Low deposit mortgage numbers fall
Industry officials have reported that there has been a fall in the number of low deposit mortgages that are still on the market. This could cause huge problems for potential first time buyers, many of whom do not have much in the way of savings to put towards a deposit and none of whom have a previous property from which to take equity to put towards a deposit. Read more
Tags: fall, low deposit mortgages, substantial deposit, Real estate economics, Deposit account, none, Mortgages, credit
Consumers need to do a ’shopping list’ before choosing a bank account
March 1, 2008 by admin
Filed under News, News-Banking
Consumers need to create a “shopping list” to help them choose a bank account which suits them best, one financial expert has claimed. 
The British Bankers Association (BBA) recommends that spenders need to look beyond the headline rate when examining the pros and cons of various bank accounts to ensure that they are aware of any conditions or limitations that apply.
Brain Capon, a spokesperson for the BBA, said: “When opening any account, regardless of who it is with – a British bank or a bank that is based abroad, you need to really decide what it is that you want from that bank overall.”
He added that the fact increasing numbers of banks from abroad are offering accounts in the UK is a good thing as competition between providers can enable consumers to get better deals.
According to the latest figures released for Britain’s high street banks, personal deposits have shown stronger growth than past months. The figures, from January 2008, show that the net change was up by £2.9 billion.
