Archive for December, 2008

November figures reveal lower mortgage lending levels

by on December 23rd, 2008

TweetShareNovember saw a £2.9 billion increase in net mortgage lending, new figures have revealed. The data, compiled by the British Bankers’ Association (BBA), indicated lower lending levels than for the previous month – where lending rose by £3.3 billion – and a fall compared to the six-month average of £3.5 billion. David Dooks, statistics director [...]

Posted in Houses and Mortgages | 1 Comment »

Credit card rates ‘to remain unchanged’

by on December 23rd, 2008

TweetShareCredit card interest rates are likely to remain the same over the coming year, it has been predicted. Peter Harrison, head of credit cards at price comparison website moneysupermarket, stated that rates will remain unchanged in 2009, despite the recent reduction in the base rate by the Bank of England. And he also forecasted an [...]

Posted in Creditor Behaviour | 2 Comments »

NatWest and RBS launch new mortgage options

by on December 22nd, 2008

TweetShareNew standard fixed-rate mortgages have been introduced by NatWest and the Royal Bank of Scotland (RBS), it has been announced. The new deals feature a reduction in rates by up to 0.4 per cent, with customers who take out a two-year fixed loan at 60 per cent loan-to-value (LTV) with a £799 fee able to [...]

Posted in Creditor Behaviour | 1 Comment »

Britons hit with ‘extra’ charges

by on December 19th, 2008

TweetShareMany Britons are having to pay unexpected or extra charges at a time when they are looking to cut down on their bills, it has been claimed. According to moneysupermarket.com, over 4.5 million households are paying such fees for broadband and mobile phone services, costing consumers an extra £36 per year on average. The research [...]

Posted in Personal Debt | No Comments »

Majority of mortgages now fixed-rate

by on December 19th, 2008

TweetShareThe number of fixed-rate mortgages in the lending market has increased over the last 12 months, new research has revealed. Moneyfacts.co.uk has found that these homeowner loans now account for 69 per cent of the total market, up from 51 per cent in December 2007. And despite the two-year swap rate falling 2.61 per cent [...]

Posted in Houses and Mortgages | No Comments »

Abbey unveils fixed-rate cuts

by on December 19th, 2008

TweetShareAbbey has announced cuts across a number of its fixed-rate mortgage products, resulting in what it has described as “market leading” offerings. The lender has reduced rates by up to 0.6 per cent, meaning homeowners looking for a two-year deal will now pay 4.64 per cent and a £549 fee on a 75 per cent [...]

Posted in Debt Management | No Comments »

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