It has been revealed that action being taken by the Ministry of Justice could result in a greater degree of protection for homeowners that could otherwise be at risk of losing their homes because of their inability to make repayments on personal debts such as credit cards. (more…)
Tags: mortgage, finance, debt, credit, real estateFigures that were recently released by a property website have revealed that properties in the UK are now selling at around 93 percent of their asking price, showing an increase compared to the 88 percent low that was seen in February of last year. This means that those looking to put in an offer on a property need to be mindful about how much they are offering, otherwise they could find that the property is snapped up by another buyer. (more…)
Tags: real estate, property prices, housing market, estate agentsOver the past couple of years the mortgage industry has been through some tough times, and both consumers and the economy as a whole have been affected by the lack of mortgage finances that has been available. (more…)
Tags: Mortgage loan, Super jumbo mortgage, mortgage, Personal financeEquity release schemes can often prove to be very useful for older homeowners that want to unlock some of the equity in their homes, but the scheme have also come under fire on a regular basis as a result of the fees that many elderly end up paying. (more…)
Tags: Personal finance, Consumer Credit Counselling Service, equity releaseOfficial figures that have been recently released have shown that new borrowing on credit cards, loans, and overdrafts has been increasing, with the level of new borrowing outweighing the amount that has been repaid by consumers for the first time since June of last year. (more…)
Tags: borrowing, Personal finance, credit, bank of england, Value added tax, loans, Bank, Credit cardWith house prices having increased over the latter part of this year many people may be considering selling their homes next year, and with interest from buyers on the increase the New Year could prove to be a good time to sell. (more…)
Tags: property market, house sales, mortgage, Mortgage loanWhilst there was a time when people wanted to avoid variable rate mortgages because of the high rate of interest attached to them many people at the moment are finding that these are the most cost effective mortgage types to opt for because of the record low interest rate that is still in place. (more…)
Tags: Interest, Variable-rate mortgage, Personal finance, interest rates, Banking, Floating interest rate, Fixed rate mortgage, John Charcol, financeAmidst the news that the UK has now come out of recession and things in the property market are looking somewhat brighter than they have for some time one leading High Street lender has now predicted further good news for the property market. According to the Nationwide house prices in the UK are continuing to increase, and the rate of house price increases could rise to over 10 percent a year. (more…)
Tags: property prices, house market, Economics, financeOver recent years pay day loans have become increasingly popular amongst certain consumers such as those that are on low incomes and those with poor credit ratings. (more…)
Tags: Better Banking Coalition, credit, debt, Zopa, Interest, Loan sharkA warning has been put out for older homeowners that may be looking to release equity from their homes, with officials concerned that many of these homeowners could end up at the mercy of sale and rent back operators that are nohttp://www.glitec.co.uk/wp-admin/post.php?action=edit&post=1680&message=6t operating to FSA regulations. (more…)
Tags: mortgage, Home insurance, real estate, sale and rent backAccording to the High Street lender, Halifax, the quality of homes across the UK has improved over the past few decades but affordability is now lower than it was fifty years ago. (more…)
Tags: finance, Economic history, Inflation, EconomicsIt has been reported that finally the rates charged on personal loans rates may be starting to fall. For many this will have been a long time in coming, given that the base interest rate in the UK has been at an all time low of just 0.5 percent since last March. (more…)
Tags: Personal finance, interest rates, Interest, credit, payday loan, personal loans, loansIt is no secret that many homeowners these days are experiencing difficulties when it comes to making their mortgage repayments and making ends meet financially, even with the base rate at an all time low of just 0.5 percent. (more…)
Tags: House sitting, mortgage, Renting, Home insurance, Ivy Lettings, property, real estateThe sale of properties in the UK have reached their highest levels in two years according to recent reports, and this comes after a turbulent period during which the sale of properties all but came to a halt, with faltering prices resulting in homeowners being reluctant to sell and the mortgage drought resulting in would be buyers unable to purchase a property. Officials believe that the increase in sales is yet another sign that the property market in the UK is on its way to recovery. (more…)
Tags: Sales, house market, property pricesAccording to a recent report homeowners that have been putting their homes on the market in the hope of selling them have been pushing up asking prices, with many realising that the lowest stock levels in around ten years could work to their advantage. (more…)
Tags: For sale by owner, Home.co.uk, Right MoveThe Virgin brand is one that is known and trusted across the UK as well as globally, and over the years Sir Richard Branson’s company has gone from strength to strength offering everything from financial products and entertainment to travel and more. The company has now added another feather to its cap after it was announced that it has managed to acquire a licence to supply full banking services, which means that consumers will be able to enjoy more choice. (more…)
Tags: banking services, Virgin Money, Moneysupermarket.com, Virgin Group, British brands