Despite a rise in the number of mortgage deals on offer, a large deposit remains essential in securing a competitive loan, both for house purchasers and remortgagers.
According to research by Moneyfacts Group for the BBC, the number of mortgage products available has risen 66% so far this year, to 2,351.
However, the financial researcher found that [...]
The Reserve Bank of India (RBI) has raised its key interest rate from 4% to 4.5% in a bid to combat rising inflation.
It is the fourth such increase this year and economists had only expected a rise to 4.25%.
Inflation rose to 10.55% in June and the latest interest rate hike is a fresh attempt to [...]
Sainsbury’s Finance has boosted the interest rate on its Easy Saver account for new customers.
Interest on accounts opened after 25th June 2010 will be paid at 2.7% Gross AER, an increase of 0.2 percentage points on the previous rate.
The 2.7% rate will be paid to new customers for 12 months provided they maintain a balance [...]
Sainsbury’s Finance has boosted the interest rate on its Easy Saver account for new customers.
Interest on accounts opened after 25th June 2010 will be paid at 2.7% Gross AER, an increase of 0.2 percentage points on the previous rate.
The 2.7% rate will be paid to new customers for 12 months provided they maintain a balance [...]
A survey by Westpac bank and the Melbourne Institute has revealed that Australian consumer confidence has been hit by the recent hike in interest rates.
The study, which questioned 1,200 people, found that consumer morale in May fell for the second consecutive month – by 7% to a reading of 108.
This represented the biggest monthly fall [...]
The Russell Group, which represents 20 elite, research-intensive universities, has suggested that graduates may have to start paying back their student loans earlier and at a higher rate of interest, in order to prevent a major funding crisis.
Following an official review of student finance and fees, the group warned that the financial sustainability of the [...]