Royal Bank of Scotland (RBS) has been accused of making customers pay above average rates on their mortgages despite the nationalised banking group reporting profits.
The bank took billions of pounds in Government support during the credit crisis, but has since recovered to make a net profit of £9 million for the first six months of [...]
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House prices edged ahead by just 0.1% during June as demand from potential buyers stalled, research indicated today.Estate agents in England and Wales reported only a 0.1% rise in new buyer registrations during the month, with falls in demand recorded in six out of 10 regions, according to property intelligence group Hometrack. But the number of [...] House prices in England and Wales are continuing to rise strongly, according to the latest figures issued by the Land Registry.Prices in April rose by another 0.2%, pushing up the annual rate of increase to 8.5%. This was the fastest rate of growth since September 2007. Meanwhile, the number of mortgage deals on offer has risen [...] The total worth of UK households’ property, savings and investments, was £6.3 trillion at the end of 2009. It gives an average value per household of £237,000, three times the £73,000 in 1959 (at today’s prices). The difference between household wealth and value per household is due to the rise in the number of homes since then. There [...] Labour govt will need to borrow record £167 billion Alistair Darling has announced in the 2010 Budget. The chancellor said he would stick to the plan to cut borrowing by half over the next four years although he made no mention how he would achive this accounting trick as he also downgraded his growth forecast for [...] First time buyers in the north of England were the youngest and paid the smallest deposits compared with other areas of the UK in 2009. People buying their first home were aged 27 on average in the north of England and in Yorkshire and Humberside. Those in the North paid an average deposit of 19%, the figures [...] The recovery in the UK housing market will be shattered by the increase in property stamp duty, if it is implemented at the start of next year. On January 1 2010 the Treasury is due to lower the stamp duty threshold on houses from £175,000 to £125,000, catching well over 100,000 home buyers, many of them [...] Gordon Brown was accused last night of misleading the Commons after leaked Treasury papers disclosed unpublished government plans to cut spending by £36 billion a year by 2014. David Cameron said that while Mr Brown was accusing the Conservatives of planning cuts of 10 per cent, and insisting that he did not want to do the [...] British unemployment hit 2.47 million in July, its highest level since 1994, as 210,000 more people lost their jobs. The number of people claiming jobseeker’s allowance rose by 24,400 to 1.61 million in August — the highest since May 1997 and the eighteenth monthly rise in a row, according to the Office for National Statistics (ONS). The [...] Alan Greenspan, the former US Federal Reserve chairman blamed in some quarters for not doing enough to prevent the financial crisis, has predicted that more crashes are inevitable. Speaking a year after the collapse of Lehman Brothers, the US investment bank, Mr Greenspan said: “The crisis will happen again but it will be different. They (financial [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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