Stretched customers rack up banks’ income Last month the Office of Fair Trading capped the penalty charge on overdue credit card payments. It is now carrying out a preliminary review of current account charges.
A halfway house offers a place to shelter If your primary concern for your investments is the risk of losing money then it would seem counterintuitive to consider an equity fund. But there is a halfway house and growing numbers of investors are taking it.
More than a leg up for cash-strapped first-timers Buying your first home has long been a rite of passage in the UK. Like graduating from university and getting your first job, it is seen as part of the process of becoming a responsible adult in a culture that attaches great importance to home ownership.
Put your feet up in a place in the sun A flat in the bustling beehive of Benidorm or a quaint white-washed casita on a hill overlooking the Mediterranean in Menorca? On the hunt for more affordable places to retire, Britons have long flocked to sunny Spain to live out their later years.
Lettings market faces a multiple problem Scores of landlords are either selling their large rented properties or paring back the number of tenants who live in them to avoid bearing the brunt of costly new licensing requirements.
Cyberspace, the final frontier for small investors Over the Christmas period last year, when most private investors were busy celebrating and even fund managers were away from their desks, a small group of maverick investors were having discussions that would lead to an attempt to unseat the chairman of a
Green investment is still in its budding stage Does Sir Richard Branson’s announcement that Virgin will invest an estimated $3bn (Â£1.6bn) in renewable energy over the next decade mean that clean energy production one step closer to becoming the next technological revolution?
Claimants pin hope on ombudsman Tens of thousands of Equitable Life policyholders have left the life assurer following the compromise settlement agreed in 2002. But there are still around 50,000 Equitable policyholders who have no option but to remain with Equitable.
Wealthy investors urged to consider affordable flats Disused banks and flats above shops might not be as glamourous an investment prospect as a villa on the Cote-d’Azure but buying into the development of these types of buildings has attractive tax perks for wealthy investors.
Load ’em up and take hold of the readies If you make a claim on your home insurance policy or step off a flight to find your luggage has not arrived with you, you may now find that you are reimbursed with a pre-paid card rather than cash or a cheque.
Borrowers set up home in never-never land First-time buyers and cash-strapped home owners are scrambling to take out interest-only mortgages that could leave them facing financial ruin or forced to trade down the property ladder to pay off their mortgage.