Financial News Round Up Archive

1. Banks lose landmark test case
2. First Plus advertisement receives criticism
3. Lenders need to carry out more thorough checks on applicants
4. Consolidation soars as consumers try to cope with debts

1. More people requesting credit reports
2. Sub-prime borrowers may be turning to brokers too readily
3. Filing for bankruptcy online could cause problems
4. Review into FOS completed

1. Base rate cut of 0.25%
2. Size of Rock to be cut by Sandler
3. Millions could be in negative equity by next year
4. No mortgage access for customers that are not with First Direct

1. Bank of England faces pressure to cut rates in April
2. Families decide to take a step down from property ladder
3. Credit crunch results in job losses in finance industry
4. Bad credit customer relying on mortgage brokers

1. Millions set to suffer financial problems
2. Range of mortgage deals available plunges
3. Save on arrangement fees with a five year fixed term mortgage
4. Interest rate cut in April on the cards

1. Consumers still spending despite credit crunch
2. Possible rise in government savings guarantee
3. Stock market chaos over HBOS collapse
4. Small building societies to reign in lending

1. Brits still spending on credit cards
2. Egg boss resigns
3. Interest rates stay on hold for March
4. People in their thirties could face difficult financial future

1. Buy to let appears to be booming
2. Packaged current accounts may prove costly
3. Northern Rock tries to win back customers
4. UK faces uncertain year financially

1. Northern Rock removes its 125% mortgage
2. Many filed for bankruptcy last year
3. Cheap fixed rate homeowners may receive a softer blow
4. All MPC members backed February rate cut

1. Banks increase current account interest rates
2. December base rate cut didn't help housing market
3. Egg cuts savings rate
4. Affordability could increase for first time buyers

1. Bank of England cuts base rate
2. No idea on when judge will deliver ruling on bank charges
3. MP accuses banks of taking credit cards off good payers
4. How much will your savings rate fall by?

1. Savings can now be traced with ease
2. Chaos after Egg cancels credit cards
3. Date for returns had to be extended by HMRC
4. Over a million homeowners risk losing their homes in next 18 months

1. Huge sums of money is being wasted on useless insurance cover
2. Next interest rate cut likely to be small
3. Brits are losing control of their spending
4. Average £11,000 drop in property values in four months

1. Fewer loans available from banks this year
2. HFC fined over PPI
3. Lenders dropping LTVs
4. More lower rate fixed rate mortgages on the market

1. Bank of England keeps rates on hold
2. Boss of Barclays becomes victim of fraud
3. Church of England will offer advise on debt
4. Easyjet launches credit card

1. Generous bonuses for Northern Rock staff
2. Additional powers to be given to FSA
3. Banks lent out less money at end of last year
4. Bankruptcy levels due to rocket

1. House prices drop again in December
2. Shoppers afraid to see their Christmas bills
3. Debt charities get ready to handle post Christmas enquiries
4. Bank lending levels are still low
5. Close to one million consumers struggling with mortgage repayments

1. Mortgage lending levels fall in November
2. Asking prices fall across UK
3. Savings accounts rates take a hit
4. How fixed rate customers can help themselves
5. FSA warns lenders over forthcoming difficulties

1. Another mistake from the Abbey
2. DWP loses budgeting loan applications
3. CAB slated sub-prime lenders
4. Bank charge reclaim companies could rip you off
5. Northern Rock could have suffered less with increased awareness of savings guarantee

1. Bank of England reduces interest rates at last
2. Consumer confidence has been falling
3. House prices fall three months in a row
4. Earn £20,000 by finding lost data discs
5. Interests rate cut already applied by some lenders

1. Shortage of personal loans could prove problem
2. Mortgage fees double in two years
3. Lenders call for interest rate cut from Bank of England
4. ICICI states interest rates lower due to advertising costs
5. A quarter of financial websites are not clear enough

1. Darling challenged over Northern Rock Loan
2. Cardholders urged to contact their card providers over hikes rate
3. Shoppers warned to avoid store cards over Christmas
4. Equity release loans increasing in popularity
5. Widow fined by Northern Rock

