News

Spanish bank says it has no "current plans "to float its UK arm

Santander walks away from £1.7bn branch deal with RBS

Nearly 2 million customers left in limbo two years after deal was agreed

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Kate Hughes: Memo to No 10... A financial fix that is a no-brainer

The life-long benefits of effective money advice and education is proved by a recent project

Mortgage dilemma: Offsetting could offer a happy compromise between debts and savings

House prices down 1.2% over year

House prices continued to edge lower last month and the market is expected to remain subdued but stable into 2013, the Halifax said today.

Cheaper mortgages will only help the rich or those who are long term homeowners

Britons cut mortgage debt by £9.8bn

Britons reduced their mortgage debt by £9.8 billion in the second quarter of this year as the housing market remained subdued, Bank of England figures showed today.

Cuts to interest rates hit savers

Hard-hit savers face more income falls as banks and building societies make further cuts to their interest rates.

Santander’s move may be followed by other banks

Santander hikes variable mortgage rate to 4.74%

Mortgage costs for thousands of borrowers will jump from tomorrow when one of the country's biggest lenders hikes its standard variable rate (SVR).

Banco Popular starts fund raising in Spain

Beleaguered Spain began the lengthy task of propping up its debt-laden banks yesterday as the nation's sixth-biggest bank set out plans to raise €2.5bn (£2bn).

Banks axe investment advice for small savers

The imminent implementation of huge changes to the way consumers pay for financial advice is driving high-street banks to remove investment advice services for those with smaller savings or investment pots.

Markets plummet as Spain's borrowing costs soar

European stock markets tumbled as fears returned about the state of the Spanish economy and rising political tension in the key eurozone state.

James Moore: An odd problem for Lloyd's: too much cash undeterred by a run of disasters

Outlook: Lloyd's of London was once the City's problem child. It's now the class prefect. That was driven home by yesterday's results: the insurance market posted its best half-yearly profits for five years.

House prices in surprise rebound

House prices have recorded their biggest monthly rebound in more than two-and-a-half years, the Nationwide said today.

First-time buyers lose out as borrowing costs rise

The average first-time buyer is now paying an extra £118 a year in mortgage payments despite the recent launch of the Bank of England's £80bn Funding for Lending Scheme to cut the cost of borrowing, new figures reveal.

Exclusive: First-time buyers feel the pain as home loan costs soar

Many borrowers must pay £118 a year more despite £80bn boost to lending

Santander under fire after huge hike in mortgage rates

The Spanish-owned bank Santander was accused of "profiteering" last night after it sneaked out a huge mortgage rate hike in letters to customers.

The bank has 16.8 per cent of the mortgage market, only beaten by Lloyds Banking Group

Santander under fire after huge mortgage rate hike

Bank accused of 'profiteering' following 12 per cent rise in home loan payments

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Prices correct as of 23 January 2015
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