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Mortgage Lending Slow in Early 2015 | Financial Reform
http://www.financialreform.co.uk/banks-and-lenders/mortgage-lending-slow-in-early-2015
Mortgage Lending Slow in Early 2015. According to trade body the Council of Mortgage Lenders (CML), mortgage lending has been slow through the first quarter of the year. The CML described the sector as suffering from a “sluggish start” to 2015, but says that things have picked up over the last few weeks. This could be partly down to the introduction of stricter affordability checks. Mark Hayward, NAEA managing director, said: “A drop in the number of buyers is the direct result of a slow-down in ac...
financialreform.co.uk
“Deceptive” PayPal to Pay Over £16 Million Compensation | Financial Reform
http://www.financialreform.co.uk/banks-and-lenders/deceptive-paypal-to-pay-over-16-million-compensation
8220;Deceptive” PayPal to Pay Over 16 Million Compensation. Prominent online payment system PayPal has agreed to pay compensation to customers worth a total of US$25 million ( 16.1 million). The payment processing giant has received these penalties in the US for deception of customers. PayPal, which has long been owned by eBay but recently became a separate company. The scheme in question is called PayPal Credit. It is a method of deferred payment, allowing people to pay for things within their available...
financialreform.co.uk
UK Economy | Financial Reform
http://www.financialreform.co.uk/category/uk-economy
Category Archives: UK Economy. UK Credit Ratings Downgraded. The UK has seen a downgrade in its credit ratings in the wake of the Brexit vote. Ratings agencies took the decision to downgrade the UK’s ranking as a borrower following the public’s vote in favour of leaving the EU and the resultant economic turmoil. In explanation for this move, Moody’s talked of a prolonged period of uncertainty that was likely to follow the vote in favour of a Brexit, and said that the result of the referendum was li...
financialreform.co.uk
SSE Becomes Fifth “Big Six” Company to Cut Gas Prices | Financial Reform
http://www.financialreform.co.uk/personal-finance/sse-becomes-fifth-big-six-company-to-cut-gas-prices
SSE Becomes Fifth “Big Six” Company to Cut Gas Prices. SSE has now become the fifth of the “big six” energy suppliers to cut the price of domestic gas supply. This follows similar price cuts by British Gas, E.On, Scottish Power and Npower. EDF is now the only one of the “big six” to have not cut domestic gas prices, though this may just mean they will be the last company to announce price changes. The price of wholesale gas has also dropped significantly over the last few months. Which fail to meaningful...
financialreform.co.uk
Mortgages | Financial Reform
http://www.financialreform.co.uk/category/banks-and-lenders/mortgages-banks-and-lenders
Mortgage Lending Slow in Early 2015. According to trade body the Council of Mortgage Lenders (CML), mortgage lending has been slow through the first quarter of the year. The CML described the sector as suffering from a “sluggish start” to 2015, but says that things have picked up over the last few weeks. This could be partly down to the introduction of stricter affordability checks. Mark Hayward, NAEA managing director, said: “A drop in the number of buyers is the direct result of a slow-down in ac...
financialreform.co.uk
Credit Cards | Financial Reform
http://www.financialreform.co.uk/category/banks-and-lenders/credit-cards
Category Archives: Credit Cards. How to Choose the Right Credit Card. Credit cards are found everywhere nowadays and it has never been easier to fill in an application and have one delivered to your door within a few days. Even individuals with a poor credit profile can often get small amounts of credit thanks to companies that cater specifically for people looking to improve their credit score. If you’ve decided to get a credit card. How will you Use the Card? What is the Grace Period? The grace period ...
financialreform.co.uk
Renting Out a Property? The Financial Considerations | Financial Reform
http://www.financialreform.co.uk/house-prices/renting-out-a-property-the-financial-considerations
Renting Out a Property? Although buy-to-let isn’t quite the hot property it was prior to the recent economic recession, there is still much interest in it. Indeed, with ever still property price rises combined with low interest rates on standard savings in the bank, many who have money to invest still see investment in property as the only way to go. The foremost calculation in determining the profitability of a rental investment is calculating its rental yield. Property Repair and Maintenance. There is ...
financialreform.co.uk
Slowdown Hits UK Housing Market | Financial Reform
http://www.financialreform.co.uk/house-prices/slowdown-hits-uk-housing-market
Slowdown Hits UK Housing Market. Recent months have been a period of slowdown for the UK housing market. And this has been further illustrated by the latest mortgage lending figures. According to newly-released data from the Band of England, August saw the number of mortgage approvals drop by almost 1900. The release of the Bank of England’s figures is also timely in coming shortly before new mortgage lending. Restrictions are due to take effect. Designed to cool off lending in the mortgage market, b...
financialreform.co.uk
UK-UAE Economic Overview | Financial Reform
http://www.financialreform.co.uk/uk-economy/uk-uae-economic-overview
Both the United Kingdom and the UAE are considered leading economic powers in the global scene. According to the most recent World Economic Forum’s annual Global Competitiveness Index report. Future opportunities for collaboration. What does all this mean to you? There are multiple opportunities for growth and development arising from the close economic ties between the UK and the UAE. A Master in Accounting and Finance can improve your future prospects and help you successfully navigate the current ...
financialreform.co.uk
Banking Reform | Financial Reform
http://www.financialreform.co.uk/category/banking-reform-2
Category Archives: Banking Reform. Bank of England Decides to Keep Interest Rates in Place. The Bank of England has voted to keep interest rates at their current low levels. For the time being. Only two members voted in favour of increasing the rate to 0.75%, with seven voting in favour of keeping rates at just 0.5%. According to the minutes: “For most members, the outlook for inflation in the medium term justified maintaining the current stance of monetary policy.”. The Bank’s nine members voted u...