Financial burden reduced for consumers on cheap fixed rates
March 7, 2008
With interest rates having fallen twice in the last three months, and a number of further cuts expected over the course of the year, experts are stating that the financial burden on those with cheap fixed rate deals that are coming to an end has been somewhat reduced.
Between August 2006 and July 2007 interest rates [...]
Northern Rock causes rows to erupt amongst political parties
February 21, 2008
The Northern Rock situation has resulted in further rows erupting between politicians recently, with verbal attacks on the Prime Minister, Gordon Brown, from the Conservative party leader David Cameron, and verbal attacks on the Conservative party from the Lib Dems.
The government recently announced that the troubled bank may be placed into public ownership – a [...]
Increased powers for FSA
February 15, 2008
The UK’s financial regulator, the Financial Services Authority, is set to get increased powers in a bid to try and avoid another crisis similar to the Northern Rock one taking place.
The additional powers are to be granted by the Chancellor of the Exchequer, Alistair Darling.
As part of the additional powers the Chancellor plans to enable [...]
Lower rate fixed rates may become more accessible
February 15, 2008
According to a recent report some consumers may be able to enjoy easier access to lower rate fixed rate mortgages, with some deals now available with interest rates of below the 5% mark.
Fixed rate deals with interest rates of around 5% or under seemed to have disappeared for a while recently following the series of [...]
PM confirms that Rock still in private sale talks
February 13, 2008
The Prime Minister Gordon Brown recently announced that the ailing bank Northern Rock is still in talks over a private sale, despite talks of possible government intervention by way of passing the bank into public ownership – a move that was opposed by the Conservative Party, which believes that Gordon Brown did not do enough [...]
Switching loan provider mid-term could save you money
February 8, 2008
A recent report has shown that many consumers with unsecured personal loans could actually save money by switching their loan provider mid-way through the loan term.
However, the research also shows that many people fail to do this because they are under the impression that they will have to pay hefty fees or in some cases [...]
Bank of England urged to drop interest rates
February 1, 2008
In December 2007 the Bank of England dropped interest rates for the first time in over two years
Reduced lending to come into force from buy to let lender
January 31, 2008
A specialist buy to let mortgage lender has confirmed that stricter regulations with regards to lending to new customers is due to come into force soon
Borrowers may be paying higher interest rates on loans
January 30, 2008
According to a recent report borrowers in the UK may be paying far more for their borrowing than they should be
Will loans from credit unions become more popular?
January 30, 2008
A recent report has suggested that an increasing number of people may be turning to credit unions in a bid to get loans and other forms of finance
