Edward Ball, the Secretary of State for Children, Schools and Families recently quoted that “this financial mess is global and as bad as we have seen for 100 years.” It’s obvious that Ed Ball thought he could say it better than Mervyn King the governor of the Bank of England who had already stated that [...]

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 [...]

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 to [...]

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Mark is a professional Mortgage Adviser. The Information provided here is for information and entertainment purposes only. The content and information within Talk Money Blog does not constitute financial advice. Talk Money Blog provides general information and does not attempt to provide you with advice that relates to your specific situation. You should discuss your specific issues with an independent financial adviser. Enjoy reading and do come back often!