Barnsley Building Society has introduced a new rate of 3.00% gross on its online saver account, available to new and existing savers. TotallyMoney.com recently reported the results of a study, which suggested that 6% of savers who had opted for fixed term deals were already regretting locking their money away. And [ Read More → ]

Most home buyers purchase life assurance when they arrange a mortgage, but only a minority obtain another form of financial protection that they are five times more likely to need before they reach retirement. Critical illness assurance pays a tax-free lump sum on diagnosis of any one of [ Read More → ]

WASHINGTON—Aspiring homebuyers rushed to take advantage of a tax credit for first-time owners that expires in November, driving up the number of signed sales contracts for the seventh straight month in August. Construction spending also rose unexpectedly in August on the biggest jump in housing activity in nearly 16 years, another [ Read More → ]

Banks to tighten lending criteria on loans and reduce credit card limits Photo: PA It comes as more lenders said they had reduced the availability of mortgages rather than increased it during the past three months following a “deterioration” in the cost and access to wholesale funds. It comes despite billions [ Read More → ]

The Government has identified 22 ‘hot spots’ where residents are more at risk of repossession Photo: PA Local councils will then be able to offer advice and support to those facing repossession before proceedings begin. Currently, councils can offer these services only after they have been contacted by the home [ Read More → ]

Walter Hamilton And E. Scott Reckard - Kenneth D. Lewis, who became a focus of public and political outrage while presiding over Bank of America Corp.’s stunning fall from grace in the financial crisis, is stepping down as [ Read More → ]

Massachusetts lawmakers will consider new rules today to protect consumers from abuses involving overdraft charges on bank accounts, unsolicited loans from financial institutions, and reverse mortgages. For instance, State Senator Steven Baddour, a Democrat from Methuen, has filed a bill to require institutions that mail unsolicited loan offers - such [ Read More → ]

The High Court has dismissed a claim by Whangarei pensioners Judy and Bruce Bartle that GE Money (GE Custodians) was in breach of its duty of care by lending them around NZ$640,000, which they then used to buy a Blue Chip apartment. GE Money is now able to enforce its [ Read More → ]

It is the latest lender to offer sweeteners in an attempt to persuade borrowers to remortgage elsewhere. Mortgage Express, the specialist lending arm of Bradford & Bingley, also offered to waive fees, while banks such as GMAC have been even more generous, offering to pay off [ Read More → ]

A Lloyds letter says the 2.99pc mortgage ‘isn’t suitable for everyone’ and should be used as ‘a conversation starter with potential mortgage customers’ In a letter to branch managers, seen by The Daily Telegraph, Lloyds TSB said it is launching a 2.99 per cent two year fixed rate mortgage for [ Read More → ]