Gordon it’s time to go
Welcome back!My Money Saving tip today is for Gordon Brown to resign which will save us billions of pounds.
Gordon Brown bedded the bankers and took their advise not to regulate our Banking Industry. Duh! “It’s like God taking advise from the Devil on how to prevent Evilness!”
Your true legacy is that you are an unelected [...]
Northern Rock told by Government to start lending again for mortgages!
The Northern Rock was granted emergency financial support from the Bank of England on September 2007. Northern Rock under government control then announced in 2007 that they would not remortgage their existing mortgage borrowers to a new remortgage product. In fact the Northern Rock was informing their mortgage borrowers to remortgage to another mortgage lender [...]
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 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 [...]
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% [...]
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 not receive [...]
