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Help to Buy prompts house price rises
The wave of interest shown by new buyers following the launch of the Government's Help to Buy scheme is supporting the latest rise in house prices. Average UK house prices continued their upwards...
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Banks to follow new system to reduce overdraft charges
A host of banks will change the way they process payments to offer customers some leeway when it comes to overdraft charges. A snag in the current system allows banks to charge customers more than...
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NUS wants payday lenders banned from campuses
The National Union of Students (NUS) wants payday lenders to be banned from advertising at colleges and universities to prevent them from dragging vulnerable students into insurmountable levels of...
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New current account switching process guarantee issued
A new system that will allow customers to switch current accounts within seven working days from September has moved a step closer to completion, with the publication of a customer guarantee. The...
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NS&I to slash rates on three leading savings accounts
National Savings and Investments (NS&I), the government-backed savings facility, is heaping misery on over half a million savers by slashing interest rates on its three leading accounts by up to...
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Unemployment down but 1 million pensioners stay on
UK unemployment figures improved in the three months to April, but there are still record numbers in work beyond retirement age, as the pensions crisis keeps people in the workplace for longer. Data...
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Money-service businesses left without bank accounts
Some financial groups are having their banking facilities withdrawn at short notice as high-street banks seek to cut down on possible money-laundering routes. Money-service businesses, which include...
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Taxpayers' stake in RBS dealt blow by Hester departure
The chances of taxpayers recovering the £45 billion rescue package from the Royal Bank of Scotland have been dealt a blow after share prices fell following the shock announcement of Stephen Hester's...
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Glasgow council to open credit union accounts for youngsters
Glasgow council is to thwart the rise of payday lending in the city by opening credit union accounts for young people. From the beginning of the next school year, every new secondary school pupil...
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Stamp Duty - A Quick Guide
If you buy property over a certain value anywhere in the UK, you are liable to pay Stamp Duty Land Tax (SDLT). Find out more below. The amount of tax varies according to a number of factors: the...
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Regulators to act against political lobbying by banks
City regulators have pledged not to give in to banks over new liquidity rules and to stop banks from lobbying politicians into watering down proposals. Senior members of the Bank of England have...
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More cuts to ISAs leave savers in quagmire
Savers continue to be hit hard by falling rates, as another round of cuts to cash ISAs leaves hard-pressed consumers even deeper in the quagmire. Cuts to savings products at Virgin Money, the...
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FSCS pays out over £300 million in compensation in 2012/13
The Financial Services Compensation Scheme paid out £326 million in compensation to consumers during the latest financial year. The latest annual report from the not-for-profit scheme showed that the...
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Revolutionary changes due for banking industry
Chancellor George Osborne is set to announce sweeping changes in the City in an attempt to revolutionise standards in the banking industry. The chancellor is expected to endorse the majority of the...
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City regulator to investigate insurance sector
The City regulator is set to launch a review into the insurance industry amid concerns that customers are being duped when it comes to the "add-ons" offered on selected consumer products. The...
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Leeds BS launches zero interest "Welcome Mortgage"
Leeds Building Society is offering a one-of-a-kind mortgage that offers zero interest for up to six months. The “Welcome Mortgage”, available as a three- or five-year fixed-rate deal between 80% and...
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KRBS releases new market-leading fixed rate bonds
The launch of two best-buy fixed-rate bonds has signalled a rare piece of good news for savers this week, though returns still remain far shy of inflation. Kent Reliance Banking Services (KRBS) will...
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Barclaycard Platinum card customers face variable rate switch
Some Barclaycard customers could face rising bills after the credit card provider decided to move Platinum customers to variable rates from September 1st. Barclaycard announced that the credit cards...
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Payday lender QuickQuid apologises for threatening messages
Payday loans company QuickQuid has apologised for sending an email that threatened to send debt collecting agencies after people who had not even taken out loans with the firm. The lender said that...
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Higher LTV mortgage lending growing again
Mortgage lending at 85% loan-to-value or above has risen to a four-and-a-half year high, providing more optimism that new stimulatory measures are benefitting first-time buyers. According to the...
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