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Sunday 21st of March 2010

News Tag: incentive

September 7, 2009

Santander offers £100 to new customers

by David Masters
”Santander
Abbey and Alliance & Leicester (A&L) are offering new customers a £100 incentive to switch to their current accounts. The Santander-owned banks are offering the bonus to new customers opening an Abbey Preferred Overdraft Rate account or an A&L Premier Account from today. To receive the cash bonus, customers must fund the account with a minimum of £500 per month at A&L, or ...



April 22, 2009

Halifax entices borrowers with Council Tax offer

by Gill Montia
Halifax entices borrowers with Council Tax offer
As of this week, Halifax is plying homemovers and first-time buyers with a new offer that provides help towards the cost of running a home. Borrowers can have 50% of their council tax bill paid by the lender during the first year in their new residence, with all payments being made direct to local councils. There is a ceiling to Halifax's generosity ...



April 16, 2009

Government scheme to give cash if you trade in your old banger

by Kay Murchie
”Government
The Government is planning to offer a cash incentive to motorists who trade in their old car for an environmentally-friendly car. The “scrappage scheme”, which pays consumers to get rid of their old cars and replace it with a more environmentally friendly car, has proved successful in Germany, who recently reported a 40% increase in new ...



February 13, 2009

RBS unveils ISA for first time savers

by David Masters
RBS unveils ISA for first time savers
RBS has launched a new cash ISA paying up to 3.51% interest. The Cash ISA Plus account is aimed at new savers opening an ISA for the first time. As such, it does not accept transfers from other ISA accounts. Minimum deposit is just £1, and up to £3,600 can be deposited every tax year. To open a Cash ISA Plus, customers ...



January 21, 2009

Asda offers Child Trust Fund incentive

by David Masters
Asda offers Child Trust Fund incentive
Asda Financial Services is offering parents-to-be an incentive to pre-register for the Asda Child Trust Fund. The supermarket's banking division is giving away money off vouchers for 12 Asda products and a free Family Money Guide to families who pre-register online. Claiming the freebies does not obligate parents to stay with Asda for the trust fund. However, those who do choose to open a ...



December 23, 2008

VAT cut criticised by IMF chief economist

by Kay Murchie
”VAT
The recent 2.5% cut in VAT has been criticised by Olivier Blanchard, an International Monetary Fund economist. VAT was cut from 17.5% to 15% from Monday, December 1 for 13 months in an attempt to boost spending. However, Mr Blanchard believes the temporary cut in VAT is not a good idea would not significantly change the behaviour of shoppers, adding that the ...



June 11, 2008

CML acts on new build property valuations

by Gill Montia
CML acts on new build property valuations
The Council of Mortgage Lenders (CML) has published plans that will sharpen up lending practices in relation to new homes. From 1st September, new standards for the professionals who act for lenders on newly-built property transactions will apply. They aim to ensure that valuations and conveyancing procedures reflect the market value of a property and to make it more difficult for ...