Finance Articles


Homeowners face rate crunch

Home  Jan, 2007

Homeowners face rate crunch - Homebuyers were rocked by more depressing financial news last night, as they were warned brace themselves for yet another interest rate rise Banks take revenge charges - Banks lenders earned an extra £624m overdraft charges credit card interest last year as they fought back against OFT's cap default charges



Homeowners face rate crunch  [01/17/2007 01:17 PM]
Homebuyers were rocked by more depressing financial news last night, as they were warned to brace themselves for yet another interest rate rise
Banks take revenge on charges  [01/17/2007 01:17 PM]
Banks and lenders earned an extra £624m in overdraft charges and credit card interest last year as they fought back against the OFT's cap on default charges
Market report: Wednesday latest  [01/17/2007 01:17 PM]
10.15:Shire Pharmaceuticals was celebrating today after getting the go-ahead to launch a key treatment in the US - but this could make it a takeover target
Online Xmas shopping soared by 54%  [01/17/2007 01:17 PM]
Internet spending soared by more than 50% in the run-up to Christmas, with consumers buying a record £7.6bn of presents and food online
4m switch energy providers  [01/17/2007 01:17 PM]
More than 4m people switched their energy supplier last year, cutting their bills by around £150 each, new figures showed today
£9bn Pru windfall in the air  [01/17/2007 01:17 PM]
Prudential is aiming to unlock its £9bn assets pot in a move which could see a windfall for shareholders of about £2.5bn, or £1 a share
The first-time buyer challenge  [01/17/2007 01:17 PM]
Young people face bigger problems in buying their first home than any previous generation, a report has revealed
Banks are 'mugging' customers  [01/17/2007 01:17 PM]
High Street banks were last night put on notice that they are to be stopped from 'mugging' customers of billions of pounds a year in unfair charges.
Insurers face action over misleading ads  [01/17/2007 01:17 PM]
The financial watchdog has warned insurers they have three months to clean up their act on ads that promise big savings when very few customers can buy at low prices
Best fixed-rate mortgages axed  [01/17/2007 01:17 PM]
Homeowners facing increased mortgage repayments following the rate rise are now seeing lenders pulling the plug on the best fixed-rate deals
Organic lines give Tesco the edge  [01/17/2007 01:17 PM]
Booming sales of organic and luxury food and drink have helped Tesco to its busiest ever Christmas>> Read more about being a 'caring consumer'
Rate fears as inflation hits 3%  [01/17/2007 01:17 PM]
Inflation has jumped to 3%, fuelling fears that there will soon be another increase in interest rates
Brits snap up Berlin homes  [01/17/2007 01:17 PM]
Britons are flocking to Berlin as a resurgent economy makes German hot property while its capital remains Europe's cheapest major metropolis
House price growth cools  [01/17/2007 01:17 PM]
House price inflation cooled in December in an indication that higher interest rates had begun to bite, a report today suggested
Americans lash BP over death blast  [01/17/2007 01:17 PM]
The damning report into BP's fatal Texas City refinery explosion could force new chief Tony Hayward to break up the oil giant
3 scraps roaming charges  [01/17/2007 01:17 PM]
Mobile phone giant 3 today announced plans to abolish roaming charges for UK customers in seven countries
City betting on March rates rise  [01/17/2007 01:17 PM]
Fears are growing that homeowners could be hit with another interest-rate hike within the next two months
Pensions watchdog bans trustee who lied  [01/17/2007 01:17 PM]
The Pensions Regulator has issued its first ever disqualification of a trustee who lied to bosses and lined his own pockets
Tiner quits as chief of financial watchdog  [01/17/2007 01:17 PM]
Chief executive John Tiner will leave the Financial Services Authority to return to the private sector in July, it was announced today
Train-bus scheme is a money saver  [01/17/2007 01:17 PM]
An all-in-one bus and train ticket scheme was extended today and is now available for more than half the population of Britain
Mervyn's narrow escape  [01/17/2007 01:17 PM]
Mervyn King won't have to make his excuses to the Chancellor for surging inflation - But he cannot be pleased with the speed that indicators have moved against the MPC
30 Second Guide ToThe letter to the Chancellor  [01/17/2007 01:17 PM]
The Daily Mail's City team look at the Bank of England's little way of saying 'sorry' to No.11
The without-profits funds  [01/17/2007 01:17 PM]
Mortgage endowments are still a disaster. To blame the downturn at the start of the century, as many insurers continue to do, is pathetic
Conman's tax avoidance scam  [01/17/2007 01:17 PM]
Financial Mails ace investigator Tony Hetherington delves into a convicted conman pushing a tax avoidance scheme
Final months needing some gloss  [01/17/2007 01:17 PM]
It's usually best for top execs to go sooner rather than later - and Lord Browne needs to put some gloss on the past 18 months
Pushmi-pullyu inflation tips rate rise  [01/17/2007 01:17 PM]
As higher petrol and university bills push up inflation, the interest rate rises. So life becomes more expensive all round says Financial Mail's economics editor