Money News

Money news archive – January - February 2011

Browse our archive of news articles

Complaints against banks jump 15% (28-02-11)

Lloyds TSB has become the most complained about bank in the UK as the financial ombudsman service sees complaints soar 15% between July and December 2010...

Post Office credit card offers discounted flights (28-02-11)

Fancy a cheap holiday? Get a return flight to a choice of European destinations when you get accepted for a Post Office credit card...

Barclaycard offers longest 0% credit card at 18 months (23-02-11)

Customers can benefit from the longest-ever 0% balance transfer period of 18 months when they sign up for a Barclaycard...

Banks give 'shocking' ISA advice (23-02-11)

Top banks are continuing to fail consumers by offering poor advice when it comes to cash ISA transfers, an undercover investigation has revealed...

Halifax to pay £500m to mortgage customers (21-02-11)

Halifax, now part of Lloyds Banking Group, is to pay certain mortgage customers £500m in “goodwill” payments...

Mortgage lending falls 13% in January (21-02-11)

The amount of money lent for mortgages reached its lowest level for a year in January, to stand at just £9.2billion...

Remortgages hit two-year high (18-02-11)

The number of people looking to remortgage has reached its highest level since January 2009 due to the threat of potential interest rates rises...

House prices to tumble in 2011 (17-02-11)

The housing market will stall this year, dragging house prices down after a year of growth, but affordability for first-time buyers will improve as a result...

“Excessive” credit and debit card charges under fire (11-02-11)

Consumer champion Which? launches a “super-complaint” over unjustified credit and debit card charges...

Variable rate mortgages ‘offer best value for money’ as base rate remains unchanged (10-02-11)

Experts are advising borrowers to consider a variable rate mortgage, as the Bank of England base rate stays at 0.5% for the 23rd consecutive month...
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Santander offers 90% mortgages to first-time buyers (10-02-11)

First-time buyers now only need a 10% deposit to get a fixed-rate mortgage with Santander...

Capital One Visa card targets Brits adverse credit (07-02-11)

People with little or no credit history can use the Capital One Visa card to get control of their finances...

Credit card rates hit 13-year high (03-02-11)

The average credit card rate has soared to a 13-year high of 18.9% as lenders worried about how borrowers will meet repayments look to recoup money...

Brits struggling to get approved for a mortgage (03-02-11)

If you’re fighting to get a mortgage it’s no wonder as mortgage approvals have fallen to their lowest level since March 2009...

Expert: Remortgaging now a ‘game of two halves’ (27-01-11)

Mixed messages about interest rates and the economy have left mortgage borrowers confused as to whether they should be looking at fixed mortgage products or trackers...

Mortgage lending hits nine-year low (24-01-11)

Total mortgage lending last year was at its lowest since the millennium, according to the latest figures from the Council of Mortgage Lenders...

Santander rewards loyalty with lower overdraft charges (21-01-11)

Santander is set to introduce a three tier charging structure on its overdrafts, rewarding loyal customers and penalising others...

Inflation rockets to 3.7% in December (19-01-11)

UK inflation hit an eight month high in December with the Consumer Prices Index jumping to 3.7%, up from 3.3% a month earlier...

Base Rate held at historic low for 22nd month (13-01-11)

Bank of England maintains base rate at 0.5% for at least another month despite rising inflation...

RBS and NatWest fined £2.8million for poor complaints handling (11-01-11)

RBS and NatWest have been fined by the banking regulator for failing to address consumer complaints properly...

House prices fall again in December (11-01-11)

House prices fell a further 1.3% in December, with the average property ending the year more than £6,000 cheaper than at the start...

2 million Brits using credit cards to pay their mortgage (06-01-11)

Millions of Brits are only able to keep a roof over their heads by making their rent or mortgage using their credit cards...

Remortgaging: Woolwich offers deals for owners with 20% equity (06-01-11)

Have a “Great Escape” from your standard variable rate by remortgaging - and you’ll only need 20% equity in your home...

Halifax offers fee-free mortgage for first-time buyers (05-01-11)

If you’re a first-time buyer looking to keep your mortgage costs down Halifax is offering a no-fees 5.79% two-year fixed-rate deal...

Brits plan to juggle £2.8bn of debts this year (05-01-11)

Over 2.8 million credit card holders will transfer £2.8billion of debt onto new credit cards in 2011, according to new research...

Santander savers get fee-free Zero account (04-01-11)

Santander is giving savers its fee-free ‘Zero’ current account as long as they have at least £10,000 in savings...