Unsold homes results in lower rents

Recent report and figures have shown that the number of unsold homes in the UK is resulting in a reduction in the amount of rent being charged for rental properties. With the property slump having resulted in record lows when it comes to property sales the cost of renting a property in many areas has [...]

Tenants given warning over paying rent annually

Industry officials are warning consumers to reconsider if they are thinking about paying their rent on an annual basis in order to get a discount on their rent, as otherwise they could end up losing their money and find themselves without a place to live in the process, especially in the current climate where many [...]

RBS may take onus on refunding bank charges

The High Street bank Royal Bank of Scotland has indicated that if it loses the High Court battle over bank charges then it will be looking at taking the onus on itself to pro-actively refund bank charges to its customers. At present RBS is one of a number of banks that are fighting the court [...]

Number of low deposit mortgages keeps falling

Recent reports have suggested that the number of low deposit mortgages available on the market has been falling over the past couple of months, with fewer and fewer mortgage requiring a relatively low deposit on offer. This is proving to be bad news for first time buyers, many who have little to no deposit to [...]

High interest lenders target bad credit customers

According to a recent report many people that have bad credit are being targeted by firms that are offering loans at very high rates of interest, with the lenders banking on the fact that this particular client group will be unable to turn elsewhere to get their finance, and will therefore have to opt for [...]

Interest only mortgages affected by price falls

According to recent reports many people that have interest only mortgages are being adversely affected by the fall in house prices that have been ongoing for the past year. Officials have said that many of those with interest only mortgages have not been able to put the necessary money aside to fund the payment of [...]

FSA to clamp down on financial salesmen

A recent report has shown that the Financial Services Authority plans to clamp down on sales people that pose as financial advisors. The crackdown will form part of the UK financial regulator’s plan to tackle commission payments, but it may be another few years before changes are made, according to the report.
The FSA Retail Distribution [...]

Building society tries to reduce bank queues

The Nationwide Building Society has made an attempt to try and cut down on the queues that it faces in its branches by changing some of its policies. This includes not being able to withdraw any less than thirty pounds from the counter within the branch, so that some of the queues will be reduced [...]

Bank executives pawn belongings for Christmas

According to recent reports an increasing number of executives are pawning their expensive belongings in order to raise money to fund Christmas. Many executives have suffered as a result of the turmoil in the banking and financial industries, and many may miss out on bonuses that they may have become used to over the years, [...]

Making the most of your credit card over the festive season

The Christmas period is a time when many people whip out their credit cards in order to fund this expensive time of year, and huge sums of money are usually spent on cards at this time of year. Industry officials are now urging consumers to ensure that they are using the right credit card for [...]

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