Housing & mortgage round up: Slow week for housing news

After last week’s bumper round up, including the house price figures from the Halifax and Nationwide, this week has been relatively quiet for housing news. We have however managed to find a few interesting stories for those of you who need your weekly fix of housing and mortgage news. Mortgage lenders cut interest rates again As the effects of the government’s Funding for Lending Scheme (FLS) kicks, 10 mortgage lenders have reduced the interest rates on many of their deals. Amongst the lenders dropping their rates ING Direct has cut their two and five year fixed rates, whilst Nationwide are cutting their two ...

Savings: Bank of Cyprus savers to get FSCS protection

Savings: Bank of Cyprus savers to get FSCS protection In a move that will be welcomed by many UK savers the Bank of Cyprus is set to join the UK Financial Services Compensation Scheme (FSCS). At present savers with the Bank of Cyprus are protected by the Cypriot Deposit Protection Scheme, which provides cover up to €100,000, equal to approximately £80,000 at the current exchange rate. However, the bank’s UK subsidiary will now become a member of the UK FSCS, probably ...

Savings: More publicity for saver protection

Savings: More publicity for saver protectionIt seems that people with savings accounts are still unaware of the compensation they are entitled to if their bank or building society fails. The FSA (Financial Services Authority) want to address the problem and under new regulations due to be introduced on 31st August are requiring all banks and building societies to put up notices in their branches and also on their websites explaining to savers how their money is protected....

Savings: Bank balances rise despite low interest rates and tough economic message

Despite the tough economy and all time low interest rates, even on the best buy savings accounts, it seems that we are saving more. According to ING Direct’s consumer savings monitor report, which survey’s around 1,000 people, savings ratios rose by 18% in the first quarter of 2012 compared to the same time last year. Our advisers can help you get your savings working harder for you...