Two Banks Massively Increase the Interest Rates on their Mortgages
The Bank of Ireland and Bristol & West have both jumped the rate of interest on their tracker mortgages by…
News
MPC Clashes Over Further QE
The minutes from the Monetary Policy Committee’s (MPC) latest meeting show that there is a more sizable portion of the…
Pay Rates Back to 2003 Levels
It’s no secret that wages have suffered during the financial crisis. Whether it’s been people taking pay cuts, fewer hours…
New Figures Show PPI Claims Nearly Doubled in 2012
Recent figures from the Financial Services Compensation Scheme (FSCS) have revealed that the number of claims submitted in 2012 for…
PPI payout funds could run out before 2014
The consumer group Which? has estimated that the money currently set aside by the banks to pay consumers compensation for…
British Bankers’ Association In Talks Over PPI Deadline
The British Bankers’ Association (BBA) is in talks with the Financial Services Authority (FSA) about setting a deadline for mis-sold…
Pay Day Lenders Prove Better Value than Overdrafts
An investigation by journalists has revealed that some banks are charging insane rates for overdrafts on their accounts, resulting in…
Amount of Debt Taken into Retirement Drops
The amount of debt that people will carry into their retirement this year has fallen compared to last year’s figure,…
PPI claims in 2013 could top £6 billion
Both banks and those involved in the claims industry have said that 2013 is likely to see more than £6…
Many Britons Look to Recover from Christmas Splurges
With the festive season over, many Britons will be looking at their bank balances and wondering if they may have…