Around 34,000 mortgage borrowers are to share out £8.4 million in refunds after Yorkshire Building Society admitted wrongly charging customers who had fallen behind with repayments.
Competition to attract mortgage customers has stepped up, as HSBC today launches a five-year fixed-rate deal with a record low rate amid a time of rising rates and economic uncertainty.
Yorkshire and Chelsea building societies have today unveiled a deal to join forces to create a "second major force" in the mutual sector behind Nationwide.
UK building societies have insisted they are still a safe haven for savers, despite a raft of major mutuals having their financial strength called into question this week.
17 April 2009
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