Financial News Articles | Archive - January 2008

Crackdown on illegal lending 'welcome' - Published:04/01/08

touching accounts from one bank to another is "easy", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" affect home contents insurance, warns NFU jointAxa is launching My Budget Day on November 21st in ...

Report calls for two new council tax bands - Published:04/01/08

News Companies & markets Investing Power collection Campaigns Mortgages & homesMortgage featuresInsurance Consumer advice Broadband & phones departure Saving & banking Credit & loans Small business duty & wills Message boards cash blog Tools & calcu...

Lloyds TSB to charge consumers for not using cards - Published:04/01/08

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 purchas...

How to safeguard savers in a banking crisis - Published:04/01/08

All era are London time Search News in the FTcom siteSearchSearch speech marks in the FTcom sitespeech marksCOLUMNISTS John KayBreadcrumb trail navigation:FT Home > Comment & psychoanalysis > Columnists > John KayServicesMany people blame the Northe...

rate cut 'will help with mortgage payments' - Published:04/01/08

The Bank of England's decision to inferior interest rates will assist mortgage holders and lower some payments, it has been reportedThe quarter-point slash to 55 per cent has been passed on by the Halifax, which reduced its standard variable speed f...

Barclays: Beware of 'e-scams' - Published:04/01/08

As a figure of fee and rate increases hits the credit card market, it is "more important than ever" that populace shop around for a good deal, according to WhichInternet shoppers have been advised to use their credit cards for online purchases by sh...

Read More: Barclays: Beware Of 'E-Scams' >>

Borrowers should be treated sympathetically, charity says - Published:04/01/08

Moving financial records from one bank to another is "easy", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" affect home contents cover, warns NFU MutualAxa is launching My financial plan Day on Novem...

Alliance & Leicester Personal Loans reveals garden trends - Published:04/01/08

Alliance & Leicester Personal Loans has revealed that almost half (49 per cent) of populace in the UK want to improve their garden with some verdant greeneryTrees, plants and shrubbery were the most well-liked garden improvements named in a new revi...

Brown comes out fighting - Published:04/01/08

No one on the Tory benches believed their take part in an election of no confidence in Gordon Brown would get anything other than an irresistible thumbs downIf one thing is guaranteed to unite a divided and warring Labour social gathering it is just...

Government Plans Massive House Building Programme - Published:04/01/08

A Green document is expected to reveal how the Government tactics to ease Britain’s property problems It could be the most radical attempt to influence the accommodation industry since the building bang of the ‘60sThe Paper should see a commitment t...

Poor lending practices leaving banks and public exposed says report - Published:04/01/08

Poor lending practices by banks and structure societies have left many in the UK with dangerous levels of money owing exposure, a Datamonitor account has warnedOver-eagerness among finance companies to offer credit cards, homeowner loans and overdra...

Property 'has peaked' as prices slow - Published:04/01/08

Claims that the possessions market has peaked have been supported by novel figures showing house price growth slowed dramatically in JuneThis is Money has been named monetary Website of the Year in recognition of its agitation coverage >> ReadThe la...

Base rate may reach 7.5% - Published:04/01/08

Bankruptcy is "becoming more and more palatable" to those in serious debt, according to Thomas CharlesThree-quarters of populace in the UK do not appreciate how a one per cent difference in mortgage tax would affect their loan, according to new rese...

Fresh funding for financial inclusion, banking industry told - Published:04/01/08

The government has put the banking industry on alert after confirming it will continue to provide financing hold up to help battle financial exclusionThis week, Ed Balls, financial secretary to the Treasury, announced that the administration would n...

IVAs offer alternative to bankruptcy - Published:03/01/08

Moving financial records from one bank to another is "easy", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" affect home contents insurance, warns NFU MutualAxa is initiation My financial plan Day on ...

Greater financial services accessibility promised by Yorkshire Building Society expansion - Published:03/01/08

Travel InsuranceGreater financial services convenience promised by Yorkshire Building Society expansionBanking clientele in the north-west have been alerted to the prospect of greater accessibility to financial services next a Yorkshire Building Soc...

Goldfish writedown fuels credit worry - Published:03/01/08

Discover Financial Services, the US credit card collection, on Monday fuelled concern about the consumer praise outlook in the UK by announcing it would write down the value of its Goldfish credit card commerce by up to $422m (£204m)The writedown, w...

hsbc atms to warn of overdraft fees - Published:03/01/08

HSBC has announced that its ATMs are to be reprogrammed to attentive customers to the risk of overstepping their overdraft boundary, so that customers who are at risk of incurring cost and charges are made aware of the fact immediatelyThe bank's aut...

Abbey: Holiday shoppers go online - Published:03/01/08

An increasing amount of people will be turning to the internet to do their Christmas shopping this year, according to novel research from AbbeyMore than a third of Britons (36 per cent) will behavior their festive shopping online, the financial serv...

