- Wednesday, October 21, 2009, 12:52
- Energy
The latest Annual Report on Fuel Poverty Statistics 2009, published today by the Department of Energy and Climate Change, has revealed that fuel poverty levels hit 4 million in the UK and England in 2007, and levels are expected to continue to rise.
In 2007, there were around 4 million fuel poor households in the UK, up from 3.5 million in 2006. In England, there were ...
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A new survey form Which? has revealed that there is still widespread consumer resentment against the banks following the
financial bailouts of last year.
As Which? launches its 'Britain Needs
Better Banks' campaign, the research shows that almost two thirds of people are still angry with the banks for, in their view, causing ...
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- Tuesday, October 13, 2009, 11:37
- Mortgages
The
mortgage market is on two speed settings, according to the latest data released by the Council of Mortgage Lenders, which observes that house purchase lending continues to recover but
remortgaging continues to decline.
The number of house purchase loans in August (53,000) fell 5% from July but were 29% higher than August a ...
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- Friday, October 9, 2009, 14:54
- Mortgages
A new report from
Abbey Mortgages argues that potential first time buyers would be better off buying a property than continuing to rent. The only exception to this, it argues, is those looking to buy in London who would pay more in order to buy a home (including purchase price and
mortgage repayments) than to rent.
According to the bank's research, 1.61 million Britons ...
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- Thursday, October 8, 2009, 13:48
- Featured, Mortgages
The Bank of England's Monetary Policy Committee today voted to maintain the official
Bank Rate paid on commercial bank reserves, known as the 'base rate' at 0.5%.
The Committee also voted to continue with its programme of asset purchases totalling £175 billion financed by the issuance of central bank reserves.
The Committee ...
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- Wednesday, October 7, 2009, 15:11
- Featured, Mortgages
Abbey, part of Spanish banking group Santander, has lowered its fixed rates by up to 0.11% and launched two new tracker rates at 2.94%.
The new
fixed rates are available through both Abbey and
Alliance & Leicester
branches from today.
The 70% loan to value (LTV) two-year fix homebuyer product is available at ...
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Shadow Chancellor George Osborne's caused a stir at the Conservative Party Conference when he revealed that the Conservatives intend to withdraw child trust fund payments from all but the poorest third of families if they come into power at the next general election.
Child trust funds offer a way for
parents ...
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- Monday, October 5, 2009, 11:23
- Debt Management
A new report from moneysupermarket.com has revealed that more than half (51%) of Brits aged over 50 hold debt other than their
mortgage.
The average
debt among over 50s is nearly £6,734, according to the research, with over a fifth (22%) stating that they have taken on more debt in the last 12 months. 5% ...
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- Tuesday, September 29, 2009, 14:14
- Debt Management, Featured
With the
economic downturn rumbling on, new research from Simplyhealth has revealed that over a third of Britons wish they had been more responsible with money.
The Bothered Britain Report, looks at how attitudes and behaviour have changed in the past year towards money and health related issues,, and what concerns us ...
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- Monday, September 28, 2009, 13:36
- Featured, Personal Finance
The 24
bank and building society members of the UK Domestic Cheque Guarantee Card Scheme have announced that the Scheme will close on 30th June 2011, meaning that it will no longer be possible to guarantee a cheque under the Scheme after this date.
The Cheque Guarantee Card Scheme was established in 1969, before the ...
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