Author Archive | Mark

Estate Agents Average One House Sale a week!

As the current turmoil continues in the financial markets around the world let’s not forget the estate agents all over the country who have an abundance of properties on their books and very few customers knocking at their doors. The Royal Institution of Chartered Surveyors will inform us later today that “less than one home per week is being […]

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Greedy City Bankers!

It’s astounding, time is fleeting and still they are bleating about the mis-management of the banks. Yesterday the Prime Minister Gordon Brown and his Chancellor Alistair Darling agreed to the £37billion requested by the Royal Bank of Scotland (RBS), Lloyds TSB and the Halifax. We are told repeatedly that they have not nationalised these banks, but […]

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Mortgages available at 2007 levels!

It’s nearly a week since the Bank of England dropped their base rate from 5% to 4.5% and we are still waiting for more competitive interest rates from the banks for mortgages, remortgages personal and business loans. It seems that the top four banks namely, RBS, Lloyds TSB, HBOS and Barclay’s Bank were quick to […]

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Finding A Remortgage Just Got A Lot More difficult!

Finding A Remortgage In today’s Market Breaking news from the Halifax Bank who are reporting a 13% drop in house prices for the last year. They claim that the current house price drop is the fastest and the largest house price drop they have ever recorded. The Halifax says that the monthly house price drop […]

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Interest Rate Cuts by Desperate Men Seeking Desperate Solutions!

Are The Interest Rate Cuts Welcome? Yesterday’s unprecedented announcement from the Prime Minister Gordon Brown that The Bank of England had cut the UK interest rate by 0.5% has been welcomed by everyone. The mortgage interest rate has fallen from 5% to 4.5% which is great news for everyone. Further news that the US and […]

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The Global Banking System is in Intensive Care on Life support!

Record losses were being mirrored around the world as governments scramble to avoid any further disaster. Stock markets are now being driven by fear and not by reason. Record loses are being moved around the world. If you thought we might be hitting the bottom then think again there are new warnings being given hourly […]

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Can the Buy-to-Let landlord survive the Credit Crunch?

This is not a stupid question to ask. I was with a client last week and I was arranging a five year fixed rate buy-to-let mortgage on a 75% loan-to-value mortgage with the Bank of Scotland. While my client and I were signing all the paperwork for their new buy-to-let mortgage, the Bank of Scotland had […]

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Age of Responsibility

We are getting a raw deal. It seems that the banks have succeeded in socialising their bad debt and poor management ability on the backs of ordinary working people and in the process they have now thrown us head long into spiralling unemployment, rising food and utility costs, along with a future of uncertainty, not […]

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Which Debt Management Plan is best for you?

Debt Management Plan My personal philosophy and advice as a  is to seek out a free service first and then compare it to a paid service. Take time to find out what the differences are. Three Types of Debt Management Companies The first is a paid service that will offer you help and advice and […]

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uk credit cards

Who Is Responsible for the Credit Card Debts?

Your Credit Card Explained When you applied for your first credit card you were probably offered a card with a £500 credit limit. Over time you found that your card provider increased your credit card limit many times. Often they increased your card without asking if you wanted an increase. After many years of using […]

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Swap Shopping is the New Shopping Experience!

Welcome to the new swap shopping phenomenon! “The credit crunch is likely to last well into 2010” Andy Hornby the HBOS chief executive of the UK’s largest mortgage provider has warned. For many of us the Credit Crunch has already started to wreak havoc on our shopping experience as we have no extra money left […]

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