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Halifax increases SVR

Halifax has revealed it will be increasing its standard variable rate from 6.50% to 6.75%, following the interest rate rise.

The increase for existing borrowers will come into effect at the same time as the increase in savings rates on September 1.

Tracker mortgage customers will also see a 0.25% increase in rates, again effective from September 1.


London house prices fall by 1%, says haart

The average London house price has fallen by a further 1% in July to 245,017 from 247,703 in June but prices are 8% higher than they were this time last year, research from haart estate agents reveals. Despite the predicted bounce back in activity post World Cup, rising activitylevels have been stifled during the hottest […]

Prices rose in July

Halifax’s house price index reveals house prices rose 0.2% in July following declines in May and June.

Lenders slammed

Liberal Democratshadow chancellor Vince Cable has criticised lenders for “irresponsible behaviour” following Lloyds TSB’s move to increase provisions to cover bad debts.

AMI launches factsheet on European regulation

The Association of Mortgage Intermediaries has launched its latest factsheet entitled A Guide to European Financial Services Legislation. The impact of the European Commission on UK financial services continues to increase. The Commission has already turned its attention to mortgages (both first and second charge) with the publication of a Mortgage Credit Green Paper, which […]

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Financial advice can benefit customers by £40,000

New research shows those customers who receive financial advice can be better off on average by £40,000 We’ve sponsored a research project with the International Longevity Centre – UK (ILC-UK) to produce ‘The Value of Financial Advice’ report. This independent research demonstrates that customers who take financial advice can, on average, be £40,000 better off than those […]


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