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News Archive From April 2007
- NatWest pays record sum to businessman [30.04.07]
One of the UK's leading banks, NatWest, has paid a Norfolk businessman over £36,000 after he made a claim over illegal and unfair bank charges that were applied to his business account.
- Eco-friendly mortgages from Yorkshire Building Society [28.04.07]
Those wanting to combine a lower rate mortgage with the chance to improve the environment may be able to benefit from a new mortgage that is available from the Yorkshire Building Society.
- Mortgage lending continues to rise [27.04.07]
According to the Council of Mortgage Lenders, mortgage lending in the UK is continuing to go from strength to strength despite soaring property prices and rising interest rates.
- Popularity of interest only mortgages rises [25.04.07]
According to latest figures the number of people deciding to take out an interest only mortgage rather than a repayment, or capital and interest, mortgage has soared, with rising property prices and rising interest rates forcing many to opt for an interest only deal due to affordability issues.
- Bad news on fixed rate mortgages [24.04.07]
Recent predictions arising from the state of inflation in the UK along with the Bank of England's decision to keep interest rates on hold last month have spurred many homeowners and potential property purchasers to look at fixed rate mortgages.
- Unsecured debt highest amongst those in early thirties [24.04.07]
According to recent data, the age group that has the highest level of unsecured debt in the UK are those in their early thirties.
- Experts predict further interest rate rise in May [22.04.07]
Earlier this week the Bank of England announced that the base interest rate in the UK would remain unchanged at 5.25%, despite many experts thinking that there would be an interest rate rise of a further 0.25% to 5.5%.
- Watchdog To Investigate Sub-prime Loans [20.04.07]
The sub-prime mortgage market will come under scrutiny, as the Financial Services Authority (FSA) is to investigate whether sub-prime mortgage borrowers are getting a good deal from lenders.
- Mortgage Lenders Offer Up To Six Times Salary [13.04.07]
UK mortgage lenders are offering some first-time buyers home loans up to six times their annual salary. Whilst this good news for some first-time buyers trying to get on the property ladder, some feel it may lead to financially misery as some people buy homes they eventually cannot afford
- Secured borrowing popularity continues to soar [11.04.07]
According to data from the Bank of England, the popularity of secured borrowing continues to soar, as Brits take advantage of the rising value of their properties and use it to borrow money with lower interest rates and longer repayment periods.
- PPI providers to offer fair refunds [10.04.07]
Consumers caught up in the battle against Payment Protection Insurance companies have enjoyed a victory after PPI companies agreed recently to ensure that a fair refund was given to consumers that cancel policies.
- Twenty five year fixed rate mortgage from Nationwide [10.04.07]
There is some good news for property purchasers looking to take out a fixed rate mortgage, with the Nationwide Building Society now offering a mortgage with a fixed rate of just under five and a half percent over e term of twenty five years.
- Midlands car dealer reprimanded by FSA [06.04.07]
The Financial Services Authority have reprimanded a Midlands car dealership after continuing to mis-sell PPI plans to customers despite the intense controversy that has been raging over these payment protection insurance policies.
- Lib Dems claim some people tricked into taking out mortgages with high fees [05.04.07]
According to the claims of a couple of Lib Dem MPs some people in the UK are being tricked into taking out mortgage deals from lenders that charge extortionate arrangement fees.
- Remortgages on the rise due to interest rate rises [04.04.07]
Recent figures have revealed a rise in UK consumers looking for remortgage deals as a result of the three interest rises enforced by the Bank of England since last August.
- Telephone alerts for suspicious transactions from Lloyds [04.04.07]
The Lloyds TSB Bank has initiated a scheme where customers can be alerted to suspicious transactions on their bank accounts via telephone alerts.
- Great value fixed rates mortgages available [03.04.07]
According to recent research mortgages with fixed rates of under 5% interest are now being offered to UK consumers again.
- Is mortgage lending slowing down? [02.04.07]
The latter part of 2006 saw mortgage lending figures shoot through the roof in the UK, and in November mortgage lending peaked according to the British Bankers' Association.
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