Housing prices in the UK are on an ongoing decline, confirmed figures published by financial service provider Halifax. According to the release, the average cost of a home dropped 1.4% during the last month, and 3.7% quarter-on-quarter compared with 2010, to stand at GB£ 160,395.

Halifax is all ready to pay mortgage borrowers a total sum of five hundred million pounds in compensation after the company failed to inform six hundred thousand customers that it was increasing the limit on its standard variable rate (SVR), which is the rate for borrowers who are not on a special offer. It expects to make payments to around three hundred thousand of these people.

Halifax Home Insurance has informed that there has been a huge black market of expensive baby buggies. The worth of the black market has been estimated to be around 60 million pounds which is huge.

Fixed rate mortgage supplier Halifax has announced that the affordability of property in Britain has enhanced in last few months.

According to the financial provider, 94 per cent of first-time buyers in the UK were not required to pay stamp duty between January and June 2010.

A new credit card has been introduced by Halifax, which has a feature of low rates on purchases and cash. It is expected to fascinate a number of consumers.

The Halifax Clarity credit card has a flat rate of 12.9 per cent APR and does not add a fee for carrying out cash withdrawals, foreign transactions or balance transfers.