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Abbey to raise SVR and base rate tracker by 0.25%

Abbey has raised its SVR and base rate tracker mortgages by 0.25% following the latest Bank of England rate hike.

Abbey&#39s standard variable mortgage rate will increase by 0.25% to 6.50%. Variable tracker rate mortgages, which automatically follow changes in the base rate, will increase by 0.25%. Rates will change at the beginning of July for existing borrowers and on June 14 for new business.


The Cheshire announces two senior level appointments

The Cheshire has announced two senior level appointments. Robert Mee has been appointed as a non-executive director and Noelle Brelsford to the newly-created executive post, head of eChannels. The appointments are made as the society continues to grow and shortly before it expands into Manchester, with a new branch opening in the city centre later […]

House prices 64 times higher since first European Championship

House prices are 64 times higher since the first European Championship, a report from Nationwide reveals. In a special football-related report, ahead of the Europe 2004 Championships, Nationwide reveals that house prices have risen 19% per year since Sven Goran became coach of the England team, while house prices are more than 2.5 times higher […]

Moneyfacts rebuilds mortgage databases to produce accurate KFIs

Moneyfacts has announced details of its preparations for mortgage regulation. Moneyfacts says the scale of the new data that will be required to produce accurate and comprehensive KFIs has led it to completely rebuild its mortgage databases over the last 12 months. It says this extensive work has been guided by the results of research […]

Mortgage Trust launches fixed rate deal at 5.99%

Mortgage Trust has launched its latest fixed rate product with a rate of 5.99% fixed until September 30 2005. The rental calculation is based on the fixed rate and the product has a maximum LTV of 85% with no early redemption charges applicable beyond the fixed rate duration. Mortgage Trust says the product is ideal […]

Don’t play chicken with the Bank of Japan

By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]


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