1. Fixed rates over two years creep up
2. Homeowners could be worse off than tenants
3. Possibly three interest rate cuts next year
4. House price growth due to stagnate
5. Post Office launching Christmas savings club

1. PPI still under investigation
2. No change to interest rates
3. Halifax claims house prices fell in October
4. Greater transparency required from financial companies
5. CAB slated financial services industry

1. Bank share prices fall
2. Standard Life personal data goes missing
3. Thousands of people claim their forgotten savings
4. Reduction in personal insolvency figures
5. Credit card customers plan to cut back on Christmas spending

1. Consumers could be losing a fortune in deposits
2. Bank messed up on graduate accounts
3. Citizen's Advice concerned about sale and rent back
4. Customer claims marketing material from bank misleading
5. FSA imposes fine on broker

1. CAB speak to Trevor about sale and rent back scheme
2. UK consumers prefer shorter term fixed rate deals
3. Northern Rock ISA customers can get back tax free benefits
4. September sees 12% drop in mortgage lending
5. Experts think interest rates will fall twice by June 2008

1. FTB warned over negative equity
2. Look at the big Picture
3. Lenders target risky customers
4. House prices take a tumble
5. Insurance companies may refuse cover for flooding in high risk areas

1. Credit card provider admits reason for delays
2. Interest rates remain on hold
3. Bankrupt pensioners on the increase
4. Increase in personal loan rates
5. Is the housing market cooling down?
6. House of Lords gets involved in decision on credit card refunds

1. Abbey criticised over mortgage deal
2. Mortgage advisers reassure borrowers
3. Consumer confidence in banking takes a tumble
4. CCCS sets up repossession centre
5. New way of calculating interest on loans

1. OFT may drop banks charge test case
2. Threat of winding up order for 4th largest bank
3. House prices may be ready to crash
4. Good news for savers
5. Consumers urged to gear up for Christmas spending

1. Debt consolidators still worried about debt
2. Future borrowers could face difficult times
3. Northern Rock faces huge problems
4. Further interest rate rises – predictions take a tumble
5. House prices start to fall

1. Former MPC member comments on credit crunch
2. Green homeowner could get reduced stamp duty
3. HSBC customers will get warnings about overdrafts
4. Fixed rate mortgages coming down
5. Potential property purchasers need to be careful in order to get mortgage loan
6. Consumer group highlights credit card money making schemes

1. Bank gets wrists slapped over misleading ad
2. Debt charity says bankruptcy could be the answer for some people
3. Savers blowing their savings on holidays
4. First time buyers waiting to see what happens with interest rates and house prices
5. Nearly half of consumers concerned over interest rates
6. Many still unsure of repayment order on credit cards

1. APACS confirms further delays
2. Reduced number of insolvencies during second quarter
3. Barclay's launches new car finance package
4. Northern Rock ups sub-prime rates
5. Brits are concerned over levels of debt

1. No mortgage fees from HSBC until September
2. IVA companies could sue banks
3. Supermarkets could take over current accounts
4. End of 2007 could see jump in debt levels
5. Halt in PPI sales from Nationwide
6. Rate rises result in remortgage rush

1. Another interest rate rise could be on way
2. Customers prefer to pay bank charges over monthly fees
3. Home loans helping consumers to improve homes
4. Is the Internet killing off the High Street bank?
5. Credit card customers should be 21
6. Consolidation loans could mean getting out of debt earlier

1. Banks of England keeps rates on hold
2. Lenders to scrap mortgage exit fees
3. Repossessions on the rise due to interest rates
4. Veggies can enjoy lower life insurance premiums
5. Leading UK banks offering customers a raw deal
6. Banks sympathise following postal strikes

1. Coming months to be turbulent for fixed rate customers
2. Government urges locating old bank accounts
3. Brits facing years of debt
4. Many are becoming too reliant on loans
5. Bank's customer service is a high point
6. Consumers are not doing enough to boost their savings