Banks are desperately trying to weed out bad debts and as a result some borrowers are facing the prospect of having to repay their debts early and suffer pre-emptive cuts in their borrowing. It has become increasingly apparent in recent months that banks have become extremely wary of bad debt and in response to this [...]

You know that feeling when you go to do something at your bank and feel like you’re being rude for asking them? The clerks don’t know who you are and for the most part don’t really care. Well there is an alternative type of bank out there. This is called a credit union and you [...]

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 [...]

Building societies and banks are finding themselves under increasing pressure with relation to the level of fees they are charging. One fee that is no under the spotlight are mortgage exit fees and the Financial Services Authority (FSA) told lenders they had until the 31st of July to announce changes in they were going to [...]