Estate Agents’ List Of Unsold Properties Grows
February 29, 2008
The number of houses waiting unsold on the books of estate agents is rising as sellers refuse to drop their price and struggle to find a buyer as a result.Property listing website Rightmove have calculated that estate agents have an average of 64 properties for sale where it was 54 a year ago. In a [...]
Post Office to offer pet insurance cover
February 29, 2008
The Post Office has recently announced that it will be offering pet insurance cover to pet owners.
The Post Office Service has really branched out over recent years, offering a wide range of new services and products, from foreign currency to broadband, and the availability of pet insurance cover is its latest offering.
Pet insurance has proven [...]
“Fee-free” credit card balance transfers are making a comeback
February 28, 2008
Several credit card providers have decided to resurrect the notion of no fees on credit card balance transfers. Undoubtedly this move will be welcomed by lot of borrowers who are prdicted to swap a staggering £6.68billion between cards over the next 6months.
‘Free’ balance transfers have been getting phased out over some time, with only the [...]
Savers can enjoy a higher rate with Icelandic bank
February 28, 2008
An Icelandic bank that has only recently broken into the UK market is offering a headline rate of interest on its savings account, and has announced that despite the recent interest rate cut it will be keeping the rate on hold, enabling many savers to enjoy a higher return on their savings.
Kaupthing Edge is offering [...]
160 Barclays’ workers to lose jobs
February 28, 2008
In a recent announcement Barclays Bank has reported that 160 staff members from its credit card division in Northampton are to lose their jobs at the end of this year.
The Northampton division deals with the production of credit cards and the mailing of statements, and these processes will be moved to other areas across the [...]
MP states banks withdrawing credit cards over profits
February 27, 2008
In a recent announcement official from the Internet financial giant Egg stated that the credit card facilities of 161,000 customers were to be withdrawn, adding that the reason behind the move was that the credit profiles of the affected customers had deteriorated since they originally opened their credit card accounts.
The decision of the bank caused [...]
What’s in store for interest rates
February 27, 2008
Interest rates have been dominating the financial headlines for the past two years. Concerns over rising inflation saw the interest rate rise five times between August 2006 and July 2007, each time by 0.25%, taking the base rate to 5.75% by July of last year.
This then remained static until December of 2007, leaving many homeowners [...]
Fewer credit cards cap balance transfer fees
February 26, 2008
The figure relating to the number of credit cards who ‘cap’ their balance transfer fees has more than halved throughout the last year.
According to MoneyExpert.com, there are now only five providers offering a total of seven cards between them which put a limit on the fee borrowers are able to be charged when transferring money [...]
New mortgage deals plummet
February 26, 2008
The British Bakers Association(BBA) look at the number of new loans to homebuyers as a guideline to predict future housing demand, and they report a drop of 31% last month compared with the exact same time period last year.
That said, the overall picture of mortgage lending in the month of January this year showed a [...]
Nationwide Building Society imposes restrictions on some of its best mortgage deals
February 26, 2008
The UK’s second largest mortgage lender, Nationwide Building Society, has increased its interest rates on mortgages for those borrowing 75% or more of the property’s value.
This is a direct result of a slower housing market, higher mortgage funding costs and a general inclination for lenders to distance themselves from ‘riskier’ loans according to the Daily [...]
