|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
30th of December 2010
|    Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

News Tag: rates

May 21, 2010

Mortgage lending down as funding challenges persist

by Gill Montia
”Mortgage
Gross mortgage lending fell to an estimated £10.2 billion in April, down 12% from £11.6 billion in March and 1% from £10.3 billion in April 2009. According to the Council of Mortgage Lenders (CML), a slight seasonal decline had been expected as Easter fell in April this year and gross lending remains broadly in line with the CML's forecast of £150 ...




May 14, 2010

Lloyds gets cold feet over interest-only home loans

by Gill Montia
”Lloyds
Lloyds Banking Group has reviewed its interest-only mortgage offering and withdrawn the non-repayment option on loans of over £500,000. The lender, which operates the Halifax and Cheltenham & Gloucester brands, has also upped rates on interest-only loans, which are now loaded with a 0.2% premium. The end of the house price boom has left banks and building societies nervous of lending ...




March 31, 2010

Consumer group calls for investigation into ISAs

by Kay Murchie
”Consumer
Consumer Focus has warned that cash ISAs are depriving savers of £3 billion in interest each year. The consumer group has made a complaint to the Office of Fair Trading (OFT) and is calling for an investigation into Individual Savings Accounts (ISAs). ISAs, which were launched a decade ago by then Chancellor, Gordon Brown, and were introduced to encourage Brits to ...




February 21, 2010

Former Government adviser calls for credit card investigation

by Kay Murchie
”Former
Dr Ros Altmann, a former Downing Street pensions adviser, believes there should be an inquiry into the profit margins of credit card companies. Dr Altmann, who is a former academic and independent expert on pensions policy and retirement, believes there might be a case for a regulator to oversee the rates they charge. Last week, research by financial advice ...




January 23, 2010

Mortgage rate cuts from Post Office and Northern Rock

by Gill Montia
”Mortgage
Both Northern Rock and the Post Office have launched new mortgage deals with lower rates. The Post Office has cut the cost of its Bank of Ireland lifetime tracker loans from 3.29% to 2.99%, or from 3.59% to 3.49%, dependent upon the loan-to-value ratio. Bank of Ireland has also reduced the price of its five-year fixed-rate offering by 0.5% ...




January 20, 2010

Nationwide increases rates on fixed-rate bonds

by Kay Murchie
Nationwide increases rates on fixed-rate bonds
Nationwide Building Society has increased the rates on a number of its Fixed Rate Bonds and e-Bonds. These include: Three year Fixed Rate Bond and e-Bond paying up to 4.70% gross p.a./AER for balances over £25,000. Two year Fixed Rate Bond and e-Bond paying up to 4.10% gross p.a./AER for balances over £25,000. 18 month Fixed Rate Bond and e-Bond paying up to 3.50% ...




January 19, 2010

Credit card industry responds to Government proposals

by Kay Murchie
”Credit
The UK credit card industry has agreed to Government proposals to help credit card holders manage their debt. As part of a crackdown on credit card companies, the Government recently warned credit and store card firms to “clean up their act.” One of the main issues was for credit card companies to stop increasing interest rates when a customer fell behind ...




January 13, 2010

Consumers hit as credit card rates soar

by Kay Murchie
”Consumers
Despite the fact that interest rates have been on hold at the historically low rate of 0.5% since March 2009, the average credit card interest rate rose from 15.89% to 16.28% in December, according to figures from the Bank of England. The bank also revealed that the average credit card interest rate is now at its highest since September 2006. The ...




November 10, 2009

Special mortgage rates for Abbey current account holders

by Gill Montia
”Special
Abbey and Alliance & Leicester are offering preferential mortgage rates to some existing customers. The lenders, both part of the Santander group, are enticing current account holders who have been with the banks for six months or more with new deals available in branch or on the telephone. The range includes fee-free tracker and fixed-rate home loans, plus an offset mortgage, ...




October 26, 2009

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

by Kay Murchie
”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 ...




September 17, 2009

Woolwich launches one-year tracker at 1.98%

by Gill Montia
”Woolwich
Woolwich has announced its second round of mortgage rate cuts this month. From today, the lender is introducing a one-year tracker mortgage at 1.98% for a 60% loan-to-value (LTV) deal, which comes with a £999 fee. The Barclays-owned firm is also cutting rates on its two-year 70% LTV fixed-rate deals with a £999 fee, to 3.99%; or 4.09% with a reduced fee of ...




