UK Finance News

Recent research by Yorkshire Building Society shows that the number of mortgage borrowers now on their respective lenders’ SVRs (Standard Variable Rates) is over 2.3 million, representing 28% of the total mortgage market.
Typically these households have come off fixed term discounted mortgage deals which were available two or more years ago.  Lenders SVRs, currently averaging [...]

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The pound has risen to its highest level against the Euro since November 2008 as markets show concern ahead of a deadline this week for European banks to repay loans taken out a year ago at low interest rates.
The European Central Bank will offer funds on Wednesday to banks looking to repay loans later [...]

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As the UK readies itself for the General Election, desperate for a leader strong enough to make the decisions that will pull the country out of the current crisis and offer a vision of industrial growth and prosperity for us all, isn’t it a drag to read that our commonwealth cousins in Australia are having [...]

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In the current financial environment where the traditional areas of investment such as property and stock markets have faltered or crashed over the past couple of years, many of us seem content to play it safe by keeping any savings that we may have tucked up in banks, earning little or no interest.
It is fair [...]

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It is a very fine line to tread for the State Owned Banks, do they offer financial assistance in the form of mortgages at cut rates to lenders in a bid to re-vitalise the property market as requested of them by the UK Government, or should they protect the tax payers interest by offering deals [...]

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