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Market woes

Countrywide, which closed 54 of its estate agencies during 2005, says the housing market has crashed to its lowest sales level for 30 years. Managing director Harry Hill blames last year’s four interest-rate hikes, and predicts 2005 will go down as one of the worst on record for sales.

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FSA recommends no change to FSCS and FOS compensation limits

The Financial Services Authority has published the findings of its review of the compensation and eligibility limits for the Financial Services Compensation Scheme and for the compulsory jurisdiction of the Financial Ombudsman Service.In a consultation paper published today, the FSA is recommending no change to the existing limits. The key findings of the review were […]

Market to recover in spring 2006

Smartnewhomes. com is predicting the housing market will recover from its year-long slump come spring 2006. The property website anticipates an average 2% price inflation over the year, with a slightly bigger increase in Yorkshire and Humberside, the North-East and West Midlands. The website also says that although the market is unlikely to suffer a […]

Abbey cuts rates for remortgage customers

Abbey has cut its two year rate for remortgage customers by 0.35% to 4.74%. It has also reduced the some of its trackers rates, with its two year fixed rates reduced by 0.05%, its two year tracker at 75% LTV reduced by 0.10%, and its five year fixed rates reduced by 0.10%.Lal Tawney, head of […]

The Loughborough welcomes cheque initiative

The Loughborough is welcoming an initiative to slash the opportunity for fraud against bank and building society customers.From October 2006 cheques for personal accounts made out solely to an institution are likely to be declined in certain circumstances when the name of the person who holds the account will also be required in the payee […]

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