UK Finance News

 

In The UK Finance News Recently (news items open in a new window).

 

Research and Markets: UK Mortgages 2011 - Gross Advances across the Market .....
Posted on 3 Feb 2012 at 6:05pm
Research and Markets: UK Mortgages 2011 - Gross Advances across the Market ...
Business Wire (press release)
The downturn continues to have an adverse effect on the UK mortgage market. The ability of providers to significantly expand lending remains constrained, and poor consumer confidence has restricted demand. Nevertheless, some sectors, such as buy-to-let ...

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New mortgage lenders fail to sparkle - Financial Times
Posted on 3 Feb 2012 at 7:37pm
New mortgage lenders fail to sparkle
Financial Times
By Tanya Powley State Bank of India has become the latest ?new entrant? to the UK mortgage market, with plans to offer residential loans alongside buy-to-let deals. But most of the new lenders to have emerged in the past two years have struggled to ...

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Goldilocks and the forbears - Money Marketing
Posted on 3 Feb 2012 at 9:14am
Goldilocks and the forbears
Money Marketing
Borrowers need to look at their mortgage now or face a spike in their payments.? Figures from Money-facts.co.uk shows there were 152 mortgages available in March 1991 whereas today there are over 3200 available, meaning borrowers are more likely to ...

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Annuity sales 'unfair and opaque'
Posted on 4 Feb 2012 at 1:01am The way annuities are sold is costing half a million retirees each year as much as £1bn in future pension income, the National Association of Pension Funds says.

1.1 million face £100 tax fines
Posted on 3 Feb 2012 at 2:44pm Just over one million taxpayers face a penalty of £100 for failing to submit their self-assessment tax returns on time, HM Revenue and Customs says.

Personal insolvencies 'down 11%'
Posted on 3 Feb 2012 at 12:09pm Fewer people were declared insolvent in 2011 in England and Wales than in 2010, but the number of companies going bust increased.

Banks restrict lending to existing customers
Posted on 14 Dec 2009 at 6:48pm More people are applying for loans but fewer are securing one, and those banks that are lending are only doing so to their existing customers

Battle looms over BA pensions
Posted on 14 Dec 2009 at 9:07pm British Airways signalled the start of a protracted battle with the Pensions Regulator over the price tag on its retirement obligations, the outcome of which will be crucial to its tie-up with Spain's Iberia

Top bankers destroy value, study claims
Posted on 14 Dec 2009 at 1:01am Bankers should count themselves lucky they are being hit by a mere 50 per cent additional tax on bonuses, a report argues, because their benefit to society is negative

House prices fall unexpectedly
Posted on 1 Feb 2012 at 8:12am LONDON (Reuters) - House prices unexpectedly fell for the second month in a row in January, due to the prospect of greater unemployment and buyers' problems finding large enough mortgage deposits, data from lender Nationwide showed on Wednesday.

Record drop in consumer credit
Posted on 31 Jan 2012 at 1:36pm LONDON (Reuters) - Credit card and other unsecured lending to British consumers posted its sharpest drop in nearly two decades in December, supporting expectations that the Bank of England will soon inject more cash into the economy to prevent a deep recession.

UK consumers pay billions in fund dealing costs
Posted on 31 Jan 2012 at 5:35pm LONDON (Reuters) - The funds industry is imposing 18.5 billion pounds of hidden costs on investors every year through dealing charges that are obscured by cryptic fee structures and "convoluted language", new research on financial consumers has found.

Research and Markets: UK Mortgages 2011 - Gross Advances across the Market Wi...
Posted on 3 Feb 2012 at 5:59pm Research and Markets has announced the addition of the "UK Mortgages 2011" report to their offering.

Mortgages performing better than in 1990s
Posted on 19 Jan 2012 at 8:46am UK mortgages are performing better now than in the 1990s downturn says Moody?s.

HSBC to Lend at Least GBP 15 Billion to UK Mortgage Borrowers in 2012
Posted on 19 Jan 2012 at 4:39pm LONDON, UNITED KINGDOM-- - HSBC today announces that during 2012 it will make available at least GBP 15 billion in mortgages to UK homeowners, including GBP 3 billion specifically set aside for first time ...