UK Finance News

Lower earning Flex Account customers at Nationwide will be hit by a reduction in interest rates that come into force on August 1st.
Nationwide will be paying a varied interest rate to its Flex Account customers based on how much is paid into the account on a regular monthly basis. The new rates are listed below, [...]

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Halifax, Britain’s biggest mortgage lender is the last of the ‘big four’ lenders to put it’s fixed rate mortgage products out of the reach it’s customers.
In keeping with it’s rivals Halifax has raised the cost of it’s fixed rate mortgages from 5.59% in January 2008, to an uncomfortable 6.99% today.
Fixed rate mortgages have been around [...]

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UK banks are falling over themselves to retain and increase their share of the market. As the credit crunch takes hold and deposits dwindle the High Street bank has once again become Joe Public’s best friend.
Special rates for regular savers have been launched in the last couple of weeks, with rates of 10% fixed for [...]

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Figures released by the Council Of Mortgage Lenders show that 23,000 people who took out 100% mortgages in the last twelve months could find themselves with negative equity in their property.
This in itself is not a new phenomenon and was most recently seen in the property collapse during the nineties. Thousands were in the same [...]

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Amid a new flurry of rates designed to get savers pumping money back into banks, The Halifax has announced it’s latest savings plan offering up to 12% return on investment during the first year.
The bank is offering a straight 10% to savers who take out it’s new 10% Regular Saver plan available from yesterday.
The plan [...]

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