mortgage industry must 'learn its lesson' by Finance News Bulletin

BBA claims commitment to financial inclusion - Published:08/12/07

As a figure of fee 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 by shopsafecoukThe British Bankers' Association (BBA) has claimed it is "committed" to furthering the cause of rising financial addition for consumers,It has released statistics showing that around 150,000 basic banking financial records are being set up quarterlyFurther, the BBA says that over half the populace who have opened such accounts have never previously had right of entry to any banking facilityBased on these information, the organisation estimates that 12 million basic accounts have now been opened by people who have never previously bankedAngela Knight, chief executive of the BBA, supposed: "Not only do we continue to see essential accounts attracting customers, but one-in-ten financial records are subsequently upgraded to financial records with a wider range of features"The banking industry in the UK has recently had to compete with regulatory decisions that have forced institutions to cut the cost of penalty feesAs a result, Ms Knight appeared on BBC means of communication 4 to warn regulators the introduction of charges for previously gratis banking services would be one of the "consequences" of further regulatory decisions concerning.

Removal costs overlooked by 92% of new buyers, mortgage study shows - Published:01/12/07

More than nine in ten first time buyers admit that they neglected to issue in costs associated with moving, according to a new mortgage learnA survey from financial services provider Yorkshire Bank Mortgages shows 92 per cent of people who bought their first home confess to having not kept cash in set aside to pay for furniture removalMoreover, 44 per cent of respondents did not take into account expenses such as legal fees, property surveys and trample duty tax, would-be mortgage holders may be paying attention to knowAnd many couples have the additional financing pressure of raising children on the prospect, after ten per cent of women admitted to becoming pregnant almost immediately after touching in"Overlooking costs such as surveys and stamp duty is asking for trouble," commented Gary Lumby, head of sell at banking institution Yorkshire store"Arranging a discount mortgage can help new homeowners contract with the expected and unexpected costs of a new house"There are already a number of non-traditional mortgages available to first time buyers looking to put an present in on a possessionsExtended-term mortgages, interest-only mortgages and mortgages where fees are added to the homeowner loan can all be arranged from high street or online banking outletsnowadays's Most Popular Results Mortgage Enquiry Form Need Life cover ------ Mortgages - Information Mortgages - Home ------ monetary Services - HomeNone of the information on this website is future to promote any exact mortgage product or provide mortgage advice Mortgagescouk is a non-regulated trading name of Financial armed forces Net Ltd[Terms & Conditions]more sites:car insurance| house insurance | cheap flights | ink cartridges.

Portman banking customers approve merger plan - Published:01/09/07