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For every ten homes sold last month one was a remortgage. Until more mortgages arranged are remortgages each month I very doubt that property prices will drop any further. The reason for the house prices being unreasonably buoyant is due to the fact that for every ten houses sold only six new homes are coming [...]

Here are some finance tips that suggest your credit rating could suffer as a result of you not understand what credit terms are all about. It can be hard to navigate the credit minefield, which is littered with technical terms and governed by rules many of us don’t understand. This guide is designed as a [...]

Redundancy may be a worry for many people right now but it’s not necessarily the main cause of our financial woes. Rising bills and one-off payment shocks, such as having to replace a car, can be much more damaging, according to research from the Council of Mortgage Lenders (CML). It showed that higher food and [...]

Now more than ever it pays to be savvy when it comes to getting the right credit you need to run your life. Luckily, you don’t have to be an expert to stay on the money. These simple steps could help you find financial success and help you to find the right debt solution if [...]

According to Credit Action almost sixty-six percent of Britons had seen their finances stretched by the current recession. It seems that 31% of households are now so worried about the state of their finances that they are considering missing essential repayments on credit cards, loans and mortgages.  Research by Mintel has shown that over five [...]

If you believe everything in the news these days, it’s almost impossible to get a good deal on credit. Luckily, that’s just not true. If you have a good credit rating, you can still qualify for some great deals - whether you want a card, loan, mortgage or simply the right mobile airtime package. Follow [...]

The United Kingdom personal debt today stands at £1,458 billion and the government intend to increase their debt to £175 billion this year and similar figures for the next three years. The latest figures available from Credit Action this month suggests that the average household debt is £59,765 including mortgages, £1.02 billion will be spent [...]

Recessions come and recessions eventually go but if you were born in the 1980s or 1990s, you may not know what to expect or how to cope during a period of financial uncertainty. This guide gives all you first-time buyers a few pointers to surviving until the next boom comes around.
Your attitude
Stick to the essentials
Decide [...]

The number of homes being repossessed by mortgage lenders rose by 54% to 40,000 according to the Council of Mortgage Lenders (CML). The Financial Services Authority (FSA) recently reported that house arrears had surged forward by 31%. As the credit crunch bites ever deeper people who are struggling to pay their mortgages are searching for [...]

Your credit report is a key element of your financial CV, which lenders look at when they decide what kind of deal to offer you - or whether to turn you down. It’s also an invaluable source of information that can help to put you in control of your finances.

Your credit report gives you a [...]