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&#39Boomerang&#39 relatives pose financial threat – Birmingham Midshires

The trend of children and elderly relatives moving back into the family
home is putting severe financial strain on working adults according to
lender Birmingham Midshire&#39s latest research. While 63 per cent of
the adults questioned said they could cover additional day to day
costs for these &#39boomerang&#39 relatives such as food expenses, only
54 per cent felt they could afford to pay the extra household bills.


Nationwide – 2 Year Fixed Rate Mortgage

NATIONWIDE 2-Year Fixed Rate Mortgage Type: Fixed-rate mortgage Fixed term: Two years Fixed rate: Up to 95% of valuation 5.49%, up to 90% of valuation 5.09%, up to 75% of valuation 4.99% Minimum loan: £1 Maximum loan: Up to 95% of valuation subject to a maximum of £200,000, up to 90% of valuation subject to […]

Abbey consolidates 40 customer service centres

Abbey has finalised details of its strategic review, aimed at improving customer service and boosting the efficiency of its operations through concentrating on larger customer service centres.Abbey is slashing its 40 UK service sites to move to five major locations in which there will be £25m invested over the next three years. These are in […]

No penalties on Skipton 10-year fixed mortgage

Skipton Building Society is offering a 10-year fixed-rate mortgage with no redemption penalties. This is Skipton&#39s first entry into the long-term fixed-rate market. The loan is fixed at 5.99 per cent until March 31, 2005, increasing to 6.24 per cent until March 31, 2014. The loan then reverts to Skipton&#39s variable rate with a 0.75 […]

Direct Life aiming for principal status as it starts network

Direct Life and Pension Services is to seek principal status from the FSA as it starts a mortgage and insurance network. Sales and marketing director Richard Verdin says the new venture, Enable, will offer all the regular network services including a mortgage club and free mortgage sourcing, plus access to products from leading UK insurers, […]

Harris Associates' view on the UK’s vote to leave the EU

By David Herro, Partner, Deputy Chairman, Portfolio Manager and Chief Investment Officer of International Equity at Harris Associates Britain’s vote to exit the European Union has led to significant uncertainty across global markets. We believe market impact of this uncertainty, though severe, is more of a shorter-term phenomenon which will provide an opportunity for long-term […]


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