Finance News
51% of credit card holders seek lower rates
Posted 2007-11-23
Many Britons are temporarily reducing their immediate interest payments on their outstanding credit debt by transferring high-interest cards to low - or no - interest cards. Almost 29% are seeking the no-interest introductory periods for new purchases, in order to...
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Bright alternatives for resourceful Christmas savers
Posted 2007-11-19
When planning for the Christmas season, the Office of Fair Trading (OFT), suggests there are better alternatives to traditional savings plans than the hampers type of schemes. In June, the organisation launched its “Save Xmas” campaign to raise awareness of...
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Financial transitions secured by ‘bridging loans’
Posted 2007-11-16
Often, in the process of selling and buying Real Estate, the seller of a property may need to close on a property deal before the buyer has his own property sold. When a problem with timeliness occurs, there is no...
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Professionals reduce DIYers expense and liability
Posted 2007-11-14
Home improvement do-it-yourselfers (DIYers), are strongly encouraged to take a good measurement of what they are – and are not – qualified to tackle. Although home improvements via upgrades and repairs are a good way to reinvest in real property,...
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Desperation driving homeowners to credit cards
Posted 2007-11-7
Some mortgage holders have been using credit cards to meet their monthly repayment requirements. Approximately 7% of men and 6% of women have used a credit card to cover a mortgage payment, according to research conducted by homeless charity, Shelter....
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Kids at half-term cause homeowners £106 million
Posted 2007-11-3
Sainsbury’s Bank has asserted that the combined cost of repairing home damages caused over the half-term school holiday could reach £106 million. Structural parts of homes such as walls, floors, carpets and windows, are the most likely to be...
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Renters face higher inflation than homeowners
Posted 2007-10-29
Information released by the Alliance Trust has shown that increasing rent costs tend to strain people’s financial standing. Whether young or old, in real terms of over-all inflation and cost of living increases, homeowners face less financial damage. Unfortunately,...
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Credit crunch ‘contracting self-cert mortgages’
Posted 2007-10-25
Managing Director of the Association of Mortgage Intermediaries, Richard Farr asserts that in light of the recent credit crunch, self-certification mortgages may become less available than conventional loans. Self Certification Mortgages, informally known as “self-cert” mortgages, are available to employed...
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IVAs suitable for less than 5% of debt-laden Brits
Posted 2007-10-20
In many cases, debt consolidation loans are looked at more favourably by banks than individual voluntary arrangements (IVAs). And many Britons seeking to manage their debts are unaware that more often than not, better alternatives to IVAs are available to...
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US sub-prime crisis unlikely to affect long-term secured lending in UK
Posted 2007-10-16
Datamonitor, a financial industry analyst, foresees an “encouraging future” for secured loans in the UK, despite the recent credit crisis fallout caused by the sub-prime lending chaos in the US. The research has shown a growing trend in consumer demand...
Read US sub-prime crisis unlikely to affect long-