News

Figures undermine Osborne's claims that sale presented a profit for taxpayers

House prices reached new high in August as property market recovery gathers pace

House prices reached a new high in August as the property market recovery gathered pace, official figures have shown.

A 2 bedroom flat for sale on Oxford Road, Cowley, Oxford. On with Oxford Apartments for £245,000.

House sales at four year high

Surveyors expect the number of transactions and house prices to continue rising

MPs criticise George Osborne’s £12bn Help to Buy plan for risking housing bubble and distorting recovery

George Osborne’s £12bn scheme to help first-time buyers could backfire by creating a housing bubble and distorting the economic recovery, MPs warned the Chancellor last night.

Money alert: Credit card insurance

High street banks are being forced to pay compensation of £1.3bn after they were found guilty of flogging useless and unnecessary credit card fraud and identity theft insurance.

Second steppers in Scotland more reliant on Bank of Mum and Dad than first-time buyers

More than two thirds of second steppers are struggling to find a suitable or affordable property

Lloyds Banking Group shares were today trading above the Government's break-even price

Hopes of pay-back time for taxpayers as Lloyds shares pass break-even price

Chancellor may soon start to recoup £20bn spent rescuing lender

FCA flags up Barclays as the most complained about bank

Lloyds TSB and Bank of Scotland also at the top of the list in the table of shame

Ford's Transit van

How the Bank Governor found time to ease van man's frustration over loan refusal

Mike Benson thought, as the owner of a profitable small business, a £10,000 loan for a new Ford Transit van wouldn’t be too much to ask.

PPI drives surge in complaints to Financial Ombudsman

Complaints to the Financial Ombudsman more than doubled in the second half of 2012 to a record 283,251, a 110 per cent increase over the first six months.

PPI mis-selling complaints at Lloyds total 1.4 million

Lloyds Banking Group received almost 1.4 million complaints about mis-sold payment protection insurance in 2012, it has admitted. The bank was fined £4.3m last week after it failed to pay compensation quickly enough to tens of thousands of PPI victims, yet it declared it has made "significant progress" on dealing with customer complaints.

Buying a home is £1,440 cheaper a year than renting one

New figures suggest that buying a house is more affordable than renting in all UK regions

Bank staff charged over fraud

Eight people have been charged in connection with a series of fraudulent business loans made through a high-street bank to the value of about £35m.

Dick Place in Edinburgh is Scotland's most expensive street

Rubislaw Den South in Aberdeen comes second with an average price of £1,455,000

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