Monthly Archives: March 2012

Home insurance Gutted by fire

Almost two million people in the UK have no home insurance.

Contrary to what many householders believe, it means even if damage is caused by someone else, they could lose everything.

The BBC’s Paul Lewis from Radio 4’s Money Box reports on the loss suffered by villager Violet Grainger, when her neighbour’s chimney caught fire.

www.bbc.co.uk/news/business-17412996

Clydesdale and Yorkshire Banks have announced that they are to increase their Standard Variable Rate for their residential mortgage customers.

With effect from May 1 2012, the banks’ SVR will move from 4.59% to 4.95% – the change will affect 30,000 of its existing mortgage customers. If your one of these and would like to see if there is a more competitive product available, then give us a call on 01489 580020

The change will mean an average increase in repayments of less than £30 per month, but at this current time £30 per month is a lot of money.
Until July 31 2012, there standard mortgage exit administration fees will be waived for impacted customers wishing to re-mortgage to another provider.

For a free no obligation review, email us at info@parkgate.net or call us on 01489 580020

The Bank of Ireland has increased its Standard Variable Rate from 2.99% to 4.49%.

Bank of Ireland customers have been notified of its intention to increase the SVR on its UK residential mortgage book. The hike in SVR will affect around 100,000 borrowers. The change will be implemented in two stages.

From June 2012 the SVR will increase by 1% from 2.99% to 3.99%.
This will be followed by a further 0.5% increase in September 2012 from 3.99% to 4.49%.

This is the first SVR increase the Bank of Ireland has made to its UK residential mortgage book since August 2007.

If you hold a Bank of Ireland mortgage and are worried about what impact this could have on your mortgage, why not give us a call and see if we can save you money by remortgaging to another lender offering more competitive rates?

Call 01489 580020, enquire NOW or email us at info@parkgate.net

The BOE monetary policy committee (MPC) have today decided to keep base rate at 0.5 per cent for the 36th month running and advised that there will be no increase in the size of quantitative easing, which currently stands at £325bn.

All nine MPC members voted to keep base rate at 0.5 per cent last month.