According to a recently published article by the Financial Services Authority (FSA) on the latest mortgage lending statistic they reported a sharp surge in mortgage arrears. With borrowers continuing to struggle to clear their mortgage arrears, the numbers of arrears have been progressively increasing since the beginning of 2007. By the end of 2008...
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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...
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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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Christmas is a time of religious celebration, a time to spend time with your close family, your extended family, your friends and it is a time for rest and enjoyment. Christmas is a time of giving and receiving and there is no rule that says you need to spend a ‘fortune on gifts.’ After...
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Technically we are told by the government that we are in a recession when we have two quarters of negative growth in our economy. Mervyn King the Governor of the Bank of England has just admitted that we are entering a recession. It’s funny that most of us have known for the last six...
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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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Mortgage and Loan Calculator Repayment Mortgage Calculators are a great way to start your research and it’s important to know how much you can borrow when arranging a Mortgage, Remortgage, Personal unsecured Loan or a Secured Homeowner loan. It’s important when trying to arrange a quick mortgage or a quick remortagage.  Please be aware...
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