Building Societies

Is Help to Buy the right option for first-time buyers in 2018?

<b>Hundreds of thousands of people have used Help to Buy to get on to the property ladder over the past 5 years – but in a low-rate market, is it still</b> …

Mortgages

Siteslegalweek20180119british Land Appoints Former Co Op Bank Gc To Head Legal Team - Legal Week

The Co-operative Bank’s former general counsel Brona McKeown has joined British Land as GC and company secretary.<p>McKeown, who was the FTSE 100 …

Law (UK)

Still got some old round pounds? It's not too late to change them for new ones

You might know the old £1 coins are no longer legal tender.<p>But did you realise you can still take them to the bank - and sometimes get shiny new ones …

Banking

Nationwide Building Society guarantees Carillion workers’ jobs

Nationwide Building Society will take on around 250 former Carillion employees and guarantee the jobs of a further 1,500 workers employed by …

Banking (UK)

Banks to set up funds to help businesses hit by Carillion collapse

Several of Britain’s biggest banks on Thursday signalled their intention to support small companies that supplied Carillion and could be hit by the …

Lloyds Banking Group

Nationwide and Lloyds announce Carillion support measures

© Reuters. A logo is seen in front of cranes standing on a Carillion construction site in central London<p>By Lawrence White and Emma Rumney<p>LONDON …

Lloyds Banking Group

Leeds announce cuts to five-year fixed rates

Leeds Building Society has announced that it has reduced its fixed rate products by up to 0.30%, with a 1.99% five-year fix at 90% LTV amongst the …

Property (UK)

Workers wait for job clarity after Carillion demise

Thousands of workers for the collapsed contractor Carillion are hoping to receive clarity over their jobs on Wednesday.<p>The government has already …

Banking (UK)

Hinckley & Rugby announce launch of new low-fee BTL product

<b>By Warren Lewis 17th January 2018</b><p>Hinckley & Rugby Building Society has launched a new lower-fee two-year discount Buy to Let mortgage currently …

Property (UK)

FT Opening Quote – Interserve on financial health watch

Another 24 hours into the liquidation of <b>Carillion</b>, and the crisis seems to spread wider by the minute, <i>writes Matthew Vincent.</i><p>Last night came news …

Markets

Why a postcode lottery means you could be missing the best Isa rates

Savers face a postcode lottery that can boost cash Isa returns by as much as a third, according to new research from Hargreaves Lansdown.<p>The most …

Personal Finance (UK)

New top variable rate cash Isa pays 1.25pc

Cash Isa savers looking for a flexible account can now earn 1.25pc, but will have to wait for 60 days if they want to withdraw the cash.<p>Mansfield Building Society offers the market leading variable rate Isa, which can be opened by post or in one of its four branches in the Nottinghamshire area.<p>The …

Banking (UK)

Nationwide takes Carillion contract staff

<b>Building Society Nationwide has said it will take in-house jobs which were performed by staff of the failed outsourcing company Carillion.</b><p>From next Monday 250 staff, mainly cleaners and maintenance workers, who were on the Carillion payroll will be be employed directly by Nationwide.<p>The lender will …

Greg Clark

Donald Trump thinks the UK is overrun with extremism, says Theresa May's former speechwriter

Chris Wilkins has yet to turn 40 but his journey from Barry Comprehensive to Downing St has already seen him craft some of Theresa May’s biggest …

News (Wales)

Halifax is offering £500 to new mortgage customers

The cashback offer is for a limited time only but if you catch it before it's withdrawn, you will receive £500 on the day that your mortgage …

Mortgages

House price growth in Wales outstrips UK - Principality

<b>Welsh house prices grew by 3.3% in 2017 - a slightly faster rate than the UK as a whole, latest figures have suggested.</b><p>The Principality Building Society data showed the average house price in Wales is now £179,855.<p>But the growth rate slowed from 2016 when Welsh prices rose 3.6%. House prices grew …

Real Estate

Dominos Pizza looks set for Prestatyn go-ahead despite littering and anti-social concerns

Planning officers recommend the takeaway is given the go-ahead

News (Wales)

Bitcoin investors struggle to cash out new fortunes

Bitcoin investors trying to channel their new fortunes into property are being turned away by mortgage lenders and brokers who fear breaching anti …

Property (UK)

Open Banking: Britain's gigantic financial experiment

So-called Open Banking kicks off on Saturday in what amounts to a gigantic financial experiment in which Britain is leading the world.<p>Under the …

Banking

Open Banking 'revolution' to challenge banks' dominance

<b>A fundamental change to the way people can bank, manage and spend their money in the digital world is under way.</b><p>A change in the law and the start of the Open Banking system means people can allow businesses, other than their bank, to access their financial data.<p>Organisers say this has the potential …

Banking

Nominees Announced for 20th Welsh Contact Centre Awards

The nominees for the landmark 20th Welsh Contact Centre Awards have been announced by the Welsh Contact Centre Forum, ahead of March’s event in the …

News (Wales)

New 1.2pc savings account for those who 'actively avoid the internet'

Banks and other finance firms are usually keen to promote their latest online accounts and services.<p>But one building society has taken the opposite approach: it is plugging an easy-access savings account aimed at those who "actively avoid the internet".<p>Paying 1.2pc it is not the best rate on offer, …

Banking (UK)

U.K. House Prices Drop in December as Economy Loses Steam

U.K. house prices fell for the first time in six months in December amid economic uncertainty and a squeeze on incomes.<p>Prices slid 0.6 percent on the …

Business

The 12 steps to get richer in 2018

There is no better time to get your finances in shape than early in the New Year.<p>Here are a dozen tips on how to enjoy financial success in 2018.<p>1. …

Money

Half a million mortgages will mature in 2018: here's how you could save £600 a year

Mortgage borrowers are expected to switch to new loans in large numbers this year as existing deals expire – and many will be able to save significant sums because rates now are lower than they were when their existing deals were taken out.<p>Analysis for <i>Telegraph Money</i> suggests that more than half a …

Mortgages

Sears closing 100 more stores

RETAIL<p>Sears closing 100 more stores<p>On Thursday, Sears announced that it would continue the “right-sizing” of its retail footprint by closing 103 …

Vijay Mallya

London Luxury Home at ‘Unbelievable’ Discount Shows Price Falls

“Unbelievable reduction,” says the broker’s email.<p>An investor who agreed to purchase an apartment at the ritzy One Blackfriars project on the banks …

Business

Upbeat Jobs Data May Lead To Continued Strength On Wall Street

(RTTNews) - The major U.S. index futures are pointing to a higher opening on Thursday, with stocks likely to see further upside after climbing to new record closing highs in the previous session.<p>Early buying interest may be generated in reaction to a report from payroll processor ADP showing …

Economy

LONDON MARKETS: Oil Companies Power FTSE 100 To All-time High As Iran Tensions Stir Energy Markets

Debenhams shares tank after profit warning<p>U.K. stocks ended at a record closing high on Thursday, with energy companies among the biggest gainers as oil prices continued their rally to trade around a three-year high.<p>What is the market doing: The FTSE 100 index added 0.3% to close at 7,695.88, …

Markets

Dollar resumes slide as euro nears 3-year high

The U.S. dollar returned to the red against most major currencies in Thursday trading, its move especially pronounced against a euro that neared a …

Economy