Mortgage News and Information
Larger Loans Offer Advantages
Posted 2008-01-9
The size and tier of the loan people sign up for may save money, according to Defaqto, a financial services research company. Lower tier loans are often for smaller sums of money and charge the highest interest rates,...
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Financial Dip Following Christmas Endangers Families
Posted 2008-01-9
Over-spending naturally accompanies the holiday season, however the strain and financial burden of such events can damage long-term plans for many families, says the Department for Work and Pensions (DWP). As families struggle to pay increased bills after Christmas, the...
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Property Market Future Brighter for Buyers
Posted 2008-01-8
A survey by Fool.co.uk shows nearly 1 out of 10 potential home buyers are moving their plans to purchase a house forward – with current housing prices being lower and thus, a good time to take advantage of purchasing power....
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Alternatives to Bankruptcy Offer Options
Posted 2008-01-5
Personal insolvency is expected to increase this year, noted James Falla, Director of advice service Thomas Charles, while speaking of the predicted rise in the number of people struggling with bankruptcy in 2008. Although “everyone’s talking” about the rising number...
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Pricey Pooch Policy Relieves Burden
Posted 2008-01-3
Tesco Pet Insurance reports that 5.2 million UK consumers have at least one dog, yet only 12% of owners take out insurance for their animal. Those without pet insurance could see themselves facing large vet bills in the future and...
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Credit Boom Busts
Posted 2008-01-3
For years, Britons have enjoyed access to easy credit and less restrictive lending practices. However, studies made by uSwitch and backed by the Financial Services Authority (FSA) indicate that consumers are facing drastic changes. The report by uSwitch showed...
Increasing Levels of Debt Lead to Bankruptcy
Posted 2008-01-2
The days of living on borrowed money and lines of credit are coming to an end. The number of new credit card applications now being rejected is up by 30%, cutting the overall chances of approval by half. Individuals...
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Borrowers Scoff Rate Hold
Posted 2008-01-1
Brokers, such as John Charchol’s Ray Boulger, note that homeowners can expect to pay £105 more on their mortgage interest because of the Bank of England’s hesitation to cut the base rate by 0.25% recently. As a result, mortgage borrowers...
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Hot Properties in Northern Ireland Feeling a Chill
Posted 2007-12-30
During 2007 people selling their homes in Northern Ireland enjoyed a boom in price growth. However the Royal Institute of Chartered Surveyors (RICS) has noted that both sales and prices are now dropping in steady beat with the global economy....
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Credit Card Advice for New Year
Posted 2007-12-27
“Credit card companies can expect a busy transfer season in January as millions of us wake up to the cost of Christmas before the New Year financial hangover sets in,” said Sean Gardner, Chief Executive of MoneyExpert. Some 2.6 million...
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