Getting a mortgage is going to be a lot tougher – particularly for people with a less-than-perfect credit history or anyone whose income has previously been self-certified. The money saving expert recently heard the account of a lady who had missed one credit card payment and a council tax payment in the last twelve...
Read More »
First-time buyers are finding themselves in a predicament with falling house prices as the housing market becomes more affordable. Expert opinion is they are being squeezed out of home ownership by the very large deposit they are required to have in order to secure their first mortgage. Saving up to £25,000 for a deposit...
Read More »
Over the years I have come across people who have been brainwashed into remortgaging every two or three years by their Bank, Building Society or their Mortgage Broker. These intelligent people are sold the story that know body knows where the interest rates will be in two or three years time and it is...
Read More »
If you are at this stage you have buried your head for long enough. The demand letters just keep on arriving daily and you are now on first term names with the guys and girls at the mortgage, loan and credit card collection departments. What ever you do don’t stop paying your mortgage. Talk...
Read More »
It’s nearly a week since the Bank of England dropped their base rate from 5% to 4.5% and we are still waiting for more competitive interest rates from the banks for mortgages, remortgages personal and business loans. It seems that the top four banks namely, RBS, Lloyds TSB, HBOS and Barclay’s Bank were quick...
Read More »
Breaking news from the Halifax Bank who are reporting a 13% drop in house prices for the last year. They claim that the current house price drop is the fastest and the largest house price drop they have ever recorded. The Halifax says that the monthly house price drop of 1.3% per month is...
Read More »
