What does the banks’ victory mean for you?
January 31, 2010
Last year banking customers, campaigners, and various industry groups in the UK received the news that they thought that they would not hear but had been dreading at the back of their minds. After nearly two years of legal battles and appeals it was announced that the banking industry had won the case into bank charges, which had been brought by the Office of Fair Trading. Read more
No change in interest rates for January
January 27, 2010
There has been no further change in interest rates for the month of January. An announcement was made by the Bank of England following the Monetary Policy Committee meeting for January, where it was confirmed that the base rate was to remain at 0.5 percent, where it has been since March 2009. The current base rate is at its lowest level in the central bank’s three hundred and fifteen year history. Read more
Further pay freezes for workers this year
January 26, 2010
The Confederation of British Industry has made a number of predictions recently, and has issued a warning stating that workers should prepare themselves for another year of pay freezes. The CBI has stated that with unemployment levels expected to increase until the autumn of this year it is unlikely that employers will be willing to agree to pay rises, which means that workers will have to cope with a second year without any pay rises. Read more
Lower interest rates helping homeowners
January 23, 2010
Recently released figures have shown that the lower interest rates that have been in play for the past nine months are helping many homeowners to cope better in terms of their finances. It appears that some homeowners are up to £200 a month better off as a result of the base interest rate being at just 0.5 percent, where it has been for the past nine months. Read more
Average Buyers Still Unable To Afford Property
January 21, 2010
It has been revealed that the average buyer may still find that property prices are out of their reach, with house prices becoming unaffordable again for the first time since the property slump began at the end of 2007, according to a recent report. Read more
Slowdown in house price increase for December
January 14, 2010
Recently released figures have shown that house prices increases in the UK have seen a slowdown for the month of December, with growth in properties across both England and Wales slowing down for the month. Read more
Buyers Being Forced Into Mortgage Loans By Estate Agents
January 9, 2010
A recent study that was carried out by Times Money has suggested that in many cases potential property buyers in the UK are being forced into taking costly mortgage loans through the estate agency that they go with. Read more
Deposit scheme suffers according to landlords
January 5, 2010
According to a recent report many landlords and tenants are concerned that a government deposit scheme that is supposed to protect the deposits of tenants will end up suffering as a result of measures brought in to try and cut costs. Read more