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...
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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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If you have remortgaged or paid your mortgage off in full in the last few years, then you will also have paid an exit fee to end your mortgage contract with your lender. Agreement to pay an exit fee to your mortgage lender would have been detailed on your mortgage application. This Mortgage Exit...
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If you manage your finances well then you will find it easy to borrow as much money as you want or need. Should you get into difficulty and miss payments, receive defaults or have a County Court Judgement placed against you and your credit report then you will find it extremely difficult to borrow...
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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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The Chancellor Alistair Darling this morning announced that he had temporarily raised Stamp Duty on house purchases from £125,000 to £175,000 for one year only. This Government believes that this will stimulate the housing market and encourage the First-Time-Buyers into buying their first home. The last time the conservatives were in power they temporarily...
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