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Australia is seeing increasingly more over sea investors every year, and ranked number 1 for surviving the economic collapse, Australia is by far one of the best countries in which to reside. The cost of living is relatively low and along with the warm climate, Australia see’s more and more foreigners investing in both property and businesses every year.

The Australian Government rule that only permanent residents can buy property, nevertheless over sea buyers can buy quite freely when they have received permission from the Foreign Investment Review Board (FIRB). This is a fairly simple course of action but can take up to 6 8 weeks.

Buying costs are roughly 5% of the selling price. This consists of mortgage application charges (if applicable), stamp duty, attorneys fees and other taxes. E

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Some five million Halifax credit card customers face eye-watering hikes in repayments if the Bank of England base rate rises or they miss repayments on borrowing with any other part of the bank.

Halifax, part of giant Lloyds Banking Group, is to give customers a personal interest rate which could be up to five percentage points more than they currently pay.

And this rate will move up and down, like a tracker mortgage, with the Bank of England base rate.

But a customers rate could also increase if they miss a repayment on a credit card, loan or mortgage with any other part of Lloyds Banking Group.

This could mean borrowers who miss a repayment on a personal loan with Black Horse, dip into their Lloyds TSB overdraft or are late paying their Cheltenham Gloucester mortgage could be penalised on their Halifax credit card.

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Tags: Base Rate, Credit Card, Halifax Credit Card, Rate

After intense lobbying by the credit card industry, a bipartisan bill, the Debit Interchange Fee Study Act (S. 575), was introduced in the Senate that will delay reform on swipe fee laws that were set to go into effect on July 21, 2011 as a part of the Financial Reform Act. The postponement will delay the Durbin Amendment to the ‘Dodd-Frank Wall Street Reform and Consumer Protection Act’, and allow time for the U.S. Treasury to conduct a study on the impact to banks before enacting any limits on debit card swipe fees.

The bill is designed to cap interchange fees, also known as swipe fees, that banks can charge to merchants for processing debit cards. It would limit the fee to 12 cents, a major reduction from the average of 44 cents per debit card transaction. The new

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Tags: Card, Card Swipefee