Money News

Money news archive March - April 2011

Browse our archive of news articles

Santander launches ‘best buy’ mortgages (28-04-11)

Santander launches two fixed-rate 90% LTV deals with a mortgage charging a market-leading rate of 2.99%...

Three million PS3 users in danger of fraud (28-04-11)

Gaming giant Sony has confirmed subscribers’ card details have been stolen in the world’s biggest online hacking...

UK gardens are uninsured against thieves (27-04-11)

Green-fingered Brits risk losing a collective £2.6billion because their gardening equipment and gadgets aren’t covered by their home insurance...

Buying is now 14% cheaper than renting (26-04-11)

Falling interest rates and slowing house prices mean buying is more affordable than renting, reveals Halifax...

Banks told to pay up for PPI mis-selling (21-04-11)

Banks now face a £4.5billion bill to compensate those mis-sold PPI, after losing a High Court appeal...

Positive signs for housing market after ‘winter hibernation’ (21-04-11)

New properties coming on to the market and a rise in mortgage lending are being seen as optimistic signs for the housing sector...

Nine million Brits auto-renew car insurance (20-04-11)

Loyalty doesn’t pay: nine million Brits ripped off because they auto-renew their car insurance...

Blasé Brits “not worried” about £8,400 debt (14-04-11)

Brits have on average £8,400 of personal debt, yet people don't worry until it reaches £9,700, says new research...

Surveyors spy uplift in house prices (14-04-11)

Prices may be falling slightly, but some surveyors are reporting a rise in the number of valuations which could lead to higher prices...

Homeowners 'unaware' of effect of rate rises (13-04-11)

Mortgage arrangement fees cost Brits £3bn and most are “unaware” of the affect a rate rise will have on their monthly payments...

More first-time buyers getting onto property ladder (08-04-11)

Greater demand for cheap property and smaller deposit requirements mean more mortgage approvals in March, says e.serv...

Bank rate unchanged but house prices 'will fall' (07-04-11)

The Bank of England maintains the base rate at 0.5%, but Halifax predicts house prices will fall in 2011...

Brits pay off £7bn mortgage debt in three months (06-04-11)

Homeowners looking for smart ways to use spare cash are paying off their mortgage rather than saving or investing, says the Bank of England...

House prices up, as buyers’ confidence drops (01-04-11)

Despite a rise in house prices in March, the UK housing market will remain "sluggish" in 2011, says Nationwide...

It's time to end "unjustifiable" card fees, says Which? (31-03-11)

To prevent card companies ripping off Brits with excessive surcharges, consumer group Which? has submitted a super-complaint to the OFT...

Budget throws deposit lifeline to first-time buyers (23-03-11)

If you’re a struggling first-time buyer, then you may soon be able to get a loan to help you raise a deposit on a new-build home...

Lloyds TSB joins with councils to help first-time buyers (17-03-11)

A pioneering new scheme launched by banking giant Lloyds TSB aims to help first-time buyers raise a deposit large enough to purchase their first home...

Mortgage lending plummeted in January (14-03-11)

Potential home buyers decide January wasn’t the month to make a purchase, as households continue to feel financially constrained...

Mortgage borrowers should opt for variable rates (10-03-11)

Borrowers should stick with variable rate products as the Bank of England base rate remains at its record low for the 24th month, advises mortgage expert...

Unaware homeowners at risk of losing homes (10-03-11)

Many mortgage holders risk losing their homes as a quarter admit being unaware that interest rates are currently at a record low, and therefore are not prepared for any rate rises...

Mortgages: Clydesdale and Yorkshire Bank urged to play fair (08-03-11)

Watchdog Consumer Focus has called on Clydesdale and Yorkshire Bank to treat its mortgage customers fairly over its own repayment errors...

Women to pay 25% more for car insurance (01-03-11)

Women are going to have to pay more for their car insurance following a new ruling by the European Court of Justice on gender discrimination...