How fit are your finances?
Welcome back!Applying for a new loan or credit card is a competitive business, with the best deals going to the people who have the fittest credit history. If you want to be in the running, you need to remember the old fable and act like the tortoise, taking time to manage your money, rather than [...]
Learn MoreThe Money Saving Experts advise us that we are in the midst of probably one of the worst financial year on record. We have seen the meltdown of our financial markets, motor manufacturing, housing and retail markets. These markets are all fighting their way through this recession for their survival and existence. Already some great [...]
Higher Fixed Rate Mortgages are on the Way – Mortgage Advice
The CBI
The Bank of England base rate remains at 0.5% for the third consecutive month there are warnings recommending that higher fixed rate mortgage deals are on the horizon. Borrowers are reluctant to remortgage now due to the low interest rates they have with their current mortgage deals. This benefits borrowers on tracker rate, discounted [...]
Should I overpay my mortgage or save my money?
The question of whether to over pay your mortgage or accept a low return on your money invested is an importance issue in today’s economic climate. As a money saving expert, I will explain how you can save thousands of pounds by over paying your mortgage and why it is more tax efficient than saving [...]
The more the Government spends the shorter the recession - Money Saving Expert
In today’s climate of recession meltdown it is difficult not to scaremonger or upset anyone when analysing the world around us, the consequences to each of us and the impact of the debt our children might one day inherit. Are the changes that have been implemented by the government and the Bank of England really [...]
Are we in the Worst Financial mess seen in 100 years?
Edward Ball, the Secretary of State for Children, Schools and Families recently quoted that “this financial mess is global and as bad as we have seen for 100 years.” It’s obvious that Ed Ball thought he could say it better than Mervyn King the governor of the Bank of England who had already stated that [...]
The Governments Great Bank Bailout has not worked!
What’s the alternative?
The problem we face now is not the cost of money but the availability of money. We need the interbank base rate to ease up to make it possible for banks to get money from the markets to allow them to lend again properly. The low interest rates at present do not allow [...]
Deepest recession for Twenty Years - Stop reducing Interest rate!
The Bank of England’s interest base rate is expected to reach an all time low of 1% later today. The current rate of 1 ½ % is the lowest level of interest base rate ever seen in 315 years since it was established in 1694. This is dreadful news for savers but great news for [...]
British Government may start printing £billions soon!
There seems little point in reducing interest rates any further as the interest rate cuts are proving to be ineffective and the Bank of England base rate cuts are proving to be unpopular with savers and borrowers. The pound is falling against the dollar and the euro. Savers are not being rewarded for saving [...]
Savers get a raw deal again as interest rates plummet!
The Bank of England decision today to drop interest rates to 1½ % is the lowest interest rate in the Banks 314 year history, since it was established in 1694. The Banks of England’s reason for another drop in the base rate is their concern about inflation, the costs of imports as sterling is very [...]
Mortgage gloom set to continue through 2009
In the last two months I have seen nine clients all wishing to remortgage their homes. Some of my clients are at the end of a mortgage deal, others are looking to consolidate their expensive secured loans, unsecured loans and credit card debts into an affordable mortgage deal. Whilst some clients are looking for a [...]
