Articles Tagged With: Interest Rates

A drop of £300 in income would cause one in four people to default on their mortgage payments, it has been reported. Research conducted by Callcredit, which interviewed professionals in the 35-44

Homeowners on tracker deals should remain on cheap mortgage deals for at least another month after the Bank of England chose to freeze interest rates once again. The Bank's Monetary Policy Committee held

At least three million UK borrowers do not know the rate of interest at which they are currently repaying their mortgage, it has been reported. Post Office Mortgages reports that 28 per cent are ignorant

The Co-operative Financial Services has added a new two-year fixed-rate deal to its mortgage range. Available through both the Co-operative Bank and Britannia, interest rates of 3.19 per cent are accessible

Savers should take the opportunity to pay off debts on mortgages and credit cards if they are unwilling to put money away at present, it has been suggested. According to Martin Bamford, chartered financial

Platform - the intermediary mortgage specialist of The Co-operative Bank - has reduced the rates on both its fixed and tracker deals. The lender is now offering two-year fixed rates from 3.59 per cent

A new one-year fixed-rate savings bond has been launched by first direct, it has been reported. The bond, available to consumers who invest between £2,000 and £49,999, offers a rate of 2.75 per

The Mortgage Works has launched a new range of stepped buy-to-let tracker mortgage products. Unique to the buy-to-let market, the deals offer cheap mortgage rates from the Bank of England base rate plus

Newcastle Building Society has launched a range of fixed-rate Isa and bond products, which may interest consumers seeking the best interest rates on savings. The new accounts, which are available to any

Woolwich has reduced its tracker mortgage rates for the sixth time in succession over the last few months. The lender knocked a further 0.2 per cent off its range, which includes trackers at up to 70 per

Almost one million homeowners on tracker or fixed-rate mortgages could be looking to remortgage in the next six months, it has been claimed. According to Santander Mortgage's Remo Index, which monitors

Gross mortgage lending reached an estimated £13.7 billion in December, up 14 per cent from the £12.1 billion recorded in November. According to the Council of Mortgage Lenders CML, this also

The Financial Services Authority needs to take steps to improve access to low interest credit card deals, it has been claimed. Writing for the Financial Times Adviser, Hal Austin, the publication's senior

The need for consumers to seek the best credit card deals may be set to increase, following the findings of a recent study into UK charges. According to research conducted by PricewaterhouseCoopers PwC,

Consumers should consider switching accounts as they bid to access the best interest rates on savings, it has been claimed. According to James Daley, money editor at consumer group Which?, the Bank of

Nationwide Building Society has announced details of a new four-year Stepped Rate Bond, which offers fixed annual or monthly interest options. The annual option pays 3.75 per cent gross AER in year one,

Consumers should be getting the most out of savings rather than speculating on short-term capital gains, it has been claimed. Independent pensions expert Stewart Ritchie was commenting after an Aegon study

The government must make every effort to deliver a clear message about the benefits of long-term saving, it has been claimed. Richard Saunders, chief executive of the Investment Management Association,

British consumers are increasingly entertaining themselves in their homes as they bid to reduce expenditure, it has been claimed. According to Abbey Savings, by cutting back on entertainment costs such

The government has announced plans to tackle 'unfair' credit card practices and charges. According to the Department for Business Innovation and Skills, such charges could be outlawed under new proposals,