Blog Category: News
Desperate first time buyers are taking out 40 year mortgages to get their first foot on the property ladder.
Surging house prices mean that thousands of people are finding that the only way they can afford to buy their first home is to take out their loan over a longer period than the traditional 25 years.Read More
Jes Stayley (left) takes over from Antony Jenkins (right) as Barclays chief executive
American banker Jes Stayley is the man chosen by Barclays Bank to lead it out of an era of PPI mis-selling and exchange rate fixing scandals.
James ‘Jes’ Stayley has been appointed chief executive to replace Antony Jenkins who was fired by the Barclays board in July after he fell out with them over plans for cost cutting and profitability.Read More
More than 250,000 people are queueing up to buy £2 billion worth of Lloyds shares when they go on sale next spring.
Revealing the figure, Chancellor George Osborne said: “More than a quarter of a million people have so far registered to take part in the issue – that is five times the number who registered for the Royal Mail issue.”Read More
Teacher John Walbran first came to Gladstone Brookes in 2011 and had a successful claim for PPI mis-sold on a Bank Of Scotland loan.
He was pleased with the £7,436.54± compensation he got back and thought that was the end of matters – but he was wrong.Read More
Prime Minister David Cameron has promised to tackle Britain’s affordable housing shortage by building 200,000 new ‘starter homes’ by 2020.
In his closing speech to the Tory party conference he said he wanted to transform ‘generation rent’ into ‘generation buy’.Read More
Businessman Alex Johnson had been intending to make a claim for mis-sold PPI, but just never found the time to get around to putting the paperwork in.
“I was just too busy, even though I knew I had paid PPI in the past, especially on some loans because the suggestion was I needed to take insurance out when I signed up for them,” he said.Read More
Britain’s financial regulators have issued new rules on whistleblowing, ordering every regulated financial firm to appoint a senior manager as a whistleblower’s champion.
The Financial Conduct Authority (FCA) and the Bank Of England’s Prudential Regulation Authority (PRA) have published the new rules which will come into effect in September next year.Read More
Lynsey Jenkins (second left) hands over the cheque to volunteer Julie Pickett, apprentice Reba Russell, trustee Janet Thornton and Lexi the Jack Russell (centre)
Our Charity Of The Month for September is Warrington Animal Welfare (WAW) and when we went along to present the cheque for £717 to them they picked an added bonus – a new volunteer worker.
WAW was nominated by Lynsey Jenkins who went to the charity’s centre to hand over the cheque on our behalf and was shown round the facility by trustee Janet Thornton. By the end of the tour Lynsey was so impressed with the work the charity does that she signed up on the spot to be a volunteer weekend worker.Read More
There has been a dramatic rise in the number of £1 million mortgages, fuelled by soaring house prices and low interest rates.
The number of £1 million mortgages has risen by 20% in the last year and 1 in14 borrowers now has a mortgage of over £½ million.Read More
Plans to offer at least £2 billion worth of Lloyds shares to the public have been announced by the government.
Investors will be offered the shares at a 5% discount on the market price at the time of sale and small investors wanting to buy less than £1,000 worth of shares will be given priority.Read More