August 4, 2009

Nationwide cuts rates by 0.5%

by Gill Montia
”Nationwide
Nationwide has cut rates by up to 0.5% on some of its fixed-rate and tracker mortgages, from today. Reductions have been applied to its two-year and three-year fixed-rate loans and two-year tracker deal, both for new customers and remortgagers. However, also from 4th August the building society will be retaining £99 of its existing reservation fees, having introduced a non refundable booking fee ...




July 8, 2009

Nationwide “throws down the gauntlet” with new bond rates

by David Masters
”Nationwide
Nationwide Building Society yesterday increased the interest it pays on fixed-rate bonds and e-Bonds, with a headline interest rate of 5%. The fixed-rate bonds are available to anyone, while the e-Bonds are available online to any Nationwide customer with a Nationwide FlexAccount. Both accounts are available for one year, 18 months, two years, three years or five years. The interest rate ...




June 29, 2009

Tracker/fixed-rate dilemma unravelled

by Gill Montia
”Tracker/fixed-rate
The tracker versus fixed-rate dilemma that currently faces homeowners has been investigated by moneysupermarket.com, with the odds laid out as follows: Mortgage borrowers on tracker rates saw their monthly repayments fall substantially, as the base rate plummeted to 0.5%. However, further falls in the base rate are unlikely whereas a rise is inevitable, probably by the end of the year. This prospect makes the idea of a ...




May 5, 2009

Woolwich lowers rates by up to 0.7%

by Gill Montia
Woolwich lowers rates by up to 0.7%
Woolwich is cutting rates across its range of mortgages, by up to 0.7%. A two-year fix at 80% loan-to-value (LTV) ratio is available at 4.99%, representing a reduction of 0.4%, while a three year fixed-rate deal at 70% LTV comes 0.5% cheaper at 3.99%. In addition, the Barclays-owned lender's offset tracker mortgage is down 0.5% to Bank of England base rate ...




March 17, 2009

Nationwide increases tracker rates

by Gill Montia
Nationwide increases tracker rates
Nationwide Building Society is increasing rates on some of its mortgage deals by up to 0.3%. From 18th March, remortgagers with a 40% deposit will pay interest at 3.93% for a two-year tracker, up from 3.63% previously. Homeowners with only 25% of equity in their properties will be charged at 5.08% for a similar deal, while existing Nationwide customers who need to borrow ...




February 18, 2009

Woolwich cuts “fix and track” rates

by Gill Montia
Woolwich cuts
Woolwich has reduced rates on several of its "fix and track" loans for remortgagers. The lender, which forms part of the Barclays group, has cut the rate on its two-year fix and track by 0.5%, to 3.89% while the rate on a three-year fix and track is down by 0.7%, to 3.99%. Both types of loan revert to a tracker rate of 1.49% ...




January 20, 2009

Nationwide cuts fixed rates

by Gill Montia
Nationwide cuts fixed rates
The UK's third-largest mortgage lender, Nationwide, is cutting the cost on its fixed-rate home loans by up to 1%. The building society will be reducing rates on its two, three and five year fixed-rate deals from 21st January. A two-year fix will be available at 4.39% (down from 4.88%) for up to 60% loan-to-value (LTV) and a £995 fee. For the same deal with no fee ...




January 13, 2009

Tracker and SVR mortgage rates fall to five-year low

by Gill Montia
Tracker and SVR mortgage rates fall to five-year low
Latest figures from the Bank of England show that rates on new tracker and standard variable rate loans have fallen in recent weeks, however those with less than a 25% deposit remain locked out of the best deals. Tracker loans are linked to the base rate and at the end of December, the cost of the average two-year tracker ...




December 21, 2008

Abbey cuts fixed rates again

by Gill Montia
Abbey cuts fixed rates again
Abbey has cut the cost of its fixed-rate mortgages for the second time in a fortnight. From 19th December, the lender's two, three and five-year fixed-rate deals include: A two-year fix at 4.64% with a maximum 75% loan-to-value (LTV) ratio. Up to £150,000 can be borrowed and a £549 fee applies. A three-year fix at 4.64% and 60% LTV with a £995 fee, or at ...




Next Page »