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...
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No, that’s not a misprint. Even though falling interest rates are good when you want to get a loan, they are bad for people with savings accounts. In this economy your best investment- the best place to put your money – is into paying off debts. Think of it as investing in your debt...
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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,...
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Gordon Brown told us when he was a prudent Chancellor for 11 years that he did not want an economy that went from Boom to Bust and back again. Gordon Brown and his new Chancellor are now practicing the Big Bang Theory with our Economy it seems! Our Banking system is in melt-down, the...
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Most of us have a garage but we don’t store our cars in it. Our garages are filled with goods we have purchased and now don’t use or want any more. We are a nation of hoarders, our garages are full of goods that we can either swap, recycle and/or sell through eBay or the...
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When you originally applied for a credit card you were probably offered a £500 credit limit and over time you find that your credit card provider increased your credit limit many times. Often they have increased it without you having requested an increase. After many years of using your credit card regularly your borrowing...
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“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 to spend on shopping. As a...
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The Department of Working Pensions (DWP) has announced changes to Income Support for Mortgage Interest (ISMI). The DWP has unveiled a package to assist vulnerable homeowners to meet their mortgage interest payments should they lose their jobs and become unemployed. The current ruling is that if you should lose your job then you will...
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Communities Secretary Hazel Blears confirms the cross-governments plan to help first time buyers, vulnerable homeowners at risk of repossession and to provide support for the house building sector. To read more Click here! Bookmark on Delicious Digg this post Recommend on Facebook Share with Stumblers Share on technorati Tweet about it Buzz it up...
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