|
N&P go second round with E-Saver |
|
|
|
23 December 2008 |
|
 Norwich and Peterborough Building Society (N&P) has today announced the launch of a second issue of its E-Saver Account, available with immediate effect. The account, which can be opened with £1 by savers aged 16 and over, pays 3.25% gross interest which is paid annually on 1 January.
|
|
Read more...
|
|
|
Mortgage lending at record low: BBA |
|
|
|
23 December 2008 |
|
Mortgage lending by the big banks hit a new low in November, when they fell by 14% to 17,773, according to the British Bankers’ Association. Approvals for house purchases were 60.7% lower than in November 2007.
With banks demanding a bigger deposit from buyers, the average amount borrowed by purchasers in November was £117,000, down almost 24% on a year ago.
|
|
Read more...
|
|
|
Economy contracts by 0.6% |
|
|
|
23 December 2008 |
The British economy contracted even more sharply in the third quarter than had initially been calculated, according to the Office for National Statistics (ONS). Its previous estimate had been -0.5%, but it now says the true figure was -0.6%.
The situation was even worse in the manufacturing sector, where output shrank by 1.4% in the quarter.
|
|
Read more...
|
|
|
Pension payments axed as crunch bites |
|
|
|
22 December 2008 |
|
A survey published today by rural insurance giant NFU Mutual has revealed that more than one in 20 people (5%) have reduced or stopped their regular pension contributions in order to save money during the credit crunch.
|
|
Read more...
|
|
|
Use empty houses for homeless: Rics |
|
|
|
22 December 2008 |
More than 750,000 empty houses could be turned over to some of the 1.7 million homeless people on social housing waiting lists, says the Royal Institution of Chartered Surveyors (Rics). About 72,000 are either homeless or in temporary accommodation.
Rics is calling on the Government to cut VAT on housing renovation and repairs from 15% to 5%, to encourage more landlords to provide housing for rent. There are about 762,635 properties in England not being used, Rics says.
|
|
Read more...
|
|
|
Bank of England failed to grasp crisis |
|
|
|
22 December 2008 |
|
The deputy governor of the Bank of England, Sir John Gieve, has admitted that the the Bank did not understand the severity of the problems facing the economy before the current financial crisis broke. In an interview with the BBC ,he said the Bank knew that "crazy borrowing" was taking place and that the price of houses and other assets was rising unsustainably - but he said that the Bank considered the problem to be less serious than it turned out to be.
|
|
Read more...
|
|
|
West Bromich account for over-65s |
|
|
|
19 December 2008 |
|
 West Bromwich Building Society is offering a High Income Over-65 90-day notice account for a minimum investment of £5,000. The account pays 4.75% monthly, or 5.00% on deposits over £100,000.
Earlier access is permitted in exchange for 90 days' loss of interest. All withdrawals must be made via BACS to a nominated bank account.
The account is open to anyone aged aged 65 or over. The maximum investment is £250,000.
|
|
Read more...
|
|
|
< Prev 1 2 3 4 5 6 7 8 9 10 Next >
|
| Results 15 - 21 of 715 |
All News