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Halifax to increase SVR by 0.25%

Halifax will be increasing its standard variable rate from 6.25% to 6.50% following the recent Bank of England base rate rise.

The increase for existing borrowers will come into effect at the same time as the increase in savings rates on July 1. Tracker mortgage customers will also see an increase in rates, again effective from July 1 2004. Further details will be released later this month.

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Hope for repossessed mum

The National Association of Mortgage Victims says it has seen an increase in the number of enquiries from borrowers being threatened with repossession by Mortgages PLC. NAMV administrator Carol Riley says: “Over the past few months we have had an increase in enquiries from borrowers who have found themselves under similar threats from this lender… […]

Scottish heights

Paranoia over UK property prices is now so great that the merest blip is seized upon as evidence that the housing market is finally heading for the long-anticipated crash. This paranoia extends to Scotland where figures from website Myhouseprice.com suggesting a 3% drop in prices to an average £110,388 between February and April have caused […]

County appoints Kensington to lending panel

Branded lender and packager County Mortgage Services has appointed Kensington Mortgages to its lending panel, taking its total to 17. David Wylie, managing director of County Mortgages, says: “It will enhance our ability to provide solutions to our introducers enquiries as we believe Kensington Mortgages offer niche areas of criteria in the sub-prime market that were previously […]

CA granted formal &#39super-complaint&#39 status

The Consumers&#39 Association announced yesterday that it has been granted formal super-complaint status by the Department of Trade and Industry. Super-complainant powers will allow the Consumers&#39 Association to make formal complaints to a number of government regulators including the Office of Fair Trading about markets failing to work for consumers and where consumer detriment has […]

Workie gets mean…

Last year we highlighted the launch of the Department for Work and Pensions’ (DWP) auto-enrolment awareness campaign – fronted by that nice friendly monster Workie. The Pensions Regulator (TPR), however, may not be so cuddly. In early January it issued this statement, with some of the most relevant passages reproduced below for information: “Up to half a million small […]