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Credit card insurer CPP saved from collapse by banks
A company fined last year for mis-selling credit card protection on behalf of major banks has agreed a number of credit arrangements worth £36 million that will allow it to survive. CPP said that...
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HSBC ignites price war with record low 1.49% mortgage
HSBC has taken the next step in the mortgage price war, offering a new "lowest ever" deal at 1.49%. The new two-year fixed rate loan is available for those with a 40% deposit, and comes with a fee of...
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Renters will pursue dream of owing their own home
The majority of those who rent their property will not stop trying to get onto the housing ladder, a new report from Rightmove suggests. The property website’s rental market report reveals that 96%...
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Renters will pursue dream of owning their own home
The majority of those who rent their property will not stop trying to get onto the housing ladder, a new report from Rightmove suggests. The property website’s rental market report reveals that 96%...
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Bank of Scotland fined for persistent privacy breach
The Bank of Scotland has been fined £75,000 after it faxed customers' bank details to the wrong numbers over a three-year period. Despite several warnings about the issue, the Bank of Scotland, part...
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More savers risking peer-to-peer over standard savings accounts
Hard-pressed savers are increasingly prepared to face the risks of unprotected fund-exchange portals as a means of making better returns on their deposits. Research released last month by Zopa shows...
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Increased demand pushing up house prices, indexes show
House prices between May and July are 4.6% higher than the same period last year, according to Halifax’s latest House Price Index. Prices rose by 0.9% between June and July, the index revealed,...
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'Sold out': fixed-rate bonds withdrawn as savers hunt best rates
The limited opportunity for savers to land the best rates has been illustrated again, after Kent Reliance (KRBS) withdrew its market-leading fixed-rate bond range after just three weeks. Kent...
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Leeds BS to join Help to Buy mortgage scheme
Leeds Building Society is to join the Government's Help to Buy scheme, and has outlined two mortgages that could help new buyers get onto the housing ladder next year. The new two-year fixed rate...
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Bank of England governor expresses sympathy for savers
The new Bank of England governor, Mark Carney, has expressed "tremendous sympathy" for savers after announcing that interest rates could remain at rock bottom for another three years. Yesterday, Dr...
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Confidence fuels housing market improvement
An increase in mortgage activity and the sale of new houses is offering clear signs that the housing market is picking up pace once again. A total of 56,475 mortgage applications for home purchases...
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House-hunter Beware: Mortgage Arrangement Fees
The government's measures to drive down mortgage rates have proven to be great news for new and existing homeowners. But inevitably they've had a few side-effects as well. One of these is the hike in...
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Interest in mortgages grows following Bank's announcement
Interest in mortgages shot upwards last week, brokers have said, following the Bank of England's announcement that interest rates were likely to remain low for another three years. The Bank’s...
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Zopa says lending could double this year
Peer-to-peer lender Zopa says that the value of loans arranged through its online portal could more than double this year. The site has facilitated loans worth £20 million in July, and expects to...
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Commuters braced for new 4% rise in train fares
Train commuters struggling on stagnant wages are braced for an average fare increase of 4.1% in the New Year. Train companies are allowed to set their fare increases to one percent above the Retail...
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RBS and NatWest offer cashback on debit card spending
Customers at NatWest and RBS who register for a new rewards scheme can now earn cashback using their debit cards, though only a small number of retailers are participating at the launch. The free...
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Nineteen lenders exit payday loans market
More payday lenders are reported to have quit the market rather than face further scrutiny from the Office of Fair Trading (OFT). The OFT says that of the 50 lenders it had investigated, 19 have now...
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Current account switching system to launch on September 16
A new current account switching system will launch on September 16th, a month from today, which will allow consumers to switch banks within seven days. Participating banks and building societies will...
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Yorkshire BS on the charge with competitive two-year mortgage
Amendments to Yorkshire Building Society's mortgage range now makes its two-year fix a best-buy on the market. The society's two-year fixed rate mortgage (65% LTV) has been recently reduced to 1.66%,...
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Mortgages at most affordable level since 1999
Mortgages have fallen to their most affordable level since the twentieth century, according to a new survey. The Mortgage Affordability Review by Halifax has revealed that mortgages reached their...
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