P541 Teletext 549 Oct 2 21:00:00      NEWS  ————————————————  ———————  NATIONWIDE PLEDGE ON RATES Britain's biggest building society, the Nationwide, is promising to cut its standard variable mortgage rate by at least 0.25% — if base rates are cut. The Bank of England's monetary policy committee meets next week to consider the cost of borrowing. The promise to cut its variable rate from its current 8.50% level is part of an improved mortgage range from the Swindon-based society. ——————————————————————————————————1/10— WIN a video recorder 465 ANY PURPOSE LOANS - SEE PAGE 627 OR CALL WILMSLOW FREE ON 0800 269315 Your Money Advice Property City
P541 Teletext 541 Oct 2 21:00:10      NEWS  ————————————————  ———————  NATIONWIDE PLEDGE ON RATES Nationwide chief executive Brian Davis emphasises that the future looks brighter for mortgage borrowers. "It now appears that the trend in rising interest rates is about to turn and this has to be good news for those borrowers who have seen repayments rise over the past two years," he says. "We are the first to confirm that anx cut in base rates will be followed by a cut in our standard mortgage rate." ——————————————————————————————————2/10— Tourist Rates 548 Savings 546 WHAT'S ON AT YOUR LOCAL CINEMA? p460 Your Money Advice Property City
P541 Teletext 549 Oct 2 21:01:04      NEWS  ————————————————  ———————  HOUSE PRICES ON THE RISE AGAIN? The housing market is regaining some momentum, according to Halifax's September house price survey. House prices in September rose 0.3%, reversing a fall of 0.1% in August, the converted bank's seasonally adjusted house price index revealed. That converts to an annual 5.4% rise but contrasts with Nationwide figures on Wednesday, which said prices have fallen for the past two months. ——————————————————————————————————3/10— Mortgages 545 Savings 546 DON'T SURRENDER YOUR ENDOWMENT POLICY SELL TO S.E.C. SEE p626 Your Money Advice Property City
P541 Teletext 549 Oct 2 21:01:31      NEWS  ————————————————  ———————  NEW MORTGAGE RANGE FROM NEWCASTLE Newcastle Building Society has brought out a new selection of home loans: Three-year fixed rate at 5.94% with £250 cashback. Five-year fixed rate at 7.5% with 4% cashback up to a maximum of £13,500. Two capped mortgages — 6.49% or 7.1%. All home loans need a £50 application fee and £245 completion fee. ——————————————————————————————————4/10— Advice Clinic 543 Borrowing 547 SWITCH TO p628 AND YOU COULD SAVE ON YOUR MORTGAGE Your Money Advice Property City
P541 Teletext 549 Oct 2 21:05:00      NEWS  ————————————————  ———————  MORTGAGE LENDING SLOWS Further evidence of a slowdown in the housing market comes from new figures showing a fall in mortgage lending. Banks and building societies lent a total of £7.5bn in August on a seasonally adjusted basis, down from £7.9bn in July, according to the Bank of England. The Council of Mortgage Lenders says the cooling housing market would benefit from a cut in interest rates. ——————————————————————————————————5/10— Borrowing Money 547 Tourist Rates 548 BUSINESS BRIEFING ON OUR WEB SITE GO TO: www.teletext.co.uk Your Money Advice Property City
P541 Teletext 549 Oct 2 21:00:00      NEWS  ————————————————  ———————  RECESSION FEARS 'UNJUSTIFIED' Unemployment is set to rise and output slow as the UK economy faces difficult challenges over the coming 12 to 18 months, according to a new report. But current pessimism about a major recession is potentially b—lbging and unjustified, says NatWest Group's chief economist David Kern. He believes unemployment will climb by 220,000 by early 2000 and base rates fall by 0.25% by Christmas. ——————————————————————————————————6/10— Mortgages 545 Savings 546 TELETEXT ON-LINE INDEX p650 Your Money Advice Property City
P541 Teletext 549 Oct 2 21:00:00      NEWS  ————————————————  ———————  YOUR ESSENTIAL NEW WEEKEND MONEY GUIDE We've already improved F—lhly Finance. Now look out for a new section devoted to helping you m—ke more of your money. Weekend Money-Go-Round will be launched on page 520 tomorrow, packed with in-depth information and analysis. Look out for our essential guide to the finance week ahead, and pages devoted to football shares and holidax finance. It's not to be missed... ——————————————————————————————————7/10— Full Weekend Money-Go-Round line-up >>> CITY NEWS p500 Your Money Advice Property City
P541 Teletext 549 Oct 2 21:01:00      NEWS  ————————————————  ———————  YOUR ESSENTIAL NEW WEEKEND MONEY GUIDE Weekend Money-Go-Round features: 520 Index A concise guide to the new money section. 521 Briefing What's coming up next week. Be informed! 522 Take Stock A review of the week's market movements. 523 How To... The mysteries of City and finance explained. 524 Tip Top Tax Stop the taxman taking more than he's due. ——————————————————————————————————8/10— The Weekend Money-Go-Round line-up >>> finance@teletext.co.uk Your Money Advice Property City
P541 Teletext 549 Oct 2 21:01:01      NEWS  ————————————————  ———————  YOUR ESSENTIAL NEW 'BEKEND MONEY GUIDE Weekend Money-Go-Round features: 525 Analysis What world events mean closer to home. 526 Savings Invest your time in our guide to investments. 527 Your Team Sports shares — is your team top of our league? 528 Check-In Holiday finance deals under scrutiny. 529 Press File Snapshot of big stories in the finance press. ——————————————————————————————————9/10— Weekend Money-Go-Round coming soon >>> CITY NEWS p500 Your Money Advice Property City
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