Abbey is applying the Bank of England’s recent 0.25% base rate cut to its SVR and base rate tracker mortgage deals.
The Office of Fair Trading has won the first step in its landmark test case against banks over unfair overdraft fees.
While watching a recent debate on television regarding the liquidity crisis, somebody asked the question: “Are we guilty of talking ourselves into a recession?” which made me think, are we? Speaking to one packager this week, he informed me that he was recruiting eight new business development managers because he believed the market would soon […]
Independent research from NMG Financial Services Consulting shows that packager usage is 5% higher in Q1 2008 than it was the same time in 2007.Despite this it also shows that packager usage is slowing in the Q1 of 2008.Sue Traskowski, head of broker services at TFC Homeloans, says: “As product choice has reduced, brokers are […]
Cardiff-based property financier Kingswood Associates is calling on landlords to release equity from their properties before it’s too late. It says it has become harder for them to refinance because of the credit crunch. John Phillips, managing director of Kingswood, says: “As the market tightens landlords must raise the finance they need quickly.” He adds […]
New HMRC figures show number of ‘mothers missing out on millions’ in pension rights has doubled in two years – Steve Webb Figures published on 24th March by HM Revenue & Customs show a doubling in the number of mothers missing out unnecessarily on vital pension rights because of a change in the rules on Child […]
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