Yorkshire introduces new rate for savers
June 14, 2006
The Yorkshire Building Society has launched a savings account with a new fixed rate of 5.1 per cent gross per year.
Both new and existing customers will be offered the new savings account, which requires a minimum deposit of £100.
Yorkshire states that the account could be an option for savers who rely on their interest for [...]
Skipton launches new insurance packages
June 14, 2006
The Skipton Building Society has launched three new insurance packages, which it claims builds on its “longstanding position” as a home insurance provider.
Customers will now be offered insurance services to cover their cars and pets, as well as options for those travelling abroad.
A new motor insurance option will offer up to £50,000 legal expenses cover, [...]
CML: Fixed rates popular in April
June 14, 2006
A regulated survey from the Council of Mortgage Lenders (CML) has reported that fixed-rate mortgages were popular in April, accounting for 71 per cent of all loans for house purchase or remortgaging.
This is a two per cent increase in popularity compared to March 2006 and a 17 per cent rise compared to the previous year.
According [...]
Quality pet insurance doesn’t need to be expensive says Sainsbury’s
June 13, 2006
Sainsbury’s Bank has today commented on the quality of pet insurance currently supplied on the market, saying that good cover does not need to be expensive.
The insurer claims that its offering has been voted as one of Defaqto’s best buys for cover for both dogs and cats.
Comparing itself to other providers, Sainsbury’s says that the [...]
New range of tracks and caps from Abbey
June 13, 2006
Mortgage provider Abbey has launched a new range of capped and tracker mortgages, with varying rates and durations.
Among the new offers is a three-year tracker at 4.74 per cent with no fee – this mortgage is available by telephone only – and a five-year tracker at 4.74 per cent with a £699 fee, or 4.84 [...]
Defaqto: Equity release an option for retirement
June 13, 2006
Financial research company Defaqto has said that equity release mortgages can be seen as a possible solution to financing retirement, rather than a “last resort”.
In a report into the market, which is expected to grow from £1.4 billion this year to £2.4 billion in 2008, Defaqto said that house price inflation was the main factor [...]
American Express limits balance transfer facility
June 13, 2006
Credit card provider American Express (Amex) has announced that it is limiting the provision of the balance transfer facility on its products.
Balance transfers will now be available to a ’select profile’ of customers and Amex has said that it may occasionally offer the facility to certain borrowers from time to time.
It has also, however, reserved [...]
CML: More flexible mortgage policies needed for the young
June 12, 2006
The Council of Mortgage Lenders (CML) has today stated that mortgage providers should be offering more flexible policies for young people trying to get on the property ladder.
According to the council, rising house prices, growing student debt and the will of young people to be active and mobile pose “fundamental questions” for lenders who are [...]
Banks better than building societies for loans?
June 12, 2006
A new survey has revealed that most Britons believe that banks are fairer when it comes to the provision of financial products and services such as loans than building societies.
Some 24 per cent of residents in the UK consider building societies to be fair in the provision of services, while 29 per cent think banks [...]
Bank of Ireland launches new fixed-rate loan
June 12, 2006
A new fixed-rate personal loan has been launched by the Bank of Ireland, with rates starting at 6.9 per cent APR.
David Courtney, head of marketing and personal lending at the Bank of Ireland, said that the new personal loan offered good value to customers at a time when interest rates are moving up.
He claimed that [...]
