Further controversy arises over PPI
September 28, 2009
Over recent years PPI, or Payment Protection Insurance, has been at the centre of heated controversy and regulation changes. This insurance is a form of protection that is offered to consumers taking out finance such as credit card, loans, and the like, and the idea behind the cover is that if the policyholder is unable to make repayments for a specified period of time due to sickness, redundancy, or injury, the policy will then meet these repayments up to a certain period of time. Read more
Possible easing with mortgage situation
September 24, 2009
Following the most recent Monetary Policy Committee meeting, where it was decided that the base interest rate would stay on hold for a fifth month at 0.5 percent, the Bank of England also announced that it was pumping more money into the economy through quantitative easing. Read more
Mortgage decisions can be based on occupation
September 19, 2009
It has been revealed in a recent report that many mortgage lenders have been basing their decision on whether to grant mortgages to applicants on the occupation of the applicant. Read more
FSA too lax over repossessions
September 14, 2009
The UK’s financial regulator, the Financial Services Authority, has been accused of being too lax over the rising level of repossessions in the UK, according to a recent report. Read more
Drop in level of self cert mortgages
September 8, 2009
Since the onset of the global credit crunch in 2007 the mortgage market has undergone many changes, and this has been reflected in recent data that has been released in relation to self certification mortgages. Read more
Continued increase in property prices
September 4, 2009
Recently released figures have shown that there has been a continued increase in property prices in the UK Officials from the Nationwide Building Society have said that house prices have now risen for the fourth month in a row, and have climbed by around 1.6 percent. Read more