Archive | July, 2007
Average London home now above £300,000
An average London home has now passed £300,000, according to the Halifax. The price of an average home in the capital rose 4.9% in the three months to June, to reach £313,122. The UK’s biggest mortgage lender says this means that the average price is now above the threshold of inheritance tax, and way above [...]
Continue reading...C&G to scrap exit fee
30. July 2007
Maybe there are some banks out there that listen after all. Last week one of Britain’s biggest mortgage lender, Cheltenham & Gloucester, announced that it was to remove its £225 exit charge on all newly taken-out mortgages. Exits fees are those charged when mortgages are paid off before their full term has expired - usually when [...]
Continue reading...Card fraud on rise abroad
27. July 2007
New statistics have shown that credit card fraud abroad is on the rise, and holidaymakers have been warned to be on their guard. UK payment associations Apacs said that in 2006 the amount of fraud committed on UK credit cards came to a total of £118.2m – up £36m on the figure for 2005. This rise in [...]
Continue reading...Inflation not dropping enough to stop another rate rise
26. July 2007
It appears that mortgage rate misery is set to carry on getting worse as another base rate rise now seems more likely than ever for August. Fears a further rate rise increased on Tuesday 17 when inflation figures were released. The rate of inflation as measured by the Consumer Price Index (CPI) was down to 2.4%, [...]
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31. July 2007
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