Lloyds TSB in £200m writedown - Published:03/01/08

All times are London time Search information in the FTcom siteSearchSearch speech marks in the FTcom sitespeech marksCOMPANIES Financial servicesBreadcrumb trail navigation:FT house > Companies > By sector > Financial servicesServicesLloyds TSB shru...

Read More: Lloyds Tsb In £200M Writedown >>

IF continues with "great value" current account - Published:03/01/08

Home improvement loan 'could boost property value' - Published:03/01/08

Bankruptcy is "becoming more and more palatable" to those in serious money owing, according to Thomas CharlesThree-quarters of people in the UK do not understand how a one per cent dissimilarity in mortgage rates would have an effect on their loan, ...

Tisa: Isas will increase in popularity - Published:03/01/08

Last week's decision by the monetary rule committee to cut the base rate to 55 per cent may not denote 2008 will be an easier day for mortgage-holders, according to the Council of Mortgage Lenders (CML)Government investigate into independent savings...

pensions gender gap widening - Published:03/01/08

The retirement fund gap between men and women is widening, according to a new study from a leading financial services providerinformation of the growing gulf comes next to the launch of a nation-wide campaign dubbed Women's No Pay daylight hours whi...

Read More: Pensions Gender Gap Widening >>

Interest rates could hit 7.5 per cent, mortgage borrowers told - Published:03/01/08

According to a warning from senior economists, interest tax could twisting upwards to 75 per cent, as inflation soars Nine leading economical strategists have candidly condemned the Bank of England financial Policy Committee The news is grim for mor...

Property asking prices climb £110 a day - Published:03/01/08

information Companies & markets Investing Power portfolio Campaigns Mortgages & homesMortgage featuresInsurance Consumer advice Broadband & phones Retirement economy & banking praise & loans Small business Tax & wills Message boards Money blog Tools...

Can you be a money expert? - Published:03/01/08

We be acquainted with from the emails that you send us, reader comments we get, and the advice and tips curved in out on the communication boards that there's an expert inside many of our customers and visitorsIn recognition of this we've decided to...

Read More: Can You Be A Money Expert? >>

UK saves record amount – but can't stop borrowing - Published:03/01/08

The UK banked a record amount of investments between April and June of this year new information have shown, with some £386 million put away for a wet dayDespite the record figure, the IFA Promotion account also noted that debt remains far above the...

Property Abroad: Bulgaria - Published:03/01/08

News Companies & markets Investing authority portfolio Campaigns Mortgages & homesMortgage featuresInsurance customer advice Broadband & phones Retirement Saving & banking Credit & loans little business Tax & wills Message boards Money blog Tools & ...

Lenders taking tough stance on IVAs - Published:02/01/08

Moving financial records from one bank to another is "easy", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" affect house contents insurance, warns NFU MutualAxa is launching My Budget Day on November...

Base rate stays level - Published:02/01/08

As a number of fee and speed 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...

OFT launches overdraft charges test case - Published:02/01/08

As a number of charge and rate increases hits the credit card market, it is "more important than ever" that populace shop around for a good deal, according to WhichInternet shoppers have been advised to use their credit cards for online purchases by...

Dow Chemical to shed 1,000 jobs - Published:02/01/08

American substance firm Dow Chemical is to cut 1,000 jobs and shut plants, in an attempt to cut costsThe firm, one of America's largest chemical companies, has been strike by rising costs in the history yearDow said it would leave the automotive sea...

Read More: Dow Chemical To Shed 1,000 Jobs >>

Welsh mortgage holders looking to find a remortgage alerted to Halifax's research - Published:02/01/08

Homeowners in parts of Wales have seen their properties rise in value more rapidly than anybody else in the UK, according to the latest figures, which could be of interest to those looking to find a remortgage dealinvestigate from banking institutio...

If you want to be ethical, deep green is the only hue - Published:02/01/08

All times are London time look for News in the FTcom siteSearchSearch Quotes in the FTcom siteQuotes Your moneyBreadcrumb trail direction-finding:FT house > Your moneyServicesMost people would say investing in agriculture and timber is, by definitio...

Debt 'has become more acceptable' - Published:02/01/08

touching accounts from one bank to another is "easy", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" have an effect on home contents insurance, warns NFU MutualAxa is launching My Budget Day on Novem...

Alliance & Leicester Mortgages: Brits want to be close to family - Published:02/01/08

wwwmoneynewscouk > Mortgages > coalition & Leicester Mortgages: Brits want to be close to familyMore than one in four people moving home (28 per cent) cite being shut to friends and relations as a major consideration when purchasing a propertyThe Al...

LV= says parents should encourage saving - Published:02/01/08

Parents looking to educate their children on individual finance should give confidence them to contribute to a saving account, it has been suggestedLucy Pope, media family members manager for mutual society Liverpool Victoria (LV=), said opening a s...

Pensioners 'getting better off' - Published:02/01/08

Pensioners have become better off in the history decade, official figures show, with average incomes go up by more than a third above the inflation speedFigures from the Office of National Statistics (ONS) show that, from 1994/95 to 2005/06, disgust...

