UCB Home Loans increases variable rates
August 15, 2006
Mortgage lender UCB Home Loans has announced that it is increasing its variable interest rates following changes in the base rate.
All of the interest levels in its variable range will be increased by 0.25 per cent for both new and existing borrowers.
The flexible variable rate offering from the lender has now been set at 7.04 [...]
Link reveals habits in cash withdrawals
August 15, 2006
Link, the operator of the UK’s cash machine network, has published research on the habits of customers in the UK as they withdraw money, dividing them into two groups of ‘feasters’ and ‘nibblers’.
The survey of 2,300 people showed that some people tend to withdraw £100 or more once or more a week – feasters – [...]
HSBC offering home insurance discount
August 15, 2006
High-street bank and insurance provider HSBC is offering a home cover promotion which proposes to beat customers’ existing premiums by at least £60.
According to the company, this is the biggest home insurance renewal discount currently available on the market.
Customers will be offered a premium £60 lower than their renewal quote, although if HSBC’s standard price [...]
Apacs: Chip and pin a success
August 15, 2006
UK payments association Apacs has announced that, six months after the practice was fully introduced, the UK is the world’s first chip and pin success story.
According to the organisation, more than 99.8 per cent of all chip and pin card transactions are now pin-verified and more than 150 transactions using the method take place every [...]
Personal loans could offer benefit over forecourt finance
August 14, 2006
Financial advice website Moneysupermarket has reported that new car buyers could be wasting up to £2.9 billion by opting for dealer finance over personal loans.
If a motorist buying a new car did so with a low-rate personal loan rather than an offer from the car dealer, they could save more than £1,200, the site claims.
As [...]
Leeds launches new savings bond
August 14, 2006
A new savings account is currently on offer from the Leeds Building Society, offering a rate of 5.25 per cent.
Annual interest will be paid at this rate, while a monthly interest option is also available and will pay five per cent gross, up to and including September 1st 2009.
From this date the account will transfer [...]
Portman adjusts fixed rates
August 14, 2006
The Portman Building Society has announced that it is re-pricing its two-year fixed-rate range with new products available from August 11th.
A rate of 4.69 per cent is now available on the lender’s two-year fixed offer when an arrangement fee of £999 is paid.
Fees of £599 and £649 are also available in conjunction with rates of [...]
Abbey claims to offer “relief” to FTBs
August 13, 2006
Mortgage provider Abbey has launched a range of new products which it claims will “make life easier” for FTBs [...]
CML announces high FTB income multiples
August 12, 2006
Income multiples for first-time buyers (FTBs) are currently at the highest level on record, according to the Council of Mortgage Lenders (CML).
The organisation reports that the average FTB was paying 3.21 times their income to take up a mortgage in June.
This is a marginal increase from the multiple of 3.2 recorded last month and a [...]
AA offers travel insurance advice
August 12, 2006
Insurance provider the AA has offered some advice and guidance to holiday makers who have been affected by the recent security alert at UK airports.
Firstly the company tells anyone who has been directly caught up in the situation not to panic and follow the instructions of police, authorities and airlines.
If customers had already booked their [...]


