Finance News

Debt Burden Stats Are Optimistic

The Bank of England reported debt levels in November 2007 to have increased over the previous year which is good news as it displays strong growth where other economies suffered... Read More

Darling Working To Protect Consumers

Chancellor of the Exchequer, Darling, says he wants to give the FSA the power it needs in order to protect consumers' mortgages and savings and to help stave off future banking disasters like Northern Rock... Read More

CCCS Prepares For Recession

Debt charity service and the Council of Mortgage Lenders are working together to help reduce the number of UK home repossessions in 2008. Two centres expected to handle 500,000 cases by phone and online... Read More

Unemployment Rates Reassure UK Economists

First the global credit crisis then turmoil on the stock market, all contributing to consumer pessimism. However, economists say low unemployment is a positive sign and fear itself is most dangerous... Read More

Economists Warn ‘Don’t Panic’

Economists are trying to placate consumer worries of instability in the world markets. The UK experienced similar market corrections in the 1980s, 90s and early 2000s. ... Read More

UK Home Owners Can Save By Remortgaging

According to some experts, UK mortgage holders "waste" £25 million a day because they do not remortgage to a cheaper deal. Another option to save is overpaying however, many don't realise their options... Read More

Will US Recession Hit The UK?

The US recession is affecting countries around the world. Former Deputy Governor of the Bank of England says it will be difficult to avoid a recession. The question is, "how bad" will it be?... Read More

Darling Must Restore Consumer Confidence

Pressure is on Alistair Darling to improve consumer confidence that their savings will be secure in the event of another Northern Rock fiasco. Three new measures will be given to the FSA... Read More

Lending Criteria Tightening

Ever since the failure of Northern Rock, who used to be an aggressive lender in the 100%+ mortgage market, many mortgage providers have taken their 100%+ mortgage offers off the shelf and dropped LTV to 95% or less... Read More

IMLA Paints A Positive Picture For 2008 Economy

The Intermediary Mortgage Lenders Association (IMLA) paints a much more positive picture of the UK economy than the negative publicity often seen or heard in the media lately... Read More