|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
12th of July 2011
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

News Tag: products

July 5, 2011

Report reveals rise in mortgage availability

by Kay Mitchell
”Report
Figures from Moneyfacts have revealed in the number of mortgage products. The credit crunch resulted in a tightening of lending criteria and mortgages have been hard to secure without a substantial deposit. However, the number of different mortgage products has risen to its highest level since November 2008, according to Moneyfacts, due to increased competition. In particular, mortgages offering just a 10% deposit are ...




April 18, 2011

N&P fined for mis-selling Keydata products

by Kay Mitchell
N&P fined for mis-selling Keydata products
The Financial Services Authority (FSA) has today announced that it has fined the Norwich and Peterborough Building Society (N&P;) £1.4 million for giving unsuitable advice on its Keydata products. The Watchdog said the group failed to properly assess the financial circumstances of many of its customers and often designated them as having a higher tolerance of risk than was appropriate. N&P;, which ...




March 23, 2011

Norwich and Peterborough to repay £57m to Keydata investors

by Kay Mitchell
”Norwich
The Norwich and Peterborough Building Society (N&P;) is to repay £57 million in compensation to customers who were sold its Keydata product. N&P; sold Keydata products from 2005 but it was placed into administration in 2009, with 30,000 UK investors facing the loss of £450 million. The collapse of Keydata represents the largest investment failure the Financial Services Compensation ...




February 28, 2011

Northern Rock to launch 90% LTV mortgage range

by Kay Mitchell
Northern Rock to launch 90% LTV mortgage range
Crisis-torn lender, Northern Rock, is understood to be launching a series of mortgage products which require just a 10% deposit (90% loan-to-value). The announcement, revealed by the Financial Times, comes as mortgage lending continues to remain subdued as first-time buyers, in particular, struggle to obtain a mortgage unless they have a substantial deposit. Since the credit crunch more than three years ...




December 2, 2010

Mortgage products increase but FTBs still struggling

by Kay Mitchell
Mortgage products increase but FTBs still struggling
First-time buyers (FTBs) are still struggling to get a foot on the ladder, despite a steep rise in the number of mortgage products available. Mortgage deals for those with a small deposit has doubled, according to Moneyfacts.co.uk, with more than 1,000 mortgages on the market for those with a 20% deposit or less. However, while those with lower deposits have seen an ...




July 19, 2010

Savers hit as NS&I withdraw some products

by Kay Mitchell
”Savers
Government-backed National Savings & Investments (NS&I;), which runs Premium Bonds and a variety of savings products, has today announced its Savings Certificates have been withdrawn from the market. These saving products, which are linked to the inflation rate, have been withdrawn because sales "far exceeded" the level anticipated, said NS&I.; In the meantime, NS&I; said it is trimming the interest rates paid ...




December 2, 2009

Government unveils financial plans for the Post Office

by Kay Mitchell
”Government
The Government has outlined plans for the Post Office to become a ‘people’s bank’ by offering financial products. The proposals, led by Business Secretary Lord Peter Mandelson, will create a ‘People’s Bank’, which will see Post Office outlets as the backbone of a new national bank. According to the Government, the plans will turn the Post Office into "a leading player ...




October 26, 2009

NS&I hopes to attract more savers as it raises rates

by Kay Mitchell
”NS&I
Government-backed National Savings & Investments (NS&I;), which runs Premium Bonds and a variety of savings products, has unveiled a rise in the interest rates on some of its policies. The news will be welcomed by savers who have been suffering amid the historically low interest rate environment. NS&I; said rates on its guaranteed growth bonds and guaranteed income ...




July 8, 2009

Mortgage products shrink by 90%

by Gill Montia
”Mortgage
New research from moneysupermarket.com shows that the number of mortgage products available in the UK has plummeted to a record low. According to the price comparison website, borrowers have just 2,282 deals to choose from, or less than half the number of loans available a year ago. Compared to the height of the property boom in August 2007, home loan options have shrunk by ...




May 28, 2009

Wolseley hit by challenging conditions, profits down 80%

by Kay Mitchell
”Wolseley
Wolseley, which is one of the UK’s largest suppliers to builders, has reported a massive drop in profits today sending its shares plummeting by 15%. The company, which owns the Plumb Center and Build Center chains, said that in the nine months to 30 April, pre-tax profits fell by 80% compared with the same period a year ago. In March this ...




September 30, 2008

Five hundred mortgage products disappear overnight

by Gill Montia
Five hundred mortgage products disappear overnight
The rescue of Bradford & Bingley (B&B;) has prompted a mass withdrawal of mortgage products from the already depleted UK market. According to financial website, Moneyfacts, around 500 home loans have been withdrawn since the beginning of this week. The number of mortgages available for residential and buy-to-let borrowers fell 11% in 24 hours to 3,469. Residential mortgages now number 2,988 while buy-to-let ...




Mortgage News feed Mortgage News

All Financial News feed All Financial News