Banks filing further appeal over bank charges

The battle between the UK’s High Street banks and the Office of Fair Trading over bank charges has been raging for some time, and has been longer than most people imagined. Read more

Tags: bank charges, industry, watchdog authorisation, baks, office of fair trading, appeals court, Fair Trading

Air travel plummets in popularity due to credit crunch

According to a recent report the popularity of air travel amongst UK consumers has taken a real hit as a result of the global credit crunch, with fewer and fewer people able to manage holidays abroad. Read more

Tags: result, air travel, difficult financial climate, recession, weakening, number, overseas property ownership, credit crunch

HSBC’s £1bn boost to first time buyer market

HSBC has allocated £1 billion to a new 90% loan to value product which it is hoped will give a much needed boost to the first time buyer market. Read more

Tags: support, hsbc, first time buyer, credit, United Kingdom, deposit, leading the way, Mortgages

Would you join your local supermarket bank?

We are all used to popping to the supermarket every week or so to go and get our groceries and household goods, but when it comes to doing our banking most of us are more used to heading to the High Street, picking up the phone, or getting online to make transactions. Read more

Tags: world, selling financial services, supermarket bank, finance, going to the supermarket

The pros and cons of the base rate cuts

Between 2006 and early 2007 many people were horrified as a result of the base interest rate increases which saw the base rate rise from 4.5 percent to 5.75 percent. Borrowers and homeowners found that their financial commitments went up considerably, although the rate increases came as far better news for other groups such as savers, who hoped to get better returns on their money as a result of the rate increases. Read more

Tags: base rate, savings, interest rates, bank of england, Mortgages, Loans

Online Banking Fraud is on the Rise in the UK

The instances of fraudsters using software that enables them to access bank accounts has rose dramatically in 2008 when compared with such occurrences in previous years. According to bank authorities, online banking fraud doubled in this year alone. The device used by fraudsters to accomplish this task is called keylogging. Read more

Tags: bank accounts, online banking, online bank accounts, internet banking, keylogging, internet bank accounts, bank fraud

Negotiating a Settlement When Your Job Has Become Redundant

Job losses have occurred in all sectors of the economy in recent months due to the global recession which is taking its toll on companies of all sizes. Read more

Tags: percentage, good idea, employer, redundancies, Britain

Credit crunch results in loss of sleep for many

A recent report has suggested that the effects of the ongoing global credit crunch is resulting in many of us losing sleep through worries over our finances and our futures. Read more

Tags: worse nights, heating bills, finanicial stress, credit, group, age, half, credit crunch

Banks decides to look at quantitative easing to assist economy

Over the past six months the nation has seen the UK’s base interest rate drop dramatically from 5 percent in October of last year to just 0.5 percent by March of this year. This came after a series of six interest rate cuts from the Bank of England in as many months, taking the base rate to its lowest level in the three hundred and fifteen year history of the Bank of England. Read more

Tags: access, Central bank, bank of england, industry, interest rates, series

Ways of Shopping for the Best Mortgage Deal

Due to the current recession lenders are no longer offering great deals to potential homeowners in an effort to entice them to apply for a mortgage. Read more

Tags: credit, phone call, best mortgage deal, late payments, bankruptcy, cheap mortgages, effort

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