Archive for the ‘Creditor Behaviour’ Category

TweetShareBank account holders who exceed their overdraft limit can expect to be charged an extra £5 every time they do so, new figures have suggested. Analysis of the current account market by MoneyExpert.com has revealed banks are increasing charges for going over agreed limits, with as much as £30 now being levied for a balance [...]

TweetShareNationwide has announced changes to its range of mortgage products. Effective from Friday November 21st, the lender reduced the price of some of its two-year fixed-rate products by up to 0.8 per cent, which may be tempting to homeowners who are looking to change their mortgage provider as part of a debt management plan. However, [...]

TweetShareOverdraft rates are on the increase despite the base rate cut earlier this month, new figures have suggested. According to data from Moneyfacts.co.uk, Yorkshire Bank and Clydesdale Bank have increased their overdraft interest rates by as much as 7.31 per cent over the last 12 months. Analyst for Moneyfacts.co.uk Michelle Slade noted that the increased [...]

TweetShareAlliance & Leicester has issued advice to the over 50s who are looking to make better use of their money during the current financial crisis. The bank is promoting its Premier 50 account, which gives holders a high rate of interest along with health and travel insurance benefits worth in excess of £1,500 for £10 [...]

TweetShareThe recent interest rate cut has prompted 24 savings providers to cut their rates, with 14 implementing a reduction of between 1.5 and 2.55 per cent, Uswitch.com has found. Lloyds TSB, Capital One Savings and Irish Nationwide are among the lenders who have reduced their rates, which is likely to be bad news for those [...]

TweetShareAlliance & Leicester has announced it is to introduce two new mortgage options. The lender is to launch a new base rate tracker mortgage, as well as a fixed rate package. Both of the options will be available on two-year deals, with the base rate tracker mortgage coming with an interest rate of 4.89 per [...]