Skipton unveils new long-term mortgage

The Skipton Building Society has launched a new ten-year fixed-rate mortgage at 5.29 per cent for loans up to 75 per cent loan-to-value (LTV) until November 30th 2016.
For customers wishing to take out a mortgage to cover 95 per cent of the value of their house, a rate of 5.39 per cent will be available. [...]

Leeds re-launches savings bond

The Leeds Building Society has announced that it is re-launching its three-year savings bond on August 25th, offering full access in the third year.
Customers are offered a guaranteed fixed-rate of five per cent in years one and two, rising to six per cent in year three.
For non-taxpayers, this amounts to a compounded interest rate of [...]

Cashback offer opened on first direct loans

Customers who take out personal loans with first direct have been offered a 25 per cent refund of the interest paid throughout the life of the loan if the sum is repaid on an agreed date.
The provider points out that the cashback will only be paid after the customer has paid the final instalment of [...]

Mortgage Express launches range of two-year self-cert mortgages

Mortgage Express has announced that it is introducing a range of two-year fixed-rate deals on self-certification mortgages, in response to research showing “strong consumer demand” for two-year offers.
Among the new products is a package at 90 per cent loan-to-value (LTV), with a rate of 5.49 per cent, an overall cost for comparison of 6.82 per [...]

Halifax reveals billions of pounds worth of car spending

A massive £36.4 billion was paid out on purchasing new and used cars last year, research from Halifax unsecured personal loans has shown.
This equates to 4.5 per cent of the total household disposable income spend in the UK and amounts to £1,490 per household per year.
These figures are demonstrative of the huge increases in car [...]

Yorkshire introduces new fixed-rate savings bond

The Yorkshire Building Society has launched a new savings bond with a fixed interest rate for two years of 5.35 per cent gross annually, or 5.22 per cent gross for customers who wish to receive their interest on a monthly basis.
A minimum balance of £100 has been set on the product, which has a maximum [...]

UK adults own an average of 1.2 cards

Financial service provider Morgan Stanley has released a study showing that the average number of active credit cards in the UK is 1.2 for every adult.
Cards with expired zero per cent interest offers were found to be the most likely to be at the back of a wallet.
Around one in seven dormant cards is a [...]

Many FTBs “overstretched” financially

A large number of first-time buyers (FTBs) are financially overstretched and could find themselves in trouble with their mortgage should they lose their jobs, a new study has found.
According to research by Post Office Financial Services, 48 per cent of FTBs would only be able to meet their mortgage repayments for six months if their [...]

Churchill reveals cost of student theft

Thefts which occur on student campuses are costing £126 million per year, according to research from insurance provider Churchill.
On the back of its findings, the insurer has urged parents to ensure that their children’s contents and possessions are insured before they go away to university.
Some 47 per cent of students suffered some form of theft [...]

Online spending ‘could hit £39bn by 2010′

Customers using their credit cards to purchase products online are contributing to soaring levels of internet spending, with payment system PayPal reporting that web expenditure could hit £39 billion a year by 2010.
According to the company, a quarter of the UK retail sector operated online in 2005, compared to seven per cent in 2004.
It is [...]

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