The television is full of ‘real estate investment’ infomercials that promise potential investors the secrets to buying a house with no money down. Anyone can grow rich. All they need to do is pay them £5000.
The real question is can you make money investing in real estate, especially in today’s volatile market. The answer is […]
Property Investing
Friday, September 28th, 2007Increased Repossessions
Wednesday, September 26th, 2007It has been reported by some big mortgage lenders that because of the five base rate rises over the past year, there has been an increase in home repossessions. Over the past six months there was a reported increase in home repossessions as a number of borrowers struggle to pay off their loan debt. For […]
Supporting Parents
Thursday, September 13th, 2007A reality of life is coming to the point where the care of elderly parents falls to the children. This can devastate two families, the parents, and the children. Many care givers have been forced into bankruptcy. They lose their jobs and go into debt while they care for parents.
However, a little preparation can prevent […]
Should You Lend Money to Your Children?
Thursday, September 13th, 2007Many parents are troubled by their child’s student loans and debts. However, instead of looking at a child’s loans as a burden, the parents should look at it as a chance for both to benefit.
There are several ways to benefit from lending money to children. With a growing number of people investing in property portfolios […]
Passive Streams of Income
Friday, September 7th, 2007One of the fastest growing trends is people building passive streams of income. Many of them draw the equity from their home for investments. These include property investors and buy-to-let investors. Others will apply for a secured loan and invest in a part-time business.
When done right, a multiple income streams can improve a person’s credit […]
8% Interest
Tuesday, September 4th, 2007Homeowners are forced to pay interest rates of more than 8 per cent for the first time since 1999. Bank of Scotland and Birmingham Midshires increased their standard variable rates to 8.1 per cent and 8.19 per cent recently.
This will hit many homeowners hard when they renew mortgages, last arranged at 3 – 4.5%, to […]
Debt consolidation goes up with interest rates
Tuesday, September 4th, 2007It is expected that in the coming months, many people will opt for a debt consolidation loan due to the recent increases in interest rates. A lot of the debts that people owe, and the monthly payments that they make will be affected by the recent interest rate rises made by the Bank of England. […]
Mortgage arrangement fees rocket
Monday, September 3rd, 2007It seems impossible that the cost of arranging a mortgage has increased by 600 per cent in the past two years, however, for some banks, the price of their arrangement fee has gone up by this much. It is startling to see just how much banks are charging today for their arrangement fees. For example, […]
