FSA censures Garrison Finance Centre

The Financial Services Authority today publicly censured The Garrison Finance Centre Limited for failing to communicate clearly the risks of complex investment products - geared traded endowment policies – to their customers.

Yorkshire Building Society report £65.4m profit

Yorkshire Building Society announces a strong financial performance in the six months to 30th June 2010 following the successful completion of its merger with Chelsea Building Society on 1st April 2010.

UK banks write-off of £23.35m a day

UK banks and building societies wrote off £9.6bn of loans to individuals in the last 12 months to end Q1 2010. In Q1 2010 they wrote off £2.13bn (£1.25bn of that was credit card debt). This amounts to a write-off of £23.35m a day, reveal Credit Action.

Surging housing supply boosts market activity 20%

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Coventry launch new 2 year tracker bond

Today, Coventry Building Society is launching a new Bank of England Base Rate tracker bond that is guaranteed to pay at least 3.20% AER/Gross p.a until 30.09.12.

Savers kept in the dark about rate changes

Many savings providers fail to keep their customers informed about important changes to interest rates on their accounts, according to new research from the experts at Which? Money.

BoE: UK mortgage approvals drop

The number of loan approvals for house purchase (47,643) was lower than the May figure (49,461) and below the previous six-month average (50,036), reveal the Bank of England.

Gross lending at mutuals up 19% in June

Gross mortgage lending by mutuals was £1,798 million in June, 19% greater than the £1,507 million in May, and 34% higher than the average of £1,345 million over the previous five months.

Advisers want greater consumer education on equity release benefits

Advisers are positive about the outlook for the equity release market for the rest of 2010, but concerned that measures to educate consumers about the sector are not hitting their target, reveals the Bridgewater Equity Release adviser survey.

Latest Personal Finance News.

Coventry launch new 2 year tracker bond

Savers kept in the dark about rate changes

BoE: UK mortgage approvals drop

Gross lending at mutuals up 19% in June

Advisers want greater consumer education on equity release benefits

House prices fall 0.5% in July, say Nationwide

Government spending cuts puts UK house sales on hold

Abbey reduce booking fees on mortgage products

Leeds launch 3% cashback mortgage

Big surge in tied products, finds Which?

House prices up 8.4%

Treasury Committee announces new inquiry into Financial Regulation

Barclays cuts rates on 80% LTV mortgages

Leeds launch self-build mortgage

Islamic Bank of Britain set for £20million capital boost

Lloyds Banking Group to scrap Payment Protection Insurance

East London house prices up 26%

Consumer Panel calls for straightforward, financial products

Treasury launches regulatory reform consultation‎

Home-movers confident of price recovery by mid-2011

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The Debt Advisor to help HM Forces

LeadPoint UK Celebrates 4th Birthday

Aldermore strenghtens the support it provides to intermediaries

Melton selects Promise for secured loans

Mayfair Bridging launch new product

Y3S launches mortgage offering

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