The number of mortgages approved for home buyers dived by 17% during January as the housing market suffered a steep fall in activity, figures show today.
Skipton Building Society is facing a legal challenge and growing anger over its decision to hike its standard mortgage rate by a whopping 1.45 percentage points next month.
Taxpayer-owned Northern Rock has confirmed it is likely to drop its 100% savings guarantee, possibly making that announcement within the next few weeks.
"Brand new customers only" was once the comical slogan used to mock banks and building societies that hiked existing customer charges while lowering those for newbies.