Lloyds Banking Group has launched a mortgage product aimed at the Negative Equity Mortgage borrowers that have a mortgage with no capital in their property and they need to move home. This comes as inflation rockets, growth in the economy falls below zero and Mervyn King the Governor of the bank of England recently...
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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...
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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...
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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...
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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...
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Yesterday’s unprecedented announcement from the Prime Minister Gordon Brown that The Bank of England had cut the UK interest rate by 0.5% has been welcomed by everyone. The mortgage interest rate has fallen from 5% to 4.5% which is great news for everyone. Further news that the US and European central banks were following...
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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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Finance Claims Checker now have Solicitors who are able to eliminate credit card and loan debts over £1,000! Prior to September 2008 Finance Claims Checker could only assist clients with balances over £5,000 to eliminate their credit card debts. This change means that many clients that were previously unable to be assisted can now...
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When you originally applied for a credit card you were probably offered a £500 credit limit and over time you find that your credit card provider increased your credit limit many times. Often they have increased it without you having requested an increase. After many years of using your credit card regularly your borrowing...
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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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