UK Finance News

Almost three quarters of tenants seeking property to rent on FindaProperty.com intend to negotiate a rent reduction from their prospective landlord, as they become more aware of their strong position in the current oversupplied market.
A survey conducted by the property rentals site shows that as many as 72% prospective renters would negotiate the rental price [...]

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The Financial Services Authority (FSA) has announced that it has fined Europe’s biggest bank HSBC over breaches of confidentiality and information security within three separate units of the bank.
The FSA says that fines ammount to over £3million and are split between  HSBC Life, HSBC Actuaries and HSBC Insurance Brokers. The three units of the bank [...]

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One year on from it’s original publication The Hodge Lifetime IFA Confidence Index has just published it’s fifth quarterly report addressing the concerns,  perceptions and issues facing Independent Financial Advisers (IFA) within the equity release industry.
The latest report shows that 75% of IFAs say that interest in equity release schemes has stayed steady or shown [...]

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Lloyds Banking Group has announced further staff cuts in it’s group operations and insurance business, the cuts will affect 1,200 jobs and will take the total number of staff losses for the bank to 8,000.
Since it’s acquisition of rival bank HBOS, Lloyds TSB has faced the unenviable task of amalgamating the two banking businesses, with [...]

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Property experts are predicting that the average cost of student accommodation rental income will rise by 10% in 2009, as demand outstrips supply and that is why investors are turning to the niche market of the student housing sector.
In a grim property market, student housing is one of the rare areas that can still offer [...]

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