With 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: Mortgage loan, house sales, property market, mortgageWhilst 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: Personal finance, interest rates, finance, mortgage, John Charcol, Fixed rate mortgage, Banking, Interest, Floating interest rate, Variable-rate mortgageAmidst 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, Economics, house market, 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, debt, Interest, Loan shark, finance, payday loan, ZopaA 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: Home insurance, real estate, sale and rent back, mortgageAccording 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: Inflation, Economic history, Economics, financeIt 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, credit, personal loans, interest rates, payday loan, loans, InterestIt 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: real estate, Renting, House sitting, property, Home insurance, mortgage, Ivy LettingsThe 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, Right Move, Home.co.ukThe 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: British brands, Virgin Group, Moneysupermarket.com, Virgin Money, banking servicesIt has emerged that both tenants and landlords are becoming concerned about the effectiveness of one of the three tenant deposit schemes that were set up to protect the deposits of tenants, with concerns that measures that have been put into place to cut costs could actually end up affecting the quality and effectiveness of the scheme. (more…)
Tags: Renting, Leasehold estate, Tenancy Deposit Scheme, Law in the United Kingdom, Landlord, Real property law, National Landlords Association, Damage depositOver recent months many reports have highlighted how properties have been picking up in terms of value following a year and a half of month on month falls. For many homeowners this brought some degree of comfort, but one report has suggested that the news of the house price gains will not be good news for all homeowners. (more…)
Tags: property market, Home insurance, house prices, increase house pricesWith the January sales well and truly underway many consumers are hoping to bag a bargain or two. This year it seems that it is not just High Street retailers that are offering products in the sales, as many other sectors have joined in ranging from broadband providers offering special deals on packages to banks offering great value financial products to help consumers save money. (more…)
Tags: Electronic commerce, broadband, Online shopping, savings products, David Black, buy productsOne financial industry group has recently suggested that consumers could really benefit by taking out a balance transfer credit card and transferring their higher interest credit card debts onto the card. (more…)
Tags: debt, balance transfer credit cardsAccording to a recent report the supermarket retail giant Tesco could end up breaking into the mortgage market as early as 2010, which would mean that consumers will enjoy more choice and will be able to consider a mortgage from a household name that is trusted by many people. (more…)
Tags: supermarket mortgages, Supermarket, tesco, northern rock, Royal Bank of Scotland Group, Tesco Personal FinanceLast year saw the government launch a stamp duty holiday for buyers that were purchasing property up to the value of £175,000. Previously the only properties that were exempt from stamp duty were those that were up to the value of £125,000. (more…)
Tags: first time buyer, Stamp duty in the United Kingdom, Taylor Wimpey, Taxation in the United Kingdom, stamp dutyA recent report has suggested that lenders may be pushing their more expensive mortgage deals onto consumers, with deals such as short term fixes, which are being pushed by lenders, proving to be costly for consumers. Many lenders are said to be focussing on pushing deals where rates are fixed for two years or less, and which tend to be the most expensive for consumers. (more…)
Tags: Mortgage loan, mortgage broker, Financial services, UK mortgage terminology, mortgageThe Bank of England has recently reported that the level of lending to businesses in the UK has been falling. The figures were released in the central bank’s recently released Trends in Lending report, and showed that in October there had been a slightly bigger fall in lending to businesses than in the previous month. (more…)
Tags: lending to business, economist, The Bank of England, Financial crises, bank lending, credit crunch, Stock market crashesIt has been forecast by the Centre for Economic and Business Research that house price increases next year will start to moderate and stabilise after a series of increases over recent months. (more…)
Tags: mortgage, interest rates, bank of england, Centre for Economic and Business Research, Personal financeRecent figures have shown that since the start of this year the cost of personal loans has been increased by banks, and this is despite the fact that the base interest rate has been at an all time low of just 0.5 percent for the past nine months. Since the start of this year the cost of a best buy loan for £5000 is said to have increased by around 1.54 percent to 10.78 percent according to reports. (more…)
Tags: cost of loans, loan products, Financial institutions, loan fees, mortgage, Banking, loan costs, debt, bank of england, British Bankers AssociationSurveyors from the Royal Institute of Chartered Surveyors have stated recently that property prices in the UK continue to be strong, and earlier this month reported that they were actually increasing at their strongest level in around three years. (more…)
Tags: Estate agent, real estate, house prices, Chartered Surveyor, Royal Institution of Chartered Surveyors, property marketFigures that have been recently released have shown that for the month of November there was a drop of 10 percent in mortgage lending in the UK compared to the previous month. The figures suggest that mortgage lending in November hit the lowest level since May of this year. The Council of Mortgage Lenders has stated that the mortgage lending levels of November of this year were also down by around 14 percent compared to the same month last year. (more…)
Tags: mortgage amounts, mortgage lending, mortgagesRecent figures have suggested that the level of first time buyers in the UK have fallen to the lowest in the period of a year. The National Association of Estate Agents has stated that the number of first time buyers entering the property market has fallen to the lowest level this year, and is in fact at its lowest since November of 2008. (more…)
Tags: first time buyer mortgages, first time buyersJust eighteen months ago many homeowners in the UK were facing crippling mortgage repayments because of the high base interest rate, and many found that they were unable to keep on top of these repayments fuelling a surge in property repossessions across the UK. (more…)
Tags: interest rates, bank of england, homeowner wealthMany consumers are being lulled into a false sense of financial security by credit card lenders that are quite happy to accept very low repayments on the credit card balance, but failing to make clear to the consumer that this will lead to a lifetime of debt for many. (more…)
Tags: Credit card, loan, minimum repayments, credit card debt, Credit counseling, Debt-snowball method, credit, debt