If you happen to have a minimum of £30,000 sloshing around earning a pitiful interest rate in the bank, then a new service might find you a better return.
Mortgage Cap: FSA To Limit Borrowing Rates
It looks as if the FSA is hoping to shut the stable door after the horse has bolted with plans to cap the amount that mortgage lenders can offer to borrowers.
The new rules are to be announced this week, with 100% mortgages expected to be banned, along with guidelines on the maximum borrowers are allowed to be lent based on a multiple of their salaries.
Roaming Mobile Broadband Usage Leads To £22k Vodaphone Bill
Here’s a tale with a simple warning – don’t be silly enough to download British TV shows to your laptop whilst using a mobile phone data card abroad.
That’s just what one Vodaphone customer did, whilst he and his son were staying abroad, and he came home to a bill for a whopping £21,716.
House Prices Will Fall Further: Graphs
MoneyWeek has posted some pretty interesting evidence to suggest that now still might not be the right time to start buying properties again, and that house prices could fall even further in the near future, despite there being a few more positive signs in the housing market in recent weeks.
UK Interest Rates Since 1694
At just 0.5%, we’re currently experiencing the lowest rate of interest since the Bank of England was founded back in 1694. Why not check out each and every interest rate since its beginning, courtesy of new data released by the Guardian.
Savers Looking Abroad For Higher Returns
Following the collapse of the Icelandic banks a few months ago, there seemed to be a trend towards British savers pulling their money back home, to give themselves peace of mind that their money was guaranteed under the government’s Financial Services Compensation Scheme.
Safely Stash Your Money Under Your Bed
Thinking of stashing your cash under the matress now that you’re getting a pitiful interest rate on your savings? Well, this new “Safe Bed” from Feather & Black might be just what you’re looking for.
OFT Shuts Down Fake Debt Advice Websites
The Office of Fair Trading is telling people in debt to be careful if they’re searching for debt help online, as they’ve recently ordered 11 companies to shut down “fake” debt advice websites.
Quantitative Easing. What Is It?
There’s been a lot of talk about quantitative easing today, following the news that the Bank of England (BoE) will be using it in an attempt to help the economy (along with interest rate cuts). But what is it?
Google TipJar – Rate Money Saving Tips
Just a few days ago I thought of an idea for a new site which would help sort the wheat from the chaff with money saving tips, breaking them down in to categories, such as saving around the home, saving on travel etc (a kind of “money saving directory”), which allowed users to rate and rank the tips, highlighting the most useful.
Sadly, a rather large web company has just launched a very similar idea.