- Monday, November 30, 2009, 15:06
- Mortgages
The National Association of Estate Agents (NAEA) has called upon Chancellor, Alistair Darling, to take action to further aid the housing market recovery and avoid sending Britain into a ‘W' shaped or 'double dip'
recession, where the market partly recovers but then falls, before eventually recovering again.
The NAEA has called on Mr. ...
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- Monday, November 30, 2009, 15:05
- Debt Management, Featured
A new report from Money.co.uk suggests that 30 million Brits will
fall into the red this Christmas, as the temptation to overspend on festive cheer threatens to create an £8 billion January hangover.
This year, the nation is expected to spend £11 billion over Christmas, yet the research found that, whilst ...
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- Friday, November 27, 2009, 15:16
- Mortgages
Abbey and
Alliance & Leicester, both part of Spanish banking group Santander, have today launched a new deal available only to
first time buyers, allowing them to borrow up to 90% of the property purchase price and secure a rate of 5.99%.
The product comes with a £495 fee, ...
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- Friday, November 27, 2009, 15:12
- Featured, Mortgages
The October data from Land Registry's House Price Index has revealed a monthly house price rise of 0.6%. This marks the fifth month in a row in which the movement has been above 0%.
The annual change stands at -3.4%. This is the sixth month in a row in which the fall in annual ...
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- Thursday, November 26, 2009, 15:35
- Debt Management, Personal Finance
Liberal Democrat Leader Nick Clegg yesterday demanded changes to the law following the
Supreme Court's ruling on bank charges.
In a speech given yesterday afternoon on the future of
retail banking at the Marketforce and IEA's annual conference in London, Nick Clegg said:
"The Supreme Court's decision on bank charges this morning will ...
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- Thursday, November 26, 2009, 15:25
- Featured, Mortgages
A new report from moneysupermarket.com suggests that the nearing end to the stamp duty holiday on
properties under £175,000 has helped increase interest in such houses over the last three months.
The number of homeowners looking to take advantage of the stamp duty holiday has increased by nearly 10% since September, according to ...
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- Wednesday, November 25, 2009, 16:21
- Debt Management, Savings and Investments
The Supreme Court today ruled in favour of
high street banks in the bank charges test case brought by the Office of Fair Trading.
In 2005, a consumer backlash began against what were viewed by many as unreasonably high charges by banks for unauthorised overdraft use. In April 2007, the OFT began a study into the issue, launching a test case on unauthorised overdraft ...
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- Wednesday, November 25, 2009, 16:04
- Featured, Savings and Investments
Co-operative Financial Services (CFS) has launched a three-year
savings bond with a fixed rate of 5%.
The bond is available from today and can be opened with a minimum investment of £5,000, up to a maximum of £1 million. Savers are permitted a 30 day window to access their funds and close the ...
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- Tuesday, November 24, 2009, 16:11
- Personal Finance
A new study for swiftcover.com has revealed that we are nation confused by car
insurance - and it could prove very
bad for our finances. The survey found that 42% of Brits struggle to understand the terms used in their car policy, leaving them uncertain over what is covered, and 18% believe policies are purposely designed to confuse them.
The research shows that 23% ...
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- Tuesday, November 24, 2009, 16:09
- Featured, Mortgages
New
mortgage lending and house purchase approvals increased slightly, according to the latest figures from the British Banker's Association. Mortgage lending continued to grow from the low levels at the end of 2008, but
consumer credit continued to be weak and lending to non-financial corporates fell.
BBA statistics ...
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