Archive for April, 2008

Loan costs ‘also rising’

Sunday, April 27th, 2008 Posted in News | Comments Off

Reports on the credit crisis have often focused on rising mortgage rates but personal loan rates have also been affected by the liquidity crunch.According to Moneyfacts, Barclaycard, Lombard Direct, NatWest ... Read more..

Nationwide raises deposits

Sunday, April 27th, 2008 Posted in News | Comments Off

Nationwide has said that new borrowers will be required to pay larger deposits on almost all of its mortgage products.From May 1st, borrowers will have to find at least ten ... Read more..

OFT welcomes ruling on debt charges

Thursday, April 24th, 2008 Posted in News | Comments Off

The High Court ruling on unauthorised overdraft charges has been welcomed by the Office of Fair Trading (OFT). Its ruling concluded that the fairness of these charges, applied to an ... Read more..

First-time buyers struggling without parental help, says CML

Thursday, April 24th, 2008 Posted in News | Comments Off

First-time buyers (FTBs) cannot easily get a mortgage without financial help from their parents, according to the Council of Mortgage Lenders (CML). The withdrawal of 100 per cent mortgage products ... Read more..

Speedy rate cuts now less likely, says economist

Thursday, April 24th, 2008 Posted in News | Comments Off

A three-way split within the Bank of England's (BoE's) monetary policy committee (MPC) may dash hopes of a more rapid process of interest rate cutting, an expert has said. Royal ... Read more..

Government mortgage plan offers ’slow relief’

Thursday, April 24th, 2008 Posted in News | Comments Off

Independent mortgage experts John Charcol have predicted that the Bank of England's decision to introduce a £50 billion mortgage bond scheme to help the property market get back on its ... Read more..

Children ‘concerned’ about mortgages and debt

Thursday, April 24th, 2008 Posted in News | Comments Off

Around one in four children aged between 11 and 15 are worried about falling into debt and poverty when they are older, according to Abbey. In addition, nine per cent ... Read more..

HSBC cuts standard mortgage rate

Wednesday, April 23rd, 2008 Posted in News | Comments Off

Following the Bank of England's decision to reduce the base rate by 0.25 per cent earlier this month, HSBC announced yesterday that it will cut its standard mortgage rate by ... Read more..

Base rate ‘affecting rates on mortgages’

Tuesday, April 22nd, 2008 Posted in News | Comments Off

The recent decision by the Bank of England's monetary policy committee to slash the base rate of interest has affected the rates on mortgages, according to Moneyfacts.However, the financial information ... Read more..

Mortgage lending ‘falls’

Tuesday, April 22nd, 2008 Posted in News | Comments Off

Net mortgage lending and mortgage approvals fell in March, according to the British Bankers' Association (BBA). The latest figures also showed that credit card lending rose slightly as other unsecured ... Read more..

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