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11th September 2009
An investigation organized by Egg says consumers have greatly underestimated the amount that credit cards are used throughout the United Kingdom, what this means is consumers are spending a lot more than they think. The investigation revealed that when co... Read >
Author: wbdoyle07th September 2009
The amount of approved home-loans hit a 17-month high last month, which has sparked new claims that the housing market is emerging from recession.
Figures from the British Bankers' Association (BBA) showed that in July, banks approved 38,181 mortgages,... Read >
Author: Sam Gooch28th August 2009
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 Gooch15th August 2009
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: Arti18th July 2009
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 Knights28th June 2009
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 Knights12th June 2009
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 competi... Read >
Author: Which4u04th June 2009
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 challiner15th May 2009
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: PJL12th May 2009
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: Arti11th May 2009
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: MarkeD06th March 2009
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: bankrebate04th January 2009
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 challiner01st December 2008
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: MarkeD07th October 2008
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 ... Read >
Author: Vicky Cochrane17th July 2008
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 Collins15th July 2008
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 Summers11th July 2008
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 06th July 2008
Very bad mortgage lending statistics and a profit warning Bradford & Bingley yesterday underlined the crisis facing the housing market as the credit crunch continues.
The Bank of England said new mortgage approvals in April dropped to a record low, muc... Read >
Author: Mildred05th June 2008
Each month, a raft of facts and figures emerge relating to property, whether it is a house price index, investor confidence report or details on who is buying where. This data is then analyzed and absorbed by first-time buyers, existing homeowners and buy... Read >
Author: Assetz UK22nd May 2008
Bank customers getting assistance from 'no win no fee' lawyers because of overcharging has sparked debates on the necessity of legal help.
Reports from banks show a large increase in customers attempting to claim back charges that were made for going... Read >
Author: Linsey Summers20th May 2008
The act of re mortgaging one’s house should never be taken lightly – after all, one is playing with the very roof over one’s head. Never the less, it can be a useful tool in obtaining more capital with which to make investments, or to use to raise m... Read >
Author: Jack Harris22nd January 2008
Broadband speeds differ a tremendous amount throughout the UK, but if you’re “out in the country”, it’s a fair bet that the speeds you’re experiencing are far from what you would like.
A study published by the Commission for Rural Communities... Read >
Author: Liam Gerken14th November 2007
Fears over the state of the UK housing market are on the rise, prompted by the announcement from the British Bankers’ Association that mortgage approvals for September fell 14% compared to August.Total mortgage approvals for the month of September 2007 ... Read >
Author: pmcindoe22nd August 2007
UK credit card holders paid a staggering £240 million in ‘transfer fees’ switching their balances to interest-free deals last year, prompting the threat of an investigation by the Office of Fair Trading. Used as a debt management tool by consumers co... Read >
Author: Adam Singleton11th July 2007
All loan providers should follow the banking sector's code for responsible lending, an industry expert has suggested.
According to Angela Knight, chief executive of the British Bankers' Association (BBA), credit suppliers who exist outside of the indus... Read >
Author: ARouse05th July 2007
Despite recent reports of a fall in borrowing Britons are still set to experience debt problems, an industry expert has warned.
According to James Falla, director of Thomas Charles, the announcement from the British Bankers' Association (BBA) that an i... Read >
Author: ARouse31st May 2007
With Britain's levels of credit card debt having exploded over the last decade, money experts and consumer bodies have begun to keep a closer eye on the patterns of credit card usage across each month. A recent study released by the British Bankers Associ... Read >
Author: Elisha Burberry11th May 2007
Over the last decade, the mortgage market in Britain has been transformed by a continually increasing demand for buy-to-let mortgages. Buy-to-let mortgages are usually taken out by people who already own a UK property, but are seeking to a buy a property ... Read >
Author: Andrew Regan27th April 2007
A recent study conducted by the British Bankers' Association (BBA) has concluded that consumers who wish to acquire a secured loan would be better off going to larger, merged banks as opposed to smaller ones.
According to the BBA survey, larger banks o... Read >
Author: Andrew Regan05th December 2006
Credit cards have become an increasingly integral part of our financial system over the last century. Types of credit cards and consumer credit choices have continued to flourish across the world and, while many credit card companies have come under fir... Read >
Author: martymac17th November 2006
There's no room for complacency when it comes to running a business, and running your account is no different. You should check your statements carefully, and have a periodic review of the market to make sure your account is still the best one for your ... Read >
Author: Joseph Kenny02nd October 2006
At one time, borrowing money from the bank would have involved getting out the best suit and grovelling to the manager.
These days, banks ring customers at home and ask them if they want to take out a loan. In fact, they almost give you hard time if y... Read >
Author: michael challiner16th August 2006
It is a new rule that may have the banks running scared. As of May 31, money lenders are no longer allowed to charge sky-high penalties for late payments on credit cards, store cards, mortgages, loans and overdrafts. The most they are, in fact, allowed to... Read >
Author: michael challiner30th June 2006
Recent talk within the housing market of a possible slow down, marking an end to the mini boom which has been gradually pushing house prices up across the country, seem to have been premature. The latest figures from the British Bankers' Association (BAA... Read >
Author: Richard Green08th June 2006
Banking experts estimate that up to 5bn may be sitting unclaimed in UK bank accounts that have gone 'dormant'. What does this mean, and could you be entitled to a share in this huge amount of idle money?
A bank account goes dormant when, in the words ... Read >
Author: Nicholas Hunt26th October 2005
An investigation organized by Egg says consumers have greatly underestimated the amount that credit cards are used throughout the United Kingdom, what this means is consumers are spending a lot more than they think. The investigation revealed that when co... Read >
Author: Peter Kenny
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