Latest News
AA Launches New Savings Deal Paying Up to 3% AER
Last week, the AA has announced the launch of a new, easy access savings account that pays up to 3%.The new account, AA Telephone Easy Access Account, is offered for Brits wishing to safely invest their money, on the following terms:2.6% AER paid on balances of 1-9,999 pounds + 2.1% bonus in the first year3% AER on balances of 10,000-1,000,000... Read more
New iPhone App for Investors Launched by FlexiTechSolutions
Yesterday, on May 17th FlexiTechSolutions announced the launch of a new web and mobile application for investors who wish to manage their wealth themselves.The FlexiShareTrade application is compatible with iPhone and web, allowing investors to keep track of data from major stocks, like LSE, NYSE, NASDAQ and AMEX.The application also features... Read more
Nationwide Group Launches New Product to Encourage Regular Savings
Last week, on April 5th Cheshire and Derbyshire Building Societies that are part of the Nationwide group, announced the launch of Platinum Monthly Saver.This is a new savings account designed to encourage Brits to make regular deposits. The savings account pays as much as 5% AER provided that savers follow 2 simple rules:- make monthly deposits of... Read more
BP and Partners to Invest 10 Billion in UK Oil and Gas
Oil and gas companies recently announced they plan to invest over 10 billion pounds in oil and gas found in Great Britain.A leading UK oil company, British Petroleum, and its partners, namely, Shell, ConocoPhillips и Chevron recently said they will invest over 10 billion pounds in development projects in UK.The projects are linked to development... Read more
UK Property Prices Rise by 2.8% in October
UK property prices rose by 2.8% this month, but the situation on the market is not as good as it seems to be.The latest overview of the British property market performed by UK estate agency revealed that house prices in the country rose in October as compared to September.This month, an average property in Great Britain was priced 2.8% higher than... Read more
Property Investors Buy New-builds in London
Investors are now buying not only historic buildings in London, but also newly built properties, which have not been in demand since 2007.According to the property development company, Barratt Developments, many property investors have started to demonstrate their interest in new-builds as rent rates in London skyrocketed, and lenders started to... Read more
UK Education Is No Longer a Good Investment
A recent survey carried out by a charity Edge revealed that over 30% of middle class families believe that higher education in Great Britain is no longer a good investment option.As such, parents are determined that the cost of education is too and that the knowledge students get is not worth it. Parents truly believe that a degree no longer... Read more
UK House Price Indices System Should Be Reviewed
The latest house prices indices showed that the current system is confusing for both, buyers and sellers.Let us remind that the property prices indices for February 2011 published by Nationwide and Halifax differed by 1.2%.Commenting on the significant gap between the figures, Mr. Boulger of John Charcol, well-known mortgage broker in UK, said... Read more
UK House Prices Fall by 0.2% in February – Hometrack
The latest report published by Hometrack on Thursday, March 3rd, suggests that UK house prices fell in February.This marked the 8th consecutive month of house price falls. Interestingly enough, February was the first month in the past 3 quarters when demand from buyers increased.The month-on-month decrease in UK house prices amounted to 0.2%, down... Read more
Investors Demonstrate Interest in London Property
A recent statement by Berkeley Group, one of the largest housebuilders in Great Britain, suggests that interest of investors in London property has almost reached its pre-recession levels.As such, international property investors plan to inject more than £5 billion in London residential property this year. Over £1 billion has already... Read more