instant Travel cover policies are to be obtainable at a discounted rate with 20 per cent off throughout Januaryrelated to this, a ten per cent discount is to be obtainable on all single trip policies that are purchased in amass and ...

Travel insurance should be tailored, expert claims - Published:08/01/07

A travel cover policy must meet the individual's needs in order to offer effective wrap, one expert has warnedBritons planning to hit the slopes this chill need to have a travel insurance policy which covers winter sports, or danger being under-insu...

Alliance & Leicester Post Office system launched - Published:08/01/07

The Alliance & Leicester Post Office system has been created by the bank to provide a income for business customers to receive a more well-organized serviceIntended to be rolled out across the Post Office's 14,300 UK branches, the novel system is de...

Summer hols on the cards for most Britons - Published:08/01/07

Now that Christmas is well and truly over, it seems that Britons are turning their special treatment to their summer holidays with nine out of ten people in the UK planning ahead for the heater months, NatWest research showsThe expense of the whole ...

Homeloan fee rises snuck in - Published:08/01/07

Banks and building societies have been accused of beating rises in fees by bringing them in at the same time as interest rate risesWhat will occur to house prices in 2007 understand writing the house prices latest and have your say in our poll >> Vo...

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Britons use internet banking to keep on target, study shows - Published:08/01/07

Many UK people are regularly using modern methods - such as internet banking - to keep on top of their finances, according to a new accountSome 72 per cent of Britons register on to their internet banking account in order to manage their cash, a stu...

HSBC Concerned Over UK Debt-Crisis - Published:08/01/07

The UK’s largest have an account, HSBC, believes there is no indication that the recent trend among UK customers choosing bankruptcy over clearing their amount overdue is abatingThe bank’s pre-close trading update said that the trend ‘seen since the...

Fee-free mortgages warning - Published:08/01/07

Borrowers could find that they are worse off if they take out a fee-free mortgage, an specialist has claimedMoneysupermarketcom asserted that mortgages which do not charge any fees are beneficial to borrowers with properties under £57,000Figures fre...

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Mortgage equity loans strong as house prices rise - Published:08/01/07

According to recent information the steady rise in house prices in the UK has seen a recent go up in the number of homeowners borrowing cash against the equity in their propertieshome prices in the UK have continued to boom this last year, and many ...

Brits set for GBP5.5 billion spending spree - Published:08/01/07

Britons will use £55 billion in the January sales in 2007 – an add to of £18 billion on the same period in 2006, according to the answer of a new surveyhouse insurer Direct Line has revealed that 30 per cent of consumers are put to buy technological...

Oyster added to Barclays credit cards - Published:08/01/07

praise CARDS LOW RATE praise CARDSSTUDENT praise CARDS0% APR praise CARDSCREDIT CARDS ONLINEBALANCE TRANSFERSAn specialist has welcomed Barclays' move to create Oyster payments available on its debit and credit cardsOyster is used to make payments o...

Alliance & Leicester extends savings account offers - Published:08/01/07

Alliance & Leicester has announced it is extending its ten per cent gross pa/AER regular savings explanation offer right through until the end of AprilThe Premier usual Saver account is obtainable to customers opening a new Alliance & Leicester Prem...

How to save for your retirement - Published:08/01/07

The Pensions Commission report exposed the extent of the UK's departure shortfall A pensions expert outlines ten simple steps to securing a comfortable retirementThis means that in the natural life to come, there will be many more pensioners than no...

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STEEL GRAB - Published:08/01/07

Tata, a strengthen giant that also owns Tetley Tea, expects to make a 455p-a-share proffer for Corus this weekThat would be the biggest Indian takeover of a overseas firm and create the world's fifth biggest steel commerce"Corus is vital to the UK e...

Report warns of mass bankruptcies in 2006 - Published:08/01/07

Debt charities are gearing up for a bombardment of calls once their assist lines re-open on January 3rd as the scale of people's vacation spending catches up with themAlthough consumer borrowing on credit cards and homeowner loans has been relativel...

Which? issues warning on loan that ballooned from £7,000 to £150K - Published:08/01/07

Consumer advocate Which has issued an urgent warning to persons who have on loan from London North Securities and its subsidiary Broadwick monetary ServicesThe watchdog is concerned that borrowers may have been misled about the charges they are subj...

Loan expert advises on Xmas spending - Published:08/01/07

Personal loans may be the gambleter gamble for Christmas shoppers who need to borrow to disburse for presents this year, according to a report in the every day TelegraphWhilst many may be paying attention by short-term offers from credit card provid...

Bad debts hit record levels for banks - Published:08/01/07

2006 saw the highest level of consumer bad amount overdue for banks on record, according to info released from KPMG The figures indicate that for the first time the one hundred thousand barrier has been out of order in terms of the number of people ...

Flashing The Cash - Published:08/01/07

Loans have been a part of domestic finance for several centuries and lenders keep coming up with novel ways to lend money to borrowers One method that is start to catch on is the cash advance loan This is also called a payday loan or cheque advance ...

No change for MBNA savings customers - Published:08/01/07

Yorkshire Building Society has assured its new investments customers that they will still take delivery of the same terms, following their transfer from MBNASome 8,500 customers have had their investments transferred, after Yorkshire decided to acqu...