Category archives for: Property & Mortgage

Britain in double recession whammy,… intensifying more government woes

British Economy

The British economy has fallen into its second recession since the financial crisis after a shock contraction at the start of 2012

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£50Billion pumped into British economy to boost business and investment

Brit flag

The Bank of England’s Monetary Policy Committee on Thursday announced plans to inject a further £50bn into the ailing British economy over the next three months. Explaining its decision to increase the size of the asset purchase programme from £275bn to £325bn, the MPC conceded that business surveys since the turn of the year have [...]

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UBS trade Loss: Bank Chief Executive quits

UBS

The new interim boss of UBS faced a daunting task on Sunday as he tries to get the Swiss bank back on its feet after Oswald Gruebel quit as chief executive over the $2.3 billion loss it ran up in alleged rogue trading. Sergio Ermotti said on Saturday the scandal had revealed a risk exposure [...]

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Halifax: New strategy to lure customers as bank launched Premium Bond

Halifax Bank

Halifax is hoping to create a buzz in the savings world with the launch of a new Premium Bond-style monthly prize draw for savers with £5,000 or more in their accounts. Every month, the Halifax Savers Prize Draw will give away three lots of £100,000, a hundred £1,000 prizes, and a thousand £100 payout. All prizes paid by [...]

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More hope for new buyers as Halifax saysUK house prices fall in August

UK Mortgage

The average price for a UK property now stands at £161,743, according to one of the country’s leading lenders. Halifax’s house price index revealed that the value of residential property continued to fall throughout August by 1.2 per cent, despite the fact that prices in the three months to August were 1.0 per cent higher [...]

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UK banks conduct credit checks on borrowers to halt mortgage arrears

Homeowners are being warned by banks to cut their expenses if they look like they will struggle to meet their monthly mortgage repayments.

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