BT changes times for free calls

Many people that are with the communications giant BT have packages that allow them to make free evening calls so that they can get better value for money depending on when they tend to make most of their calls. Read more

Tags: BT Total Broadband, money, call, 6pm, British Telecom, announcement, provider

More protection for DIY holiday fans

Over the years an increasing number of people have started to book their own DIY holidays rather than opt for a pre-bundled package deal with a travel agent, and with the expansion of the Internet, with all of the choices on offer with regards to flights, hotels, and other extras, more and more people have started to book their holidays in this way. Read more

Tags: announcement, diy, something, british travel agents, holiday protection

Bradford & Bingley: Arrears on the up

UK lender Bradford & Bingley has said that mortgage arrears are continuing to rise as more borrowers are facing difficulties in repaying their loans.

Britain’s ninth-biggest listed bank said that it expect increased payment strain and falling house prices to result in higher impairment provisions, according to Reuters.

Hours after meeting with Alistair Darling, the mortgage lender, which makes over 50 per cent of its home loans to buy-to-let landlords, said its margins were under pressure and it is starting to pass the higher costs on to customers.

Yet the bank also said that the buy-to-let area of its business is performing well, suggesting that it is homeowners who are being hit hardest by the credit crunch.

Those faced with arrears will be pleased with Abbey National’s announcement earlier this week that it will cut rates on its two-year tracker and flexible mortgages by 0.1 per cent.

“We will continue to review the cost of funding and will look to reflect further changes in our mortgage range going forward,” said a spokesman for the bank, adding that it hopes other lenders will follow suit and take action to stimulate the mortgage market.

Tags: house, announcement, credit crunch, range, funding, Alistair Darling