UK Finance News

UK bank HSBC has declared that the housing crash is over and promised to lend £500million to potential buyers applying for a 90% mortgage.
The announcement from HSBC came with accusations that other UK banks and building societies are not doing enough to open up mortgage finance.  The HSBC said, “While other lenders were in retreat, [...]

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Administrators acting for the Christmas Hamper business Farepak who collapsed in October 2006 say that creditors are likely to receive some payment soon although the majority of the 122,000 customers are unlikely to receive much more than five pence for every pound they have lost.
Around 6,000 customers and agents have had their claims that they [...]

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The ripple effects of sub prime mortgage crisis that originated in United States sent tentacles worldwide and United Kingdom wasn’t spared either. The UK economy sunk into recession and it is currently facing a “tough recovery”. The consumers in UK were affected but not as severely as consumers in the United States. However, consumers in [...]

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Most internet users in the UK will be familiar with the MoneySupermarket price comparison website, it is among the most popular sites for comparing prices through a whole range of products including money and finance, insurance, shopping and utilities.
Everyday MoneySupermarket helps thousands of users save millions on their household bills, but the website are keen [...]

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National Savings & Investments (NS&I) are to raise the their prize payout figure from 1% to 1.5% in October, to attract more savers to its Premium Bond product. The increase will mean an increase in the prize fund from £33.8million to £52.5million.
The prize rate is normally kept in line with the Bank of England interest [...]

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