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Second homes boom predicted

Research by financial marketing specialist Teamspirit shows the self invested personal pension provision is likely to cause an increase in the number of people purchasing second homes.

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Prices rise

The Halifax House Price Index highlights an increase in house prices in September but a house price inflation rate lower than the same time last year. Martin Ellis, chief economist at Halifax, says: “House prices rose 1.2% in September and 1.8% in the third quarter.”

Are headline-grabbers the best deals?

BM Solutions recently launched a batch of mainstream products starting at 3.75% in what was considered by some as a move to stave off negative publicity after the departure of key staff. Though the headline rates grabbed the attention of brokers, the fee of 1,499 led some to comment that the deals would only be […]

Mutuals lower minimum balance criteria

During the last few weeks, a number of building societies have drastically reduced the minimum opening balance required to open some of their accounts.Rachel Thrussell, head of savings at Moneyfacts.co.uk, says: The savings market has become increasingly competitive over the last couple of years, and even more so recently with some of the high street […]

Haresnape to leave RBS

Charles Haresnape is to leave the Royal Bank of Scotland this Friday as director of NatWest Mortgages.Haresnape says he is considering a number of offers, but will be staying within the mortgage industry.He says the move comes after a restructure within the company, and although his replacement has not been decided upon, it is thought […]

India budget: BJP focuses on growth

By Kunal Desai, Head of Indian Equities

With markets kept open on Saturday, finance minister Arun Jaitley delivered a promising budget focused on growth and decentralisation. While many complained about a six-day working week, there was much to be pleased about and the markets rallied in the afternoon to finish in the green.

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