UK Mortgages rates and deals

July 31, 2008

Fixed Annuities Is My Fixed Annuity Really Fixed

Filed under: General Business — Denis Green @ 2:52 pm

Be careful because fixed does not always mean it is always fixed at the same rate Some annuities are notorious for changing things up on consumers when they least expect it

UK house price fall ‘at a record’

Filed under: General Business — Phill Taylor @ 2:52 pm

UK house prices see their biggest annual fall since the Nationwide began its housing survey in 1991, new figures show.

Anger over £1bn Centrica profits

Filed under: General Business — Phill Taylor @ 2:52 pm

Consumer groups express anger as British Gas owner Centrica reports £992m in profits, a day after raising gas prices 35%.

Covered Bonds, Exposed Taxpayers

Filed under: Mortgages — Denis Green @ 2:52 pm

Promoted by Paulson as a safer way to fund mortgages, the bonds just transfer risk from buyers to the FDIC

Weak US growth adds to gloom

Filed under: Bridging Finance, UK Mortgage Brokers — Cindy Smith @ 2:52 pm

The US economy grew at an annual rate of 1.9% in the second quarter, a faster pace than earlier in the year but slower than economists were expecting, the commerce department said

BT slides as results disappoint

Filed under: Bridging Finance, UK Mortgage Brokers — Cindy Smith @ 2:52 pm

Shares in the telecoms group tumbled after it reported pre-tax profits before restructuring and redundancy charges fell 7% in the first quarter. Investors focused on weaker margins in its global services division, a sharply higher cash outflow and a move from surplus to deficit in the pension fund.

CBI warns on excessive pensions regulation

Filed under: Bridging Finance — Phill Taylor @ 2:52 pm

Excess regulation is increasing the risk of final-salary pension schemes being closed or bought out, the Confederation of British Industry said on Wednesday, joining growing criticism of new rules facing the industry.

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