All Entries Tagged With: "Halifax"
Bank charges explained by Halifax
A court ruling to curb bank charges is expected any day soon. Several banks have pre-empted the ruling by changing their charges, and Halifax (AMEX:HX) are the latest to attract criticism this week.
Promising news for first time buyers in 2009
First time buyers are faced with a brighter future in 2009, according to the Halifax First-time buyer affordability review.
With the house price to earnings ratio improving dramatically in the last 18 months, giving first time buyers the chance to take advantage of the low house
Nationwide and Halifax will not forecast house prices
Halifax part of the HBOS group (LON:HBOS) that are merging with Lloyds TSB (LON:LLOY) and Nationwide Britain’s largest building society have announced that they will not be forecasting the UK property prices, this outlines how difficult it is for predictions to be made at the moment.
Both Nationwide and Halifax usually publish annual house price forecast [...]
Bank of Scotland & Halifax brand to stay after merger
HBOS (LON:HBOS) group Halifax and Bank of Scotland will keep their brand names after the merger with Lloyds TSB (LON:LLOY) has gone ahead the bank announced.
Bank of Scotland will primarily be the brand used in Scotland, whilst Halifax will run along with Lloyds TSB brand in England and Wales. The new Lloyds Banking Group will [...]
Nationwide waivers collar clause and cuts SVR to 4 percent
Nationwide Building Society said last night it would cut its Standard Variable Rate SVR by 0.67 and waive the collar clause in its existing tracker mortgage rates. Nationwide have vowed that they will pass any future cuts on in full. This now put Nationwide’s Standard Variable Rate SVR at 4 percent.
By Nationwide ignoring the collar [...]
Halifax only cuts its SVR by 0.25 percent
Halifax, which is part of HBOS and Britain’s biggest lender, announced that it will only be passing 0.25 percent of the 1 percent Bank of England Base Rate cut onto it customers that are on variable rate deals.
Halifax Standard Variable Rate (SVR) will reduce to 4.75 percent after the 0.25 percent cut from January 1. [...]
FSA warns Nationwide & Halifax to ignore collar clause
The Financial Services Authority have warned banks and building societies such as Halifax which is part of HBOS and Nationwide that if they use their small print in the terms of their tracker mortgage contracts to avoid passing on this week’s inevitable rate cut they will find themselves in hot water.
Halifax has an option not [...]
Halifax launch new Tracker rate 5.14 percent
Halifax owned by HBOS has joined several other banks in increasing their margins on their Tracker mortgage products which has caused concerns with consumer groups and the government. Halifax pulled all its Tracker deals just before the surprise 1.5 percent interest rate cut by the Bank of England last Thursday.
Previous to the cut, Halifax pegged [...]
RBS SVR cut to 5.19 percent: Halifax SVR cut to 5 percent
British banks Royal Bank of Scotland (RBS) including subsidiary NatWest joined Halifax who are owned by HBOS and agreed today to pass on the whole 1.5 percent cut onto their Standard Variable Rate (SVR) following the Bank of England’s surprise decision yesterday to cut the base rate by 1.5 percent to 3 percent. RBS new [...]
Halifax delivers shocking news
House price are losing over £900 a week, making the value of property in the UK the same as they were three years ago, shocking data from the Halifax who are the country’s largest lender have reported that the average house price is now £168,176 which is £33,000 less than when it peaked in August [...]
Halifax: savers hit as shares fall 22 percent
Halifax who is owned by the HBOS group, shares took a nosedive on Tuesday of 22 percent, as small investors saw millions being wiped off their savings. The value of HBOS dropped a
Halifax customers threatened by financial crisis
HBOS, which owns Halifax and Bank of Scotland took drastic measures on Tuesday to stave off a flood of customers rushing to withdraw their cash in fear of the crisis that’s
Halifax: House prices fall massively
UK house prices fell by 1.8 percent in August its reported by the Halifax, that’s taking an annual decline to 10.9 percent, this is based on a
HBOS shuts 53 Halifax estate agency branches
Halifax part of the HBOS group lost 53 of their branches today as HBOS cuts back its Halifax Estate Agency chain, unfortunately with this comes at
Stamp Duty speculation could do more harm than good
With all the news on house prices in the UK it’s no surprise that they are still continuing to decrease. Halifax has said that the average house price now is at £177,351 which is a fall of