Mortgages News

Simon Moon, This is Money4 July 2006 A HUGE increase in the number of complaints about payment protection insurance was reported by the Financial Ombudsman Service today. WANT TO KNOW MORE? MORE: Why we are campaigning about PPI DEAL FINDER: Cheaper stand-alone protection POLL: Do you have a PPI policy? OTHER STORIES Thames escapes leakage fine Barclaycard rate rise anger Market ...

Paul Waugh, Evening Standard4 July 2006 PLANNING rules will be radically overhauled to make it easier to build house extensions and install green energy devices, ministers are to announce today. GREEN ENERGY: People hoping to install roof turbines will be able to do so without planning permission WANT TO KNOW MORE? REPORT: The quickest way to buy a house DEAL FINDER: Find the best remortgage deal GUIDES: Self build mortgages OTHER STORIES The quickest way to buy  ...

LONDON (Reuters) - Leading shares opened lower on Tuesday, pausing after a 4-day winning streak, although mobile phone giant Vodafone rose 0.9 percent after a broker's upgrade. Traders said Vodafone shares were boosted by a note from Deutsche Bank upgrading the shares to "buy" from "hold", citing valuation grounds following the sale of Japanese assets. Continuing mergers and acquisitions talk kept some stocks in positive territory including catering group Compass up 1.2 percent on speculation  ...

By Lorna Bourke LONDON (Citywire) - Interest-only mortgages could be the next mis-selling scandal as it emerges that a significant proportion of homebuyers with this type of loan have no repayment vehicle. Over 200,000 homebuyers took out an interest-only loan during 2005, according to the Council of Mortgage Lenders (CML), none of whom had a repayment vehicle in place. Of these 60,900 were firs ...

Mon 3rd Jul 2006 A new base rate tracker mortgage product has been launched by Norwich and Peterborough Building Society. The Bank of England base rate is currently set at 4.5 per cent and the Norwich and Peterborough Building Society Bank Base Rate Tracker mortgage will have a rate of 4.74 per cent. Available on mortgages up to 75 per cent loan to value the offer has no early repayment ...

Jo Thornhill, Mail on Sunday3 July 2006 ROZ Cross knew she was in deep trouble with debt when she found herself rushing home from work to unplug the phone so her family would not pick up the calls from her creditors. TRAP: Roz CrosS built up a £30,000 debt after she becae ill and her income fell WANT TO KNOW MORE? REPORT: Dare you take the debt test? GUIDE: Dealing with bankruptcy DEALS: Cut your household bills POLL: Are you totally comfortable with your overall deb ...

AN estimated 3.5 million people have been turned down for credit during the past year as banks tighten their lending policies. People applying for a credit card were most likely to be hit by financial firms tightening their rules, with around 1.7 million people having their application refused during the past 12 months. At the same time, around 1.5 million loan applications were rejected and 26 ...

PARENTS TO BE are being warned not to splash out on expensive and unnecessary items for their baby and instead invest the money in their future. Research shows the cost of bringing up a child in the first five years of its life has rocketed to almost £47,000. But experts say the financial burden can be eased significantly by following a few simple financial steps. Advertisement your story contin ...

CHICAGO (Dow Jones) -- If you're a borrower with a variable-rate line of credit, the Federal Reserve's two-year campaign of raising interest rates has no doubt caught your attention. After each of 17 hikes, the latest coming Thursday, banks have boosted their prime rate, the benchmark to which most variable loans are tied. That means many borrowers are now paying an interest rate four percentag ...