Brokers and borrowers were outraged when Bank of Ireland decided to double the rate of 13,500 of its tracker customers. The lender has since reversed the hike for 1,200 of these borrowers to “treat customers fairly” but the remainder have started legal proceedings against the stricken lender.
According to the Office for National Statistics, UK retail sales during the run up to Christmas rose by 0.3 per cent this year. It does not sound a lot but every year the figure increases. As expectations for the latest gadgets or games console grow, so do stress levels in parents desperate not to disappoint. […]
The number of mortgage products available has increased 37.5 per cent in the past year, according to Mortgage Advice Bureau. Using data from Moneyfacts.co.uk, MAB says there were 12,032 products available in November compared to 8,748 a year earlier. This is the first time since MAB began tracking the figures, in April 2009, that the […]
Well, another year has come and gone but for the first time in a number of years there is a sense of optimism in the air. So as we head into the New Year, we thought it would be a good idea to look back at some of the biggest stories that shaped 2013. We […]
Goldenballs Budding celebrity-spotter and part-time mortgage reporter Devraj Ray was bitterly disappointed this week to miss what he ruefully claimed would have been the “scoop of a lifetime”. Alerted to the arrival outside the Mortgage Strategy office of his all-time hero, David Beckham, Ray sprinted at top speed down to the street in search of […]
The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath.
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