Finance News

Two Million Facing Debilitating Mortgage Payment Increases

Economists are worried that cheap fixed rate mortgage offered before the credit crunch will now force those borrowers toward more expensive option causing financial ruin... Read More

Property Versus Savings Accounts

A recent poll by BBC 2 found that consumer confidence toward long term investing leaned toward property as a much safer investment tool than saving money in the bank... Read More

Homeowners Hit by Rate Rises

The current credit crisis and rate freeze is worrying consumers enough to tighten the purse strings as homeowners are cutting back their borrowing... Read More

Economy's Reaction To Interest Rate Freeze

Despite the Bank of England freezing interest rates earlier this month economists feel a drop in rates will restore consumer confidence... Read More

Consumers Using Credit Cards Housing Expenses

As the banks tighten lending criteria on personal loan products many people feel the need to use their credit card to pay for household expenses... Read More

Banks Turning Down New Home Owners

As lenders reduce the number of mortgage products available and tighten lending criteria 1000s of would-be homeowner applications are rejected... Read More

Risk Of Fall In UK House Prices

Recently reports from surveyors and mortgage lenders have assessed a slowdown in house prices. Now, the International Monetary Fund agrees claiming the UK housing market was overpriced by 40%... Read More

UK Homeowners Using Credit Cards to Pay Mortgages

Recent study by housing charity Scots paying for mortgage with credit card. Analysts warn this could end up in downward spiral of debt problems... Read More

Northern Rock Biting Back

Credit crisis victim Northern Rock pursues customers who are struggling with debts owed to the bank by taking court action. Northern Rock threatens to force selling customer's home if debts unpaid... Read More

It Will Become Harder To Obtain A Mortgage

Over the past 2 years it has been relatively easy to obtain a mortgage. However, consumers with adverse credit will find it increasingly difficult to find affordable financing claim experts... Read More