Warning over predatory lenders over Christmas and New Year
December 24, 2009
Warnings have been issued by industry experts to consumers in the UK who might be thinking about taking a loan over the Christmas and New Year period to tide them over. Many desperate consumers who do not have the cash available to go out, entertain, make purchases and the like over the festive season may decide to turn to predatory lenders, who often prey on the more vulnerable people that have debts and little in the way of income. Read more
Tesco moves closer to full banking service
December 23, 2009
Over recent years many of the UK’s major supermarkets have started offering far more than just household goods and groceries, with everything from mobile phones and electricals to insurance services and credit cards now available from some major supermarkets. Read more
Mixed news for those with low deposits for mortgages
December 18, 2009
In the past getting an affordable mortgage with only a low deposit of 5 percent, or even with no deposits at all in some cases, was not a big problem, as many mortgage lenders offering 95 percent loan to value mortgages, 100 percent mortgages, and even 125 percent mortgages. Read more
Advice offered to homeowners regarding making money from their homes
December 13, 2009
With the value of property in the UK having plunged over the past couple of years since the onset of the global credit crunch many people who were convinced that they could rely on the equity in their properties were shocked to find that their equity levels suddenly melted away. Read more
Gordon promises economic recovery in recent podcast
December 8, 2009
The shock news that was released recently with regards to the economic growth in Britain - or rather the lack thereof - caused more unrest in the UK. It had been widely predicted that the economy would show growth in the third quarter of this year, which would mean that the UK was finally out of recession, but sadly the figures showed that the economy had actually shrunk further by around 0.4 percent, leaving Britain languishing in the longest recession it has ever had to face since records began. Read more
What the experts think of the QE extension
December 4, 2009
Following the most recent Monetary Policy Committee meeting the Bank of England announced that the base interest rate was to stay at its all time low level of just 0.5 percent for the eighth month in a row, in the hope that the lower base rate would help to increase affordability and boost the economy. This came after news that the UK was still in recession, with a drop in growth for the third quarter - something that came as a shock to most industry experts. Read more