Archive for November, 2006
Credit Card Fees to Return?
It may come as a suprise to a lot of people but the banks and credit card providers are starting to talk about reintroducing annual fees on credit cards.
This follows on from the OFT insisting they charge fair penalty fees for people who go over their limits or fail to make their monthly payments.
Rather than [...]
Another Bank Rate Rise
The UK Bank Rate went up again yesterday. The quarter percent rise brings the standard rate to 5%.
It doesn’t sound much but the trend has been up for a couple of years now. Already commentators are talking about another possible rise early next year.
For savers this will be welcome news but for those in debt [...]
When will the madness end?
Abbey have announced that they will start offering mortgages of up to five times annual salary to certain qualified people. The requirements are that you should earn over £50,000 yr and have a 25% deposit.
This raises all sorts of questions. Will people ever be able to pay off their mortgages? Remember that the banks are [...]
