First-time buyers continue to support mortgage market
The number of mortgages advanced to first-time buyers rose by almost a quarter in 2013, the Council of Mortgage Lenders (CML) said today.
View ArticleDismay over pay: Barclays announces 10% rise in bonuses
Barclays is facing a potential backlash after it increased its bonus pool for investment bankers by 10% despite a fall in profits and 12,000 employees facing the axe.
View ArticleLocal lenders excel with new mortgages
Competition for mortgages continues to thrive, with local lenders including Norwich & Peterborough, Loughborough, and Nottingham Building Societies all unveiling impressive new deals this week.
View ArticleFirst-time buyers drive housing market in January
First-time buyers continued to power housing market activity in January, according to a new survey, as the rush to secure a home goes on.
View ArticleUK fights to recover costs from Iceland over failed account
The battle to reclaim funds from Iceland's banking collapse has reignited amid concerns that British banks will have to foot the bill for compensating savers.
View ArticleFirst-time buyers benefit as banks return to 95% mortgages
The number of 95% loan-to-value mortgage deals has trebled in the last six months, as banks rediscover their appetite for this area of the market.
View ArticleBarclays to compensate victims of data breach
Barclays has said it will compensate thousands of customers whose data was sold on the black market.
View ArticleLittle respite for savers as interest rates to stay low
Savers are facing another year of meagre returns after the Bank of England hinted that interest rates could remain on hold for another year.
View ArticleYBS to refund thousands of mortgage customers for incorrect charges
The Yorkshire Building Society has pledged to refund all fees on mortgage arrears for the last five years after the City regulator found that some customers had faced incorrect charges.
View ArticleBuyers face higher stamp duty as average price exceeds £250,000
Homebuyers have been alerted to the higher stamp duty burden they could face as house prices continue to rise.
View ArticleNationwide launches new low-fee balance transfer card
Nationwide has launched a new long-term balance transfer credit card with a rock-bottom fee that should prove a genuine competitor in a thriving marketplace.
View ArticleHanley Economic slashes mortgage rates to market-leading levels
The Hanley Economic Building Society has kept up the pressure on major lenders with sweeping reductions of up to 0.70% across its mortgage range.
View ArticleMortgage lending up, but greater housing supply needed
Gross mortgage lending rose by a third in January on the previous year, according to latest figures.
View ArticleNationwide benefits as customers seek mortgages and bank accounts
Profits are up at the Nationwide Building Society as it boosted mortgage lending in 2013 and attracted hundreds of thousands of new current account customers.
View ArticleHSBC launches loyalty ISA and promises to end bonus rates on savings
HSBC has pledged to make its best ISA rates available to current account customers and to end the tradition of 'bonus rates' on savings accounts.
View ArticleRBS customers to get more banking services through the Post Office
Customers with NatWest and RBS will be able to carry out more banking services through the Post Office network from later this year.
View ArticleConfidence levels grow as consumers take control of their finances
Consumer confidence reached its highest level in over three years in January, according to a new report, as low interest rates and lower inflation left consumers more optimistic about the state of the...
View ArticleHelp to Buy Scheme boosts 95% LTV mortgages
New buyers have benefited from plenty of additional choice in the mortgage market since the launch of Help to Buy 2 in October, latest figures are showing.
View ArticleHow much will it cost homeowners if interest rates rise?
Mortgage holders in the UK could face additional repayments worth more than £2 billion if interest rates rise 'moderately' by the end of next year.
View ArticleYoung people forced into rented accommodation by high house prices
New figures suggest that young people remain trapped in rented accommodation and are being forced out of home ownership by rising house prices.
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