Banking News
Support for Skipton remains strong
Members of Skipton Building Society have again shown their support for the mutual as 20% (around 94,000 members) voted in its Annual General meeting yesterday.
UK mortgage approvals fall
March’s net mortgage lending weakened and all forms of mortgage approvals declined, according to figures from the British Bankers’ Association (BBA).
New ‘Charity of the Year' for the Coventry
Coventry Building Society is delighted to announce that from 1 May, Macmillan Cancer Support has been chosen as its new ‘Charity of the Year'.
Bank of England: Special Liquidity scheme
The Bank of England is today launching a scheme to allow banks to swap temporarily their high quality mortgage-backed and other securities for UK Treasury Bills.
Government proposal allows banks to 'have their cake and it eat it'
James Caldwell, director at FairInvestment.co.uk comments on the Government's proposal to transfer mortgage-based assets into Government bonds: "At a time where the private sector is not prepared to put any liquidity into the market, the Government has stepped up to try and ease the crisis.
Horoscope more important than credit rating
A good credit rating should be the must-have accessory of 2008 but it seems Brits are relying on their horoscopes to get them through instead.
Abbey mortgage and savings update following base rate cut
Abbey has announced changes to its savings and mortgages range following the Bank of England's decision on base rate last week.
Yorkshire announces two new branches
The feeling will be mutual in the West Midlands this year as Yorkshire Building plans to open two new branches.
Consumers urged to remain vigilant of phishing scams
APACS, the UK payments association, has advised about the increasing numbers of phishing attacks in the UK and reminded consumers of the tips to help them avoid falling victim to such crimes.
Chelsea 's £205,000 boost from Britannia
Fans of Chelsea FC will be celebrating a £205,000 boost from Britannia Building Society tonight when the Society presents the club with its annual bonus cheque.
Six figure donation to Coventry's charity of the year
Coventry Building Society is delighted to announce that it has hit its target donation to its first ever ‘Charity of the Year', Royal National Institute of Blind People (RNIB).
Rate cut may buck the trend and help sterling
Today, as Sterling hits an all time low against the Euro, the Bank of England has announced a 0.25% cut in interest rates to 5%.
FSCS initial "net" levy contributions to decrease by £2.4m
The Financial Services Compensation Scheme (FSCS) has set its levy for 2008/09 at £131.7m. The industry will pay an initial net levy of £28.3m in new money for 2008/09 to fund the Scheme.
Legal & General: base rate cut
Ben Thompson, Director of Mortgages at Legal & General said: "Despite today's cut, the impact on borrowers will be minimal.
Abbey: Bank of England base rate decision
Barry Naisbitt, Chief Economist at Abbey, comments on Bank of England base rate decision: "The Monetary Policy Committee (MPC) today reacted to the evidence of slowing economic growth by announcing a cut in Bank Rate, from 5.25% to 5.00%.