FSA hunts traders that started rumours about HBOS
March 31, 2008 | Leave a Comment
According to a recent report the Financial Services Authority, the UK’s financial regulator, is set to weed out the unscrupulous traders accused of starting rumours in the stock markets about the parent company of one of the nation’s biggest mortgage lenders.
Balance Transfer Caps Are Disappearing
March 14, 2008 | Leave a Comment
The number of bargain balance transfers available for credit cards is shrinking. The number of capped fees has fallen by around two-thirds in the last 12 months.
Nationwide Increases Deposits For Its Best Rates
March 12, 2008 | Leave a Comment
People buying homes in London have been told by Nationwide – Britain’s building society – that they will need to pay a deposit of at least £75,000 to avoid higher mortgage costs. The building society has moved to increase deposits to get its best rates from 10% to 25%.
Nationwide Reports Another Fall In House Prices
March 10, 2008 | Leave a Comment
Nationwide – Britain’s biggest building society – has reported a fall in house prices in February, for the fourth month in a row. Average house prices fell by 0.5% in the month, leaving the annual rate of house price inflation down at just 2.7%, well down on January’s figure of 4.2%.
Falling Home Ownership In Brown’s Britain
March 7, 2008 | Leave a Comment
Home ownership is on the decline in Britain. The percentage of people who own their own home has fallen to its lowest level in a decade, dropping below the 70%.