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- Abbey cuts mortgage rates - 26th February, 2009
Abbey has revealed that it will be cutting the rates of interest offered on some of its fixed-rate mortgages.
The bank's two and three-year fixed-rate remortgage products will be reduced to 3.84 per cent and 4.14 per cent respectively for those customers who are looking for a 60 per cent loan-to-value package.
It also announced that it will launch two new products from Friday, both of which are three-year fixed-rate products which require a 75 per cent loan-to-value ratio... - Leeds Building Society announces "strong" results - 26th February, 2009
Leeds Building Society has published its figures for the previous year, which it claims show that it is in a strong position despite the recent crisis which is currently affecting many financial institutions.
The mortgages and savings account provider revealed that it made a pre-tax profit of £20.3 million and that its total assets had grown by more than £900 million and now total £10.1 billion... - Customers 'increasingly making overpayments' - 25th February, 2009
Mortgage customers are increasingly making overpayments, according to a survey conducted recently by the Co-operative Bank.
The financial services provider found that there has been a 50 per cent increase in the number of customers choosing to pay more than their standard monthly mortgage payment recently.
According to the poll, 80 per cent of those making overpayments said they are doing so because it makes financial sense as interest rates offered on savings accounts have fallen with the base rate... - Legal & General launches new mortgage - 24th February, 2009
Legal & General has teamed up with Chelsea Building Society to announce the launch of a new mortgage.
The new offering is a five-year fixed-rate mortgage which will be made available to customers with a deposit worth at least 35 per cent of the value of the house they wish to purchase... - Chelsea Building Society launches new mortgage - 19th February, 2009
Chelsea Building Society has announced the launch of a new mortgage which it claims will give borrowers "peace of mind" because of its fixed rate of interest.
The new ten-year mortgage will charge interest at a rate of 5.1 per cent per year, a level that will be fixed until April 2019. After that the rate will revert to Chelsea Building Society's standard variable rate, which is currently 5.79 per cent... - Citizens Advice to get extra funding - 17th February, 2009
Citizens Advice is to be given £10 million in extra funding in order to help it deal with the increased demand for debt counselling and unemployment advice caused by the recession.
The charity claims that it has seen a "large" increase in the number of enquiries linked to the economic downturn, handling 5.54 million requests for advice about issues such as mortgage arrears and benefits claims last year... - Scottish house price falls slow down - 17th February, 2009
The speed at which house prices in Scotland are falling has slowed down, according to Lloyds TSB, which could mean that the housing market is stabilising somewhat.
Lloyds TSB Scotland's quarterly house price index found that the price of the average domestic property north of the border fell by 2.3 per cent in the three months up to January 31st... - Building society offers romantic tips for recession-hit Romeos - 12th February, 2009
Prudent Minds - number 1 for cheap loans quotes
Cheshire Building Society has published a list of top tips for lovers looking to save cash without losing the romantic feel of Valentine's Day.
The building society, which provides cheap loans and buy to let mortgages, suggested cooking at home as opposed to going out to a restaurant, or exploring one of the many free art galleries or museums dotted around the country... - Lloyds TSB: Consumers increasingly predicting interest rate rises - 10th February, 2009
Prudent Minds - number 1 for savings account quotes
Lloyds TSB has conducted a survey which reveals that a growing number of UK shoppers are preparing themselves for higher interest rates before the end of the year.
The bank's commercial division found that 24 per cent of those it polled in January are preparing themselves for higher interest rates, compared to 20 per cent who said the same in December.
Higher interest rates could be good news for consumers with money stashed in savings accounts, although they might affect the availability of cheap loans and buy to let mortgages... - Base rate cut unpopular, says poll - 9th February, 2009
Prudent Minds - number 1 for savings account quotes
A poll conducted by a price comparison website has revealed that the Bank of England's latest cut in the base rate is unpopular.
The survey, carried out by moneysupermarket.com, found that 70 per cent of respondents said they would suffer from the reduction in interest rates, which may cause banks and building societies to reduce their savings account rates...