The fall in rates to their lowest average level since the tax-efficient savings account was launched in 1999 comes despite the Bank of England’s Bank Rate being held at 0.5pc since March 5, when the average cash Isa rate stood at 0.96pc. The disclosure comes just days before [ Read More → ]

The BBA represents Britain’s banking industry Over the past few months lenders have been accused by consumer groups of profiteering as the cost of mortgages has increased despite the Bank of England’s official interest rate standing at an all-time low of 0.5pc for half a year. Statistics from moneyfacts, [ Read More → ]

It’s no coincidence that HSBC should offer its lowest ever mortgage rate – 1.99pc for two years – just as official confirmation came this week that new borrowing has fallen to a record low. Lenders are having to compete harder than ever to stay in business and homebuyers [ Read More → ]

As the Citizens Advice Bureau service turns 70 today, it has revealed that record numbers of people are turning to the charity for help with recession-linked problems of job loss and debt. The new figures show that Citizens Advice Bureaux across England and Wales are dealing with an average of 9,300 [ Read More → ]

The latest figures from the Land Registry have revealed that there was positive monthly growth in house prices across all regions in England and Wales in July. House prices by 1.7% in July, when compare … Read the original article at Totallymoney

The Association of Residential Letting Agents (Arla) said it had seen a drop in the number of its members who reported dealing with so-called reluctant landlords during the three months to the end of June. While the proportion of agents who reported handling properties for home owners who [ Read More → ]

Official figures show house prices in England and Wales rising by 1.7% in July, compared with June, marking the biggest monthly increase since July 2004. According to Land Registry data all regions recorded a monthly rise in values, nudging the average cost of a home up to £155,885 (from £153,046 [ Read More → ]

John Charcol said 35pc of its clients took out a variable-rate loan during July, more than double the 17pc who took out one of the deals in June. People’s preference for variable-rate mortgages, which change in line with the Bank of England base rate, reverses the trend seen for [ Read More → ]

As house prices show signs of stabilising, the latest Prudential Equity Release Index shows gains for over-65 homeowners in Scotland, London, West Midlands, North West and Wales. According to the Index, homeowners in England and Wales aged 65 and over have retained £611 billion of equity in their property and a [ Read More → ]

It is the latest evidence of how customers are paying the price of banks’ mistakes which led to the global banking crisis. The figures show lenders are continuing to raise their mortgage rates despite their own costs falling and the Bank of England keeping interest rates at an [ Read More → ]