Swaps had a mixed week, with longer term money rates increasing. It would be ironic if lenders used this as an excuse to increase their fixed rates after ignoring the recent massive falls.1-year money is down 0.14% at 2.43%2-year money is unchanged at 2.89%3-year money is up 0.1% at 3.15%5-year money is up 0.15% at […]
The Royal Bank of Scotland’s announcement that it is delaying repossession orders by six months is akin to putting a plaster on a wound and ignoring the source of infection.
Although the recent Queen’s Speech promised measures to transform the banking sector’s voluntary code of practice into a legally binding one, the government still seems powerless to control banks’ worst excesses despite its stakes in several of the biggest players.
HSBC will continue to shut brokers out of its offerings in 2009 despite increasing its mortgage lending by just over 17%.
By Jim Grant, Senior Product Insight & Technical Support Analyst The definitions of adjusted income and threshold income used to determine whether, and to what extent, someone’s annual allowance will be reduced can be confusing. Here we try to make sense of it all. The annual allowance will be reduced for high income individuals from […]
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