Archive | Recession

Mortgage Lenders Finally Slash Mortgage rates | Mortgage Expert

In the wake of last weeks shock announcement by Bank of England of a 1½% interest rate drop from 4.5% down to 3%. This was not before time! Around 40 mortgage lenders withdrew their trackers rate products from the market and said they would be reviewing and relaunching their tracker products later this week. By last Friday afternoon […]

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British Savers hit Hard by Bank of England’s Decision! | Mortgage Expert

Yesterdays announcement by the Bank of England delivered an unexpected statement that they were cutting their base rate by 1½% from 4.5% to 3%.  It has been done to kick start our stalling economy and to try and prevent a deepening recession. Everyone was expecting a ½%; but, we all hoped for a full 1% […]

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Stop! Do you need Unemployment Protection? | Recession tips

During these times of economic turbulence and insecurity we all have a immense need for sickness, accident, unemployment and redundancy protection. Most of us have a mortgage, loans, credit cards, utility bills and everyday living expenses that would need to be paid if we were to lose our jobs through a redundancy, become ill or suffered […]

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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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