400k by 2011′ 400,000 by 2011, according to the London Housing Federation (FHF).
ALIL Euro Savings increases rates Leicester International’s (ALIL), Euro Savings account has been announced by the offshore savings bank.
Britannia sees rise in child trusts opened An increase in the interest rate for Britannia Building Society’s tax-free child trust funds has seen a 20 per cent rise in the number of accounts opened.
Updated Abbey Guaranteed Growth Plan launched A sixth issue of the Abbey Guaranteed Growth Plan has been introduced to the market, offering customers a guaranteed return of at least their individual investment.
Thieves more active in winter Burglaries, especially forced entries to properties, increase in winter months highlighting the need for extra vigilance, says Halifax Home Insurance.
General launches mortgage with Platform General Mortgage Club has teamed up with Platform, intermediary lender of Britannia Building Society, to offer customers an exclusive product aimed at the non-conforming borrower market.
Offset mortgages could be ‘best option’ Homeowners taking advantage of an offset mortgage could save themselves thousands in the long run according to new research.
House buyers ‘paying 60 per cent more’ Those attempting to step onto the property ladder are finding it 60 per cent more difficult than their parents, according to new research by Alliance Trust.
Swindon online mortgage finder launched Swindon online mortgage finder has been introduced by the building society in a bid to change customers’ habits in terms of selecting mortgages online.
CML slams Hips A government proposal to make home information packs (Hips) compulsory when a property is purchased has been dismissed by the Council of Mortgage Lenders (CML)
Halifax Home Insurance warning for Bonfire Night Halifax Home Insurance has warned homeowners to be careful this November, after six million Britons admitted to using lethal fire accelerants to start outside fires.
Abbey mortgages ‘to help first-time buyers’ Abbey mortgages could make life easier for first-time buyers, the lender claims, thanks to a new range of products tailored specifically to meet the needs of those struggling to get a foot on the property ladder.
Birmingham Midshires marks lower savings levels While Christmas may be just around the corner, savings are at their lowest level for the past year, according to new figures from Birmingham Midshires.
Make your credit card work for you, says expert A leading personal finance expert is urging consumers to make their credit cards work for them by taking full advantage of the benefits on offer.
Ombudsman gets tough on banks over unfair charges Bank customers who complain about unfair charges are getting record levels of compensation, in a growing sign of banks’ willingness to settle claims.
Taxpayers in the dark over the legality of some schemes Taxpayers could face years of backdated charges because HM Revenue & Customs is failing to indicate whether or not certain disclosed tax-efficient schemes are legitimate.
Cash-strapped home-hunters get toeholds on property ladder Many people who rent the house they live in do not do so out of choice. They see rent as dead money and would prefer to own their home and pay their own mortgage rather than pay the landlord’s.
Clear appeal of ‘the purest form of trading’ Private investors are set to enjoy cheaper equity trading as increasing numbers of stockbrokers offer a direct route straight to the order book of the London Stock Exchange.
Burgeoning debt industry loses its allure If you watch television, listen to the radio or are an habitual reader of tabloid newspapers, you have seen or heard the advertisements. Sinking in debt? Clear your debts in three to five years.
Cash release schemes may make comeback Home reversion plans, which used to be a popular way for homeowners to release cash from their property, could be set for a comeback as formal regulation of these schemes next April is likely to give them some much-needed respectability.
Bad habits can lead to a healthy income Healthy individuals face shrinking pension incomes as the increased popularity of enhanced annuities, which offer better deals to people likely to die younger, is piling further pressure on to already low standard rates.
UK managers follow US model to offer high returns There is a type of equity fund that is hugely popular in the US but has yet to take off in a big way in the UK. Known as a covered call fund, it combinestraditional equity investments with derivatives to generate higher levels of income.
Investors go in one door and out the other Savvy institutional investors are pulling out of the UK commercial property market in droves just as record numbers of private investors are piling in.
Buyers flock to spread the cost of a home loan More and more first-time buyers are willing to shelve their differences and share their living space for a more affordable step on to the property ladder. According to lenders, record numbers of 20 and 30-somethings are pooling their funds and taking out
Buffett ends sleepless nights for many Names Warren Buffett’s offer to absolve Lloyd’s Names from future potential liabilities should put an end to decades of uncertainty for many of the 34,000 Names, not least in their inheritance tax planning.
How to make a big hit in one tax year The new pension rules significantly lifted the bar on contribution thresholds. But a small group of high-flying executives and City workers are taking advantage of a loophole that allows them to pay even more into their schemes, at least for one tax year.
Alternative routes when Treasury splits heirs The Treasury’s threatened clamp-down on Alternatively Secured Pensions is leading to a search by pensions savers and their advisers for other ways of obtaining comparable tax breaks.
Treasury may heed calls to raise ISA investing limit Investors saving through Individual Savings Accounts (Isas) would be able to put in much larger sums of money than presently allowed, if industry proposals are taken up by the Treasury.