We all know how much we panic when we hit the wrong button on the computer, it does not however usually result in messing up the finances of millions.
This is what happened just recently when technicians at Natwest tried to update the banks software and it then failed, so did attempts to go back to its original version, therefore causing a huge volume of transactions to not be completed. Read more
The banking group Lloyds TSB has taken a move to offer one of its headline mortgage rates to home movers as well as first time buyers.
Lloyds TSB ‘Lend a Hand’ mortgage was launched to help first time buyers onto the market. The Lend a Hand mortgages allows borrowers to take out a mortgage with just a 5% deposit. Other lenders offering similar deals are offering their products at a much higher interest rate. Lloyds TSB offers the mortgage at a very competitive rate of 4.79% with a loan to value (LTV) ratio of 95%. Read more