Mortgages News

Mon 24th Jul 2006 All mortgage products from Commercial First will now be available with a fixed rate option, the company has announced. Commercial First's business customers will now have the choice of either a three month variable or a three year fixed rate repayment arrangement, without variations in terms of fees or early repayment charges. Small-to-medium sized businesses are expec ...

Mon 24th Jul 2006 Birmingham Midshires has announced the launch of its latest direct savings account. The Birmingham Midshires Direct Savings Account offers a guarantee to customers that it will maintain rates of interest at least 0.25 per cent above those of the ING Direct Savings Account for a period of two years. Minimum investment in the product is £1 and there are no withdraw ...

ROUND-UP of the week's personal finance news. Turkey tops fraud abroad HOLIDAY hotspot Turkey has topped the league for overseas fraud on British credit cards, closely followed by France, Spain and the United States. Research by Barclaycardfound these four countries accounted for over 56 per cent of all foreign fraud recorded by the company last year. Abbey bond Advertisement your story contin ...

SAVINGS: GapFIRST-TIME buyers face a £5,000 shortfall in the deposits they hope to save, despite setting aside money for two years. According to Alliance & Leicester, the average first-time buyer requires a deposit of £11,710 - eight per cent of the average price of a first home. But people are setting aside only about £270 a month, which after two years would give a deposit of just £6,570. Advertisement your story continues below The group said first-time buyers need to either doubl ...

UK assets were worth £6 trillion at the end of 2005, with property accounting for most of that wealth, the Office for National Statistics (ONS) has said. The ONS said the UK's total wealth went up by £119bn from the end of 2004. Property was worth £3.58 trillion in 2005, up 4% from the previous year. Real estate accounted for 59% of total UK wealth, according to the ONS. Many analysts in the UK have been questioning the strength of future house price growth. Upward trend Rece ...

Stephen Womack, Mail on Sunday24 July 2006 AFTER years of closures and a rush to embrace the joys of the internet, Britain's banks have decided there is a future in the humble branch after all. LOYAL CUSTOM: The Duddys have been with the Newcastle Building Society for 40 years WANT TO KNOW MORE? TABLES: Best savings rates DEAL FINDER: Current accounts DEAL FINDER: Cheap loan rates POLL: Do banks have a duty to help people on low incomes? OTHER STORIES Students underestim ...