Mortgage mix ups results in Ombudsman complaints

According to recent reports the Financial Ombudsman Service has been receiving a rising number of complaints with regards to mortgage bill mix ups, with many consumers complaining that they have been left with a hefty bill to pay after they thought that they had cleared their balance.
The reason behind this problem is because the consumers’ [...]

Homeowners could face years of negative equity

A warning has been issued by a housing group that some homeowners in the UK could be facing several more years of negative equity. According to the National Housing Federation homeowners that purchased their homes at the peak of the property market could still be facing around four more years of being in negative equity.
Negative [...]

Some areas to be hit hard by job cuts

A leading think tank has predicted that some parts of England and Wales are going to be hit hard by job cuts over the next few years. If this is the case then problems such as debt and repossession could become rife in the affected areas, with those losing their jobs no longer able to [...]

Many Brits now own second homes

Recently released figures have shown that a rising number of people in England now own a second home, with the number of people in England that own a second home having soared to record levels despite a shaky property and mortgage market.
The figures show that nearly a quarter of a million people in England now [...]

Sustained recovery of UK banks still uncertain

A recent report has claimed that whilst the banking and financial industries have seen some level of recovery since the end of the recession there is still a long way to go. In fact, industry experts have said that the sustained recovery of the UK’s banking industry is far from certain.
Ratings agency Standard & Poor’s [...]

Increase in interest free period from Barclaycard

Many people these days are looking for deals on credit cards that will help them to save money on their borrowing, and one of the deals that people have been taking up is the interest free balance transfer credit cards. With these interest free balance transfer credit cards users are able to save money on [...]

Only 1000 mortgages a day being approved by banks

Over the past couple of years, with the credit crisis taking its toll on the UK’s financial sector, many banks have had to be bailed out with the use of taxpayer’s money. However, despite being bailed out via the public purse, and amidst calls for banks to lend more money, the total number of mortgages [...]

£99 mortgage fee withdrawn by Northern Rock

Northern Rock, one of the first major UK victims of the global credit crunch a few years ago, recently announced that it was launching a £99 mortgage fee in order to attract more business. The troubled bank, which was nationalised following the problems it experienced, became the first victim of a run on a British [...]

Figures show year on year increase in mortgage lending

According to recent figures released by High Street banks in the UK the mortgage market has seen net annual growth year and year, with an increase of 4.1 percent. The figures, which were compiled from banks’ data, have been put together by the British Bankers’ Association, and have indicated that annual growth when it comes [...]

Fall in asking prices blamed on holidays

According to a recent report there has been a fall in asking prices in the UK, and this has been blamed on the holidays, and the fact that sellers now have even fewer people that may express an interest in their properties because many are away on their holidays. A survey was carried out by [...]

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