It has been revealed that credit card companies are continuing their practice of increasing interest rates on borrowers who have never made a late payment.
Some of the worst cases are examples of credit card companies putting up rates on borrowers who have never made a late payment by as much as 100%. That could mean […]

With banks and credit card companies tightening their belts when it comes to lending an increasing number of us are finding it more and more difficult to secure credit, however there are a few steps you can take in order to avoid becoming a victim of the credit crunch as well.
One of the easiest ways […]

In a move to repay government lending, Northern Rock are set to slash 60% of their home loan customer base.
Since the government bailed out the beleaguered lender earlier this year, it has been holding £24bn of government funds, a figure it aims to reduce to £1bn by 2009.  It aims to do this by refusing […]

The Land Registry currently estimates that the average house in England and Wales cost somewhere in the region of £183,896. Halifax, whose estimate includes Scotland and Northern Ireland, puts the figure somewhat higher at £198,500.
While these estimates differ by roughly £15,000 which is a substantial amount the message both indexes give is the same; House […]

It is becoming more and more difficult to find a good mortgage deal, especially since lenders are increasingly tightening their belts in the wake of the global credit crunch.
Banks are getting rid of deals as fears that the UK could be heading towards its first property crash in 17 years begin to mount. The number […]

Two set of figures out recently show that an increasing amount of first time buyers are facing a difficult path ahead as the gap between earnings and house prices contines to grow.
Mortgage repayments have consumed the greatest proportion of take home pay for the last 17 years. The lowest earners as well as first time […]

First time buyers are at the highest risk of negative equity as a result of a massive rise in the number of 100% mortgages last year.
The Halifax Building Society has said that in March house prices fell by 2.5%. This leaves buyers who took out 100% loans last year in danger of owning a house […]

Now is not a good time to be a first time buyer if you are looking to secure a mortgage. Lenders have scaled back on their 100% mortgages – mortgages where no deposit is required – and house prices are showing signs of a serious slow down. If you are looking to get a good […]

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 […]

It has been revealed that mortgage lending in the month of January fell by 12% and confirms reports that there has been a slowdown in the house sector.
The total value of mortgages granted in the month of February fell to £29.96bn, which is more that £4bn less than January. The figures which were released were […]