Articles, tagged with "british bankers association", page 2

Credit Cards trends alter amid financial crisis

The credit card industry has seen many changes throughout the last quarter of 2008 to present, largely due to the credit crunch. Although providers have become more selective over who they will approve credit to, the market has seen an increase in com... Read >
Author: Samuel Gooch

Is The Mortgage Market Back On Track?

Since the credit crunch, the mortgage market has been left suffering from a great freeze after more and more lenders became increasingly reluctant to lend. As a result, a number of mortgage products such as the 100 per cent mortgage became extinct. Fir... Read >
Author: Arti

Doing the business

It is widely believed that it is the small and medium sized (SME) businesses community that will provide the drive and momentum that will eventually lead the country out of the current recessionary period. For that reason it is pleasing to see some positi... Read >
Author: Graeme Knights

Investors 'playing it safe' in the money markets

While there have been suggestions from some quarters that the recession may be coming to an end and the stock markets have become relatively stable, it appears many are still unwilling to take serious risks when it comes to investment. The FTSE 100 Ind... Read >
Author: Graeme Knights

Mortgage Approvals Fall By 60 Per Cent In One Year To Reach Record Low

Figures show that the downturn in Britain's mortgage market is crippling homeowners who are trying to get a new loan deal. The number of people succeeding in re-mortgaging has fallen by almost 50 per cent. The most severe drop since the credit crunch bega... Read >
Author: michael challiner

Housing Market Not Set to Recover Soon

What's in Store for 2009 & Beyond? At the end of 2008, the industry consensus was that housing prices would fall by a total of 30% from the peak achieved in the autumn of 2007. Figures released by the Halifax in January 2009 revealed that the cost of t... Read >
Author: PJL

Is The Property Market Improving?

In the past year, the property market has suffered a big blow as a result of the current financial crisis as lenders became more reluctant to approve mortgages. According to Benjamin Williamson, of the Centre for Economics and Business Research, lendin... Read >
Author: Arti

Watching the Market Turn: Where UK landlords should really be looking

In February, those with their eye on the UK housing market would have noticed the confusing and conflicting data given by two of the leading house price indices, Halifax HPI and Nationwide HPI. At that time, whilst the latter had published a recent drop ... Read >
Author: MarkeD

Appeal Court rules that the Office of Fair Trading does have the power to investigate bank charges 2

The appeal by eight banks against the decision of the High Court regarding whether or not the OFT have the authority to deal with the fairness of bank charges has been thrown out. The judges also told the banks that they could not take the case to the ... Read >
Author: bankrebate

Volume of home loans falls to new low.

There has been a reduction of almost 40% in the number of new loans for home buying being agreed in the last 12 months. Figures which the British Bankers Association refers to show that from 65,000 in April last year, the total of loans issued in April th... Read >
Author: michael challiner

UK Economy Should Recover After Interest Rate Cut

The economy will be helped to recover by the Bank of England's interest rate cut, it has been claimed. Vicky Redwood from Capital Economics stated that last week's base rate cut will increase confidence within financial markets, adding that rates are "pro... Read >
Author: MarkeD

Banking Facts and Figures: What Happens Every Ten Minutes in the UK?

Ever wondered how busy the UK's banks really are when it comes to processing the number of transactions you make on your current and other bank accounts? There are over 60 million people in the UK, of which approximately 90% are estimated to have a ba... Read >
Author: Vicky Cochrane

Mortgage approvals slump to all time low

Recent research from the British Bankers Association revealed that mortgage approvals hit their lowest level since their records began in 1997, with less than 28,000 mortgages for homebuyers approved in May 2008 - a figure nearly 60 per cent lower than th... Read >
Author: Daniel Collins

The Mortgage Crisis

Large banks in Britain such as HSBC, Barclays and Nat West approved less mortgages in May since the same time in 1997. The cause of this is reluctant buyers, high asking prices and increasing household outgoings. The British Bankers Association said that ... Read >
Author: Linsey Summers

Loans Slump Helps Trigger Rescue Plan From The Bank Of England

March 2008 saw the lowest ever number of people taking out mortgages to buy homes with the amount falling by 46 per cent over a year to 35,417 house buyers wanting loans. At there peak, banks were handing out over 3,000 mortgages a day; however that nu... Read >
Author: Phil

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