Leeds launches new fixed-rate postal bond
June 21, 2006
Building society Leeds has launched a new fixed-rate postal bond which guarantees to pay 5.25 per cent and requires a minimum opening balance of £100.
This rate will be paid if customers choose to receive their interest payments on an annual basis, with a gross rate of five per cent being paid if interest is received [...]
May shows strong levels of mortgage lending
June 21, 2006
Figures released today by the British Banking Association (BBA) have revealed that strong levels of mortgage lending were recorded by Britain’s major banks in May.
A net underlying increase in total sterling lending to the UK private sector of £12.4 billion took place, with a total lending level of £1,212 billion recorded.
Net mortgage lending increased by [...]
Virgin Money: Dundee is UK’s friendliest city for cars
June 19, 2006
Dundee is the most friendly city in the UK for cars, according to a new study by Virgin Money Car Insurance.
The company took a number of financial issues into account in order to conclude on what was the most favourable location in the UK for motorists.
These included the cost of parking, the number of speed [...]
Leeds launches new lifetime tracker mortgage
June 19, 2006
The Leeds Building Society has launched a new lifetime tracker mortgage, which will track at 0.25 per cent above the Bank of England base rate – currently 4.75 per cent – for the term of the deal.
Available at up to 75 per cent loan-to-value (LTV) the product does not have a higher lending charge or [...]
Branches or internet better for loans?
June 19, 2006
Financial advice website Moneyfacts has launched an investigation into the better source for the provision of financial services such as personal loans – the internet or company branches.
The organisation claims that some of the major high-street banks have recently reversed their decisions to open more branches, perhaps in response to the growing popularity of online [...]
Mums a safer option than dads for borrowing money
June 16, 2006
People are more likely to borrow money for paying the mortgage or buying a house from their mums than their dad, according to the latest research.
Parents on a whole are the most common target for those without a partner when it comes to raising money to buy a house and get a mortgage, Chelsea Building [...]
Alliance & Leicester loans advised as an option for weddings
June 16, 2006
Alliance & Leicester has suggested that one of its personal loans could be a good option for financing a wedding, revealing that many couples are unaware of how much their big day is going to cost.
Overall, British people are expected to spend £23 billion on getting married this year, with the average cost of a [...]
Direct Line announces online-only mortgage
June 16, 2006
A new online-only mortgage has been announced by Direct Line, to be launched on June 16th.
The offer is a two-year tracker deal with a current rate of 4.19 per cent, which will revert to a long-term tracker rate, presently at six per cent.
Direct Line claims that the offer, which is currently 0.31 per cent lower [...]
Insuresupermarket advises care over Brits’ biking passion
June 15, 2006
Cycling is currently becoming more popular than ever before, according to Insuresupermarket.com, with figures revealing that the National Cycle Network carried 15 per cent more trips in 2005 than in 2004.
The company also states that National Bike Week runs from June 17th to 25th, saying that “there is no better time to take the saddle”.
However, [...]
Sainsbury’s warns of falling interest rates after bonus periods
June 15, 2006
Financial service provider Sainsbury’s Bank has issued a warning to savers that some accounts which offer short-term bonuses can “over-inflate returns and mislead savers”.
Sainsbury’s claims that it offers “consistently attractive” rates, including 4.75 per cent on £1 balances, and that all of its savings accounts have a promise to pay above the market average interest [...]
