UK Finance News

While repossessions dropped by 10% in the last figures issued by the Council of Mortgage Lenders covering April to June 2009, there were still over 11,400 repossessions made during that period.  Surprisingly a quarter of those were voluntary-homeowners who have fallen into mortgage arrears but rather than seek help available from the Government or their [...]

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There was a surge in mortgage approvals for house purchases in September, reaching the highest figure for 18 months and once again surprising the financial ‘experts.’
The number of mortgages approved for September was 56,215, rising from 52,970 in the previous months and well above economists estimates of 54,000.
While consumer confidence in house purchases currently increases [...]

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The shadow chancellor George Osborne was greeted with howls of derision today as he called upon the UK’s high street banks to clampdown on big bonuses and instead to make the cash available to businesses to help people keep their jobs.
Osborne said he was talking about “emergency measures this Christmas” when he made the statement, [...]

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Has the Royal Bank of Scotland (RBS) seen the light, or is it the threat of European Commission inteference if the bank does not meet small business loan targets that has forced the bank to set up a business loan hotline?
Following months of ignoring advice, pleas and begging from the UK government to make funds [...]

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The flagship store of London’s Knightsbridge borough, Harrods have this week started selling gold bars and coins, over the counter. While the commodities are obviously not on display, the discreet private investor is able to conduct business in the Harrods Bank.
Situated on the lower ground floor the gold including a 12.5kg bar will be displayed [...]

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