19th August 2009
Over the last year, the financial sector has witnessed some extremely turbulent times, beginning with the credit crunch and moving into the recession. This has made us all more aware of our financial well-being, encouraging people to become more frugal wi...
19th August 2009
The independence of mortgage brokers will be under threat in coming months, after the bigger banks joined into a new policy dictating a minimum limit to the number of loans expected for approval, penalising those that fail to meet this number through "re-...
19th August 2009
Savers are beginning to enjoy better rewards again after banks and building societies continue to offer more competitive deals in order to raise money to fund new mortgages and clear previous wholesale borrowing before the financial crisis.
Figures fro...
19th August 2009
It is common knowledge that Individual Savings Accounts (ISAs) have been offered as the “no-brainer” tax free method for saving without having to pay tax on the interest earned. But recent surveys show that they may no longer be the best option.
IS...
13th August 2009
Britons are becoming more responsible with the way they handle money as a direct result of the financial downturn, new research indicates.
As the economic crisis rumbles on, new figures show people are taking a more responsible approach to money manage...
13th August 2009
Despite the falling cost of travel, those going away are being reminded to make themselves aware of the various expenses that jetting off can incur.
Although the cost of air travel has fallen over recent years that should not be an excuse for people no...
13th August 2009
According to UK lenders, the total number of mortgages granted to home buyers in June increased by 23% compared with May.
The Council of Mortgage Lenders (CML) has said that around 45,000 mortgages were approved for property purchases in June, falling ...
13th August 2009
The Bank of England has today announced plans to inject a further £50billion through its quantitative easing programme – a process used to help stimulate the economy by putting more money into circulation.
The new plans will increase total spendings...
13th August 2009
According to new research carried out by financial group Moneyfacts, almost 50% of all current accounts offered to consumers provide no return on their money.
The number of accounts paying no returns at all has risen from 19% recorded a year ago, to 49...
13th August 2009
Lloyds Banking Group are the next major bank to reveal losses after releasing the first half year figures from 2009. The group has put the mounting losses down to its acquisition of HBOS, which took place in January.
The firm made a £4billion loss fro...
02nd August 2009
According to the land registry, the cost of houses across England and Wales increased on a month-on-month basis for the first time since January 2008.
The results from a survey, which compares the price of homes recently sold with the price paid previo...
02nd August 2009
The housing market has shown further signs of improvement throughout the summer, recent figures have revealed.
A survey carried out by the Bank of England showed that the number of mortgages approved for house purchases last month rose from 44,169 in M...
02nd August 2009
The Investment Management Association (IMA) have revealed that last month, investment ISA net sales reached £247million, marking the highest quarterly ISA sales seen in six years.
ISA sales are not the only investment products that have seen an increa...
02nd August 2009
It has been revealed that Nationwide - the UK's largest building society, believes there is a "reasonable chance" that 2009 will end with house prices standing higher that they were at the start of the year.
This was branded an “unthinkable” scenar...
02nd August 2009
It has been reported that around 19,000 shops have been forced to close this year in England and Wales, made up of about 12,000 independent outlets and almost 7,000 branches of major chains.
According to the Local Data Company (LDC), the average retail...
