Archive | Advice and Information

To sell your home or be Repossessed? | Debt Management

Home repossessions in the UK are at a 12 year high. The recently privatised Northern Rock Bank is repossessing 50% more homes than the mortgage industry average. Ouch! In order to avoid repossession you need to talk to your mortgage lender as soon as you realise that you cannot afford your mortgage payments. The reason […]

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Restructure your debts to make them more affordable | Debt Management

We have all watched as our government has bought a share in the Royal Bank of Scotland (RBS), Lloyds TSB, Halifax and then they privatised the Northern Rock and Bradford and Bingley. They have given these banks a life-line. But what life-line have they offered the rest of us? Some people are struggling more than […]

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Anger over Home Repossession | Debt Relief

Home repossessions in the UK are at a 12 year high. Reports from Wales suggest that the number of repossession orders going through the courts there are up by 39% this year. Further news has emerged that the recently privatised Northern Rock Bank is repossessing 50% more homes than the mortgage industry average. Ouch!  We […]

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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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