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Mortgages: What's Hot in September?
With the number of available mortgages continuing to grow, we take a look at what's hot in the mortgage market in September. 65% LTV: Norwich & Peterborough On Friday, the Norwich &...
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New current account switch service goes live
The new Current Account Switching Service goes live today, allowing consumers to switch change between participating banks in just seven days. The launch of the new £750 million switching system will...
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Fixed-Rate vs. Variable Rate Mortgages
When pursuing a mortgage loan, the choice will have to be made between a fixed-rate mortgage and a variable rate or tracker mortgage. It is an important call to make, as one type of mortgage could...
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Time to switch current accounts? Big banks slammed in new poll
The UK's four largest banks have all scored abysmally in a new poll, demonstrating the clear need for the new fast-track switching system that will allow consumers to switch banks more easily. The...
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Mortgages: Bank or Building Society?
When we're choosing between mortgage lenders, we're normally faced with the choice between a bank or a building society. Is there any reason to favour one over the other? On the surface, there...
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Leeds Building Society raises 5-year bonds and ISAs to 3.05%
Leeds Building Society has responded to competition at the top end of the savings market by raising the rates on its 5-year fixed rate bond and ISA up to 3.05%. The rates on the market leading...
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Nationwide boosts savings rates, but remains behind rivals
Nationwide has improved the rates on its long-term bonds and ISAs, but they still fall short of the market leaders in this sector. The society has launched new a four-year bond and ISA paying 2.4%...
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Savers urged to respond to falling savings rates
Savers are being advised to shift their cash if they are facing a rate cut over the coming days. Around two million savers with the Treasury-supported National Savings & Investments (NS&I)...
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EDF to raise energy prices by 3.9 per cent
EDF, one of Britain's 'big six' energy companies, has caused a stir by announcing a much smaller price hike than its rivals. The firm announced a winter rise of 3.9% in gas and electricity prices,...
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Respite for consumers and savers as inflation falls
There was some good news for consumers ahead of the Christmas season as inflation fell to its lowest rate for more than a year. The consumer price index (CPI) measure of inflation fell to 2.2% in...
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Help to Buy improves social mobility, says PM
Help to Buy has improved social mobility and has allowed first-time buyers to get an all-important first step on the housing ladder, David Cameron said yesterday. The Prime Minister praised the...
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Conditions improve for first-time buyers
Conditions have improved for first-time buyers in the last 12 months, according to new figures from the Council of Mortgage Lenders (CML). The number of mortgages advanced to new buyers in September...
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Halifax chases Barclaycard with 28-month balance transfer offer
Major lenders are challenging Barclaycard's dominance in the balance transfer credit card market, with Halifax becoming the latest to improve its best 0% offer to 28 months. Barclaycard has dominated...
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Surge in activity for low-deposit homebuyers in 2013
Further evidence of the benefits offered by the Help to Buy scheme has emerged, with a surge in mortgage lending to buyers with low deposits. According to e.surv’s Mortgage Monitor, lending to...
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Secure Trust launches market-leading long-term bond
Secure Trust Bank has launched a new seven-year bond, as the battle to allure savers into long-term fixes warms up. The new fixed-rate bond offers an inflation-busting 3.52% per year (2.82% net) on...
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Cheaper mortgages driving down arrears and repossessions
The number of repossessions and mortgages in arrears continues to fall, thanks to a strengthening economy and cheaper home loans. The number of borrowers with arrears worth at least 2.5% of the total...
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Mortgage rate cuts make Tesco Bank a strong competitor at 85% LTV
Tesco Bank has reduced a number of its mortgage rates, adding fierce competition to the 85% loan-to-value sector. Among a number of reductions is the 2-year standard fixed rate mortgage at 85% LTV....
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We don't need Help to Buy, building societies insist
Mutuals are choosing to shun the Government's Help to Buy scheme, insisting that they can insure the high-risk mortgages they decide to advance to new buyers. The Government’s flagship scheme has...
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Double cash ISA allowance to help savers, Government urged
The Government needs to support savers who are helplessly watching their funds deteriorate every year in real terms, says David Cutter, the chairman of the Building Societies Association. Speaking on...
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Government urged to help homebuyers by raising stamp duty threshold
The Government is being urged to quadruple the threshold at which stamp duty is introduced to £500,000. Currently, stamp duty of 1% applies when a property is valued over £125,000. Properties valued...
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