Articles in Banking and Insurance

Skipton Building Society’s decision to raise its mortgage lending rate is a sign of how badly hit some financial mutuals are in the current, continuing, crisis. Skipton has just increased its Standard Variable Rate (SVR) from 3.5 to 4.95 per cent.

The Association of British Credit Unions has announced a big increase in the number of people using credit unions to save safely for Christmas following the collapse of the Farepak organisation three years ago, when more than 150,000 customers lost money.