Do banks have the right to burn the fingers of their customers, in order to teach them valuable life lessons? One bank believes it does.
A recent announcement by one of the UK’s leading banking institutions has sent shock waves through the student community. The HSBC has revealed that it intends to abolish interest free overdraft [...]
Around 4.7 million utility and unsecured credit bills were left unpaid by Brits, who have been stung financially as a result of rising interest rates over the last half a year, suggests evidence from a new report.
Interest rates have rose 5 times so far in the last 6 months, and have been directly responsible for the [...]
According to a recent study conducted by Barclays bank, the average first time buyer will devote almost 1/3rd of their total income towards their home loan commitments, as a result of market strength and interest rates.
The focused study, profiled approximately 150,000 (mid to late twenties) active users of Barclays services, who are currently repaying a [...]
In what has commonly been referred to as an unsurprising outcome, the Bank of England today announced that interest rates are set to rise by a further ¼ of a percent, placing the national rate of interest at a high of 5.75%.
Many analysts have speculated that a further rise in interest for the month of [...]
The housing market just keeps getting tougher and tougher for first time buyers. The latest set of market figures for the month of June show that the average house value in Britain had rose by around half of a percent, valuing 90% of British property at approximately £198,000 pounds.
Numerous industry analysts have suggested that the [...]
The UK finance industries watchdog, the FSA, has today revealed that it intends to take serious action against 5 mortgage brokers due to malpractice.
The FSA has been watching the UK’s sub-prime market with a close eye over recent months, following the market fiasco that occurred in the US earlier this year, which caused one of [...]
There are very few people who would be able to turn down a plea of help from a friend or family member, if they were in some kind of financial difficulty. However, according to a UK based credit reference agency, offering help in the form of direct financial relief can do more harm than good.
A [...]
