Low base rate having dangerous side effects
June 30, 2010
It has been claimed recently that the ultra-low base interest rate in the UK is resulting in dangerous side effects that will make it necessary to increase the base rate sooner rather than later. The base rate has been at just 0.5 percent since March of last year, and this is the lowest it has [...]
Why you need to hunt around for the best mortgage deal
June 29, 2010
Finding a mortgage these days has become an extremely difficult if not impossible task for some people these days, and whilst the mortgage market is said to be easing up to some degree it is still vital for those that want to take out a mortgage to do their research thoroughly to ensure that the [...]
Highest rents in Western Europe being paid by UK tenants
June 29, 2010
Recent research has showed that tenants in the UK face paying the highest rents in the whole of Western Europe, which will come as bad news given that so many people are now being forced to rent due to difficulties in getting a mortgage loan. The results of research have shown that the average cost [...]
Mortgage advisors and bank staff to register with FSA
June 28, 2010
It has been announced that members of bank staff and mortgage advisors will have to individually register with the UK’s financial regulator, the Financial Service Authority, by March 2011. This comes after the announcement that individuals that offer mortgage advice will be held accountable and will need to be regulated by the FSA.
The move comes [...]
Cost of owning and running a home now cheaper
June 26, 2010
Research that has recently been carried out has indicated that over the past two years the cost of owning and running a home has fallen, with the decline thought to be around 6 percent over the past two years. The research was carried out by High Street lender Halifax, which looked at the cost of [...]
Consumers will need Visa card for 2012 Olympics
June 26, 2010
Many people may be looking forward to the 2012 Olympics and many may be planning to buy tickets to the big event. However, consumers are being warned that there are restrictions in place if they plan to purchase their tickets by credit or debit card due to a deal that has been struck between the [...]
Current account overdraft fees to be cut by Lloyds TSB
June 26, 2010
High Street banking giant Lloyds TSB has announced recently that it will be reducing the overdraft charges on its current accounts later this year following demand from customers. The reduced overdraft fees will come into effect from 2nd December this year, and will affect both daily and monthly fees.
Customers who go over their overdraft limits [...]
House prices could be affected by HIPs abolition
June 19, 2010
According to some industry officials house prices in the UK could be affected by the abolition of Home Information Packs or HIPs. The new coalition government abolished the controversial HIPs just shortly after coming into power, and whilst this came as good news for many homeowners there were also many that will feel the pinch [...]
Low base rate has helped credit card borrowers
June 18, 2010
According to industry officials the low base interest rate may have helped many homeowners in the UK to address their credit card debts, as many may have used their surplus funds to make repayments on their credit card debts. Over the past few years many have struggled to keep on top of repayments, but having [...]
Banking system branded unfair and confusing
June 16, 2010
A consumer campaign group in the UK has branded a payment system used by the UK banking industry as confusing and unfair. The system has been designed to make transactions quicker and easier, but according to officials from the consumer campaign group Which? the system is actually unfair and confusing.
The Faster Payments Scheme that is [...]
