Tag Archives | banks

CreditExpert

Will the Buy-to-let market damage the housing market?

The Council of Mortgage Lenders has today published the latest figures showing that the Buy-to-let market had risen by 12% in the third quarter of 2010. Some 26,900 buy-to-let mortgages worth £2.8 billion were advanced during this period. There are currently around 1.29 million buy-to-let mortgages. Demand for buy-to-let mortgages is being  fuelled by the […]

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Businessman furious at banks’ refusal to lend bricks up Barclays branch in protest

This is an article that I felt our readers would enjoy it was written by Colin Fernandez of the Daily Mail Online 27th September 2010 When Cameron Hope tried to get a loan to help his business grow he felt as if he were talking to a brick wall. In fact, he became so angry […]

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How to trash your credit rating and how to avoid it

The Money Saving Expert has discovered that in the last five years, most people’s attitude to their credit status was, “It must be OK – I’m always being offered cards and loans.” Today, things couldn’t be more different. Banks facing the combined effects of the credit crash and recession have tightened their lending criteria so […]

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The Mortgage interest rate looks to have bottomed out

Money saving Expert says, surely the Bank of England base rate cannot drop any further? They could drop another half a percentage point to zero but there seems little point in reducing interest rates further. The government and the Bank of England have now introduced and started the process of Quantative Easing. They will spend […]

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Payment protection Insurance (PPI) claims are up 118%

News Update The Association of British Insurers (ABI) announced that the number people claiming unemployment had risen sharply from 8,772 in November 2007 to 19,105 in January this year. The effects of this recession are now starting to have a direct impact on ordinary people who are now losing their jobs. Losing your job can […]

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Can small businesses survive this recession?

Tougher times are expected for small and medium sized business. Business failures are expected to rise by a staggering 50% which means that failed businesses could peak around 32,400 in 2010; this would be the highest level recorded since 1992. The Federation of small businesses said that they had recorded a dramatic increase of 214% […]

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Confidence is the key to recovery from this recession

Trying to find anything to be confident about with regards to our economy is extremely difficult at present. Earlier this week, we saw the American’s being full of confidence and optimism for the future as they heralded in their 44th President Barack Obama. We are constantly bombarded with information by the media. Today the media […]

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Payment Premium Insurance (PPI) to be axed by the big banks

The Financial services Authority (FSA) has fined banks and lenders for the mis-selling of Payment Premium Insurance (PPI) and for failing to treat their customers fairly. Payment Protection Insurance cover (PPI) is sold to borrowers to cover them against the risk that they may not be able to pay their monthly payment on a credit […]

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Homeowners 2-year Mortgage holiday debt nightmare?

Gordon Brown could not wait to upstage the Queens’ Speech by releasing his governments’ latest initiative to the MPs in the House of Commons. He announced that mortgage borrowers who suffered from a drop in income would be able to defer their mortgage interest payments for up to two years. This initiative was agreed by […]

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Greedy City Bankers!

It’s astounding, time is fleeting and still they are bleating about the mis-management of the banks. Yesterday the Prime Minister Gordon Brown and his Chancellor Alistair Darling agreed to the £37billion requested by the Royal Bank of Scotland (RBS), Lloyds TSB and the Halifax. We are told repeatedly that they have not nationalised these banks, but […]

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The Global Banking System is in Intensive Care on Life support!

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 hourly […]

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