Mortgages

Inflation jumps to 2.7% in May

Petrol prices are expected to cause a small rise in inflation

Inflation is expected to rise to 2.6 per cent in May as higher oil prices put upward pressure on the consumer prices index.

Yorkshire BS launch 10-year fixed rate mortgage at 3.89%

Yorkshire BS has launched a 10-year fixed rate mortgage at 3.89%

The Yorkshire Building Society has unveiled a 10-year fixed rate mortgage deal for borrowers with a 25 per cent deposit at just 3.89 per cent.

Paul Tucker to quit as deputy governor of the Bank of England

Paul Tucker is to leave his role as deputy governor of the Bank of England

Paul Tucker, the deputy governor of the Bank of England has announced that he is to quit his role after 33 years working for the central bank.

Hester pushed out as RBS boss ahead of public share offering

Stephen Hester, the man flown in to save RBS after it required a £45bn bailout has been forced out of his post as the government tries to get the bank ready for re-privatisation.

CML: First-time buyer activity up 11% on 2012

First-time buyer mortgages increased by 11 per cent so far in 2013

The Council of Mortgage Lenders reports that first-time buyer mortgages have risen by 11 per cent in the first four months of 2013, compared to the same period in 2012.

Payments Council launch new current account switching guarantee

The Payments Council has launched a new current account switching guarantee

The Payments Council has launched a new current account switching service guarantee that will reduce the switching time to seven working days and guarantee refunds on errors for 13 months.

RICS: 'Green shoots beginning to sprout' in property market

RICS reports house sales are at a 3-year high

The latest report from the Royal Institute of Chartered Surveyors reports that house sales are at a 3-year high and both current and forward looking indicators at a 3-year high.

Policy Exchange recommends £34bn RBS & Lloyds share giveaway

Lloyds shares could be given away by the government by 2015

The Policy Exchange has recommended that the government give away part of its stake in the two bailed-out banks Lloyds and RBS.

N&P cut fixed rate mortgage deals

The N&P have cut rates on their fixed rate mortgage deals

The Norwich & Peterborough Building Societies have reduced mortgage rates across their range of residential mortgages by up to 0.30 per cent.

Vodafone use tax breaks to pay no UK corporation tax

Vodafone has paid no UK tax for the second year running

Mobile phone giant Vodafone has paid no corporation tax for the second year in a row. It says its investment and interest payments wiped out any tax due on £5bn turnover.

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