Increase in people making overpayments
February 24, 2009
A number of banks have reported that there has been an increase in the number of homeowners that are overpaying on their mortgage loan each month, as many have decided to take advantage of the huge drop in the base interest rate and use the additional money to overpay on their mortgage.
Borrowers will find that [...]
Housing association rescue scheme launched
February 23, 2009
A mortgage rescue scheme involving housing associations has recently been launched in the UK by the government. The scheme is aimed at trying to help homeowners to avoid repossession, and will involve housing associations buying up properties from homeowners that are struggling and then offering a number of options, including allowing the homeowners to stay [...]
Government help for struggling homeowners
February 23, 2009
Homeowners with properties up to the value of £400,000 who are struggling with their mortgages could receive help from the government, according to a recent report. The aim of the scheme is to try and reduce the soaring number of repossessions by helping those that are in danger of falling behind with repayments on their [...]
Cash-Back Comparison Website – Get The Most For Your Mobile Phone!
February 20, 2009
We have just launched Cell Zone (www.cellzone.co.uk) a new cash-back comparison website for recycling mobile phones.
The website:
• Collects current cash-back information from 10 leading online mobile phone recyclers;
• Compares the recyclers, instantly displays offers ranked from best to worst;
• Links to the relevant page of the recycler’s website, where the transaction can be quickly completed [...]
Consumers could benefit from overpaying mortgage
February 20, 2009
Industry officials have recently been highlighting the ways in which consumers that own their homes could benefit from overpaying on their mortgage, and reports have shown that this is a trend that is becoming increasingly popular amongst homeowners that want to reduce their mortgage debt and term.
An increasing number of people have been overpaying [...]
Banks get more time to deal with complaints
February 20, 2009
Banks in the UK have been given more time to respond to complaints relating to excessive overdraft charges, according to a recent report. The UK’s financial regulator, the Financial Services Authority, has given banks an additional six months to defer any decisions on customer complaints relating to this issue.
Normally the FSA required banks to respond [...]
Taxpayers fund Northern Rock bonus
February 19, 2009
It was recently revealed that taxpayers have had to stump up for bonuses that have been paid to employees of Northern Rock, which was nationalised last year following the crisis that led to it becoming a major victim of the global credit crunch. Employees received a bonus of 10 percent, according to recent reports, and [...]
Why You Should Review Your Finances on a Regular Basis
February 18, 2009
You take stock of just about everything in your life and review it carefully, such as your health and your home. The same thing applies to your personal finances. You do need to review them carefully on a regular basis to make sure that you are in good financial health.
The costs of normal household expenses [...]
Sharp increase in unemployment levels at end of last year
February 18, 2009
Recently released figures have shown that in the latter part of 2008 unemployment levels soared to close to two million, following a spate of job losses that came about as a result of the financial crisis and the recession. Between September and November unemployment figures are said to have increased by 131,000, taking the total [...]
Some banks stop selling single premium PPI
February 18, 2009
Earlier this month campaigners in the fight against the PPI rip off enjoyed some level of victory, after a number of major banks decided that they would no longer sell the controversial single premium Payment Protection Insurance cover with their unsecured loans. Five banks have decided to stop selling this cover, and these are the [...]
