Choosing the right mortgage
March 25, 2008
A mortgage is a specialist loan for those looking to purchase a property, and there are many different mortgage products available these days.
Pressure mounting on Bank of England to cut interest rates
March 21, 2008
The Bank of England is feeling the pressure to cut interest rates due to the steep drop in mortgage lending.
Potential buyers are thin on the ground due to ever increasing in fuel bills and mortgage rates, and are naturally more hesitant when looking to move home.
The industry blame the global credit crunch for the latest [...]
Egg boss resigns
March 21, 2008
Over recent weeks the Internet financial giant Egg has been at the centre of controversy for cancelling the credit card accounts of over 160,000 customers – a move that was met with outrage from affected customers and other officials.
Labour MP Nigel Griffiths recently arranged a meeting with Ian Kerr, the chief executive of Egg, in [...]
Finances For Students – The Options
March 21, 2008
When you add up the cost of tuition, books and housing for students attending college or university, you realize that students do not have a lot of money for groceries, clothing, entertainment and transportation. Therefore, they are in need of finances when they are in college.
Interest-only mortgage risk to buyers
March 20, 2008
The figure for the number of first time buyers who take out interest-only mortgages and do not declare how they mean to repay them has more than doubled in the last 5years.
The interest-only mortgage has been popular since by just repaying the interest, borrowers can keep their monthly payments lower and more manageable. The downside [...]
An increased number of Brits are now turning to Consolidation as a means of Debt Relief
March 20, 2008
As a nation struggling to manage our finances, it is estimated that approximately 6.5million of us here in the UK are turning to the idea of consolidating our debts.
Figures from MoneyExpert.com show that over the last 3 years some 14% of Brits have taken the opportunity to consolidate their debts as a way to [...]
Housing developer calls for further interest rate cuts
March 20, 2008
A senior official from a major housing development company has stated that further interest rate cuts are required to help support the market, adding that house prices are likely to remain flat for the next year and a half.
The Chief Executive of Barratt Developments said that the next eighteen months in the housing sector could [...]
Credit problem customers could pay a fortune on their mortgage interest rate
March 20, 2008
A recent report has highlighted how homeowners that have entered into an Individual Voluntary Arrangement could end up paying a fortune on their mortgage interest rate due to a clause in the IVA agreement that requires them to use the equity in their homes to repay some of the debt in the final year of [...]
The benefits of debt consolidation loans
March 20, 2008
Over recent years an increasing number of people have started to deal with their debts through a process known as consolidation. With debt consolidation you are able to enjoy a number of benefits, and the idea behind this debt management solution is to ease financial management and reduce outgoings.
Credit card firms lowering thousands of customers borrowing limits
March 19, 2008
Credit card firms are curbing customers’ spending by cuting their credit limits. MBNA and Capital One in particular are being branded “aggressive” in their actions to lower credit limits and they are increasingly rejecting people applying for their cards as predicted within the industry as we have seen more stringent criteria being introduced of late [...]