Read More: Pensioners 'Getting Better Off' >>

100% Abbey mortgage launched - Published:02/01/08

Abbey has launched a novel 100 per cent mortgage in order to help people who are stressed to invest in bricks and gunSet to be rolled out on Wednesday June 13th, the Abbey mortgage allows consumers to borrow up to a utmost of £500,000Possessing no h...

Read More: 100% Abbey Mortgage Launched >>

Home extensions can 'bump up' insurance premiums - Published:02/01/08

UK mortgage lending in August bankrupt records for the tenth successive month, the Council of Mortgage Lenders (CML) has announcedDespite shrill complaints from lobbyists and feverish media speculation on the next move, most Britons say that they ar...

Long-term flood plan 'essential' - Published:02/01/08

The administration must develop a long-term strategy to manage the UK's rising flood risk, insurers have warnedThe Association of British Insurers (ABI) wants a comprehensive assessment of flood danger and a programme of "continued" long-term invest...

Read More: Long-Term Flood Plan 'Essential' >>

Anniversary for Nectar credit card - Published:02/01/08

The Nectar Credit Card has reached its second birthday, prompting celebrations from its creators The certificate is the brainchild of American Express and Nectar, and in reply to the anniversary the companies have launched special offersnovel credit...

mortgage industry must 'learn its lesson' - Published:02/01/08

Lenders who provide mortgage products should consult internally and study some vital education, according to one industry chiefThe advice came from Jon ache, chairman of the Council of Mortgage lenders, who outlined three areas that need urgent atte...

Consolidation of existing debt 'is main reason for new loans' - Published:01/01/08

Moving accounts from one bank to another is "simple", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" affect home contents insurance, warns NFU MutualAxa is initiation My Budget Day on November 21st i...

Nationwide credit card protection updated - Published:01/01/08

Card Protection is available for both credit and withdrawal cards and comes at a price of £29 per yearThe product ensures that all of a household's cards - counting credit, debit and amass cards - are protected against loss or theftSome of the featu...

Stop panic buying with new credit card - Published:01/01/08

As a figure of fee 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 ...

world experts predict downturn - Published:01/01/08

Difficulties in financial markets and rising lubricate prices could damage the world economy and reason problems in the UK, according to monetary expertsThe International Monetary Fund (IMF) has warned of a 'ideal storm' and its chief economist, Sim...

Read More: World Experts Predict Downturn >>

House price slowdown continues - Published:01/01/08

Evidence of a possessions slowdown has continued with official figures showing the average home increasing in worth by just 01% in OctoberThe industry has issued a grim caution on mortgage lending What does it mean for you Editor's commentThe latest...

Read More: House Price Slowdown Continues >>

RBS in £1.25bn credit crunch hit - Published:01/01/08

Royal store of Scotland (RBS) has warned it expects to mark off about £125bn because of its exposure to bad debts in the US sub-prime loans marketAbout £300m of the defeat relates to the exposure to the US of Dutch store ABN Amro, which it bought in...

Parents underestimating university costs - Published:01/01/08

Moving financial records from one bank to another is "easy", according to the British Bankers' AssociationThe value of Christmas presents can "considerably" affect home contents insurance, warns NFU MutualAxa is launching My Budget Day on November 2...

Pre-paid cards may benefit small businesses - Published:01/01/08

rates cut for fixed-rate mortgage deals - Published:01/01/08

The online bank first direct has launched two 'incomplete edition' two-year fixed-rate mortgage counterbalance products with interest rates of 559 per cent and 599 per cent, it has announcedcounterbalance mortgages allow clientele with significant s...

Lords vote to lift pension payout - Published:01/01/08

The government has failed to discontinue the House of Lords vote to increase the compensation given to some people whose corporation pension schemes have collapsedBy a majority of 55, the Lords have introduced an amendment to the Pensions Bill calli...

'IVAs can help when used properly' - Published:01/01/08

Young urged to keep close watch on credit - Published:01/01/08

Young people in the UK are at the most danger of harming their praise rating over the holiday season, new investigate has shownThe nations 17-25 - year-olds are being urged to take care of their spending, and to bear their future praise ratings in m...

Most graduates can't find a mortgage, study shows - Published:01/01/08

The bulk of graduate first-time buyers are unable to find a mortgage, according to new investigateSome 53 per cent of university leavers lack the monetary capability to afford a mortgage, a learn by Scottish Widows has foundJust under half predict t...

'Little change in Xmas credit card spend' - Published:01/01/08

As a number of charge and rate increases hits the credit card market, it is "more important than ever" that people shop around for a good contract, according to WhichInternet shoppers have been advised to use their credit cards for online purchases ...

Lloyds TSB: Britons avoid bank managers - Published:01/01/08

Britons are too embarrassed to consult their bank boss on financial matters, according to a new learn by Lloyds TSBSome 55 per cent of Britons have not talked about their money state of affairs with a bank manager in over ten years, according to a h...