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 [...]
I’M GOING ON A FOREX TRAINING COURSE!!
When looking for an expert to provide money saving advice it is important that you consider how to earn extra money as well. During the last recession it was discovered that most people that lost their homes through forced repossession could have saved their homes had they been able to earn an extra £20 to [...]
How to apply for the Government Mortgage Rescue Scheme – Mortgage Advice
The effect of the global economic downturn is having serious consequences for homeowners through out the UK. Homeowners with families are worried about not being able to pay their mortgage commitments as their jobs are affected by the recession. Expert advice and help is being sought by people from all walks of life that are [...]
Buy-to-Let Landlords struggle to keep up mortgage repayments | Debt Help
As this recession tightens its grip on our economy many buy-to-let landlords have found themselves unable to sustain their mortgage commitments to repay their borrowings. The chief executive of the housing charity Shelter says that he is worried about the increase in the number of people seeking advice from his organisation. Many landlords and tenants [...]
Should you consider a sale and rent back?
The number of homes being repossessed by mortgage lenders rose by 54% to 40,000 according to the Council of Mortgage Lenders (CML). The Financial Services Authority (FSA) recently reported that house arrears had surged forward by 31%. As the credit crunch bites ever deeper people who are struggling to pay their mortgages are searching for [...]
Tenants, Beware of Buy-to-Let landlords when renting
The Council of Mortgage Lenders (CML) has released figures this month that show a sharp rise in homes being repossessed. The figures show that 40,000 people lost their homes last year which is up from 26,200 in 2007. These figures also included buy-to-let repossessions from landlords with buy-to-let mortgages and landlords who are renting out [...]
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 [...]
Mortgage rescue scheme helps houseowners facing repossession
The government this morning announced a £200million mortgage rescue scheme that may help around 6,000 homeowners facing repossession, money saving expert heard today. This new initiative is aimed at stopping thousands of vulnerable homeowners from losing their homes in England and will start from this Friday. The scheme is primarily targeted at families [...]
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 [...]
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 the [...]
The collapse of AIG and its impact on the Mortgage and Banking System
Most people have no real understanding of the impact of the American Insurance Group or AIG on the mortgage market and the global banking system and how close we came to Financial Armageddon. All of a sudden the dominoes started to fall and the Federal Reserve Bank of America started to pick and choose who [...]
