Credit card companies have begun to target borrowers who don’t have a blemish on their credit records as they tighten up on credit lending. It has been reported that some credit card companies have begun to impose punishing interest rate rises on borrowers who they believe are on the verge of struggling.
Credit card companies’ look […]

As homebuyers face a market with soaring house prices as well as increased mortgage prices is it worth forgetting about purchasing a house and opting to rent a home instead?
The average house price is currently close to £200,000, base interest rates are at 5.25% and banks are turning away borrowers in droves. With these kind […]

The average Briton owes £33,000 in debt, this is almost twice as much as debt was only seven years ago when the average amount of debt was £17,000.
The large rise in debt is mainly a direct result of increases in house prices in the past decade and things are expected to get even worse in […]

British Gas is sending out strong signals that bills could go up over the year after releasing a statement in which it stated that it is expecting a ‘difficult environment’ for energy in the coming year.
British Gas was the first major UK energy firm to cut prices earlier in 2007, however in recent months the […]

Banks have introduced new restrictions on lending to borrowers who they consider to be high risk. Because of these new restrictions it is expected that in the next few months the number of people seeing their home loan application rejected could go through the roof.
New figures recently released show that almost a quarter of all […]

Recently banks have started to change how they charge for long-term fixed rate mortgages making them more and more attractive to borrowers.
Lenders have begun to bring down rates on long-term fixed rate home loans as well as reducing their early redemption charges. This now means that many of the deals are more attractive to customers […]

In recent months lenders have been forced to pay back customers charges from levying unfair exit fees on home loans.  If you have been charged an exit fee then you might be eligible to reclaim the charges from your lender.
For most of the past decade mortgage fees remained largely unchanged but in the past 3 […]

The gap between how much people earn and the cost of buying a new house has been highlighted with a report out revealing that the average house now costs well over the five times the average first time buyer’s income. Meanwhile the tyical home loan lender only offers four times salary.
The study released by the […]