UK Mortgages rates and deals

International diplomats were scrambling to avert a wider regional crisis after the Russian military clashed with Georgian government forces in South Ossetia

The US dollar enjoyed its biggest one-day jump against the euro in eight years, as the long-running tendency of the dollar to weaken while commodity prices strengthened went into a dramatic reverse

Royal Bank of Scotland posts a pre-tax loss of £691m in the first half of 2008, the second-biggest loss in UK banking history.

The number of properties repossessed by mortgage lenders in the UK rose by 48% in the first half of 2008, to 18,900.

As the first week in the latest round of our Strategy Lab closes, a quizzical market and a broad array of player strategies and picks provide plenty to think about.

Many homeowners are now finding themselves in a situation where they cannot afford to pay off their mortgage any longer This maybe because they had taken advantage of the short-term interest-only loans or had their properties valued lower than the loan they have obtained

Georgia has warned that Moscow and Tbilisi would be in “a state of war” if reports of Russian tanks, military trucks and troops entering South Ossetia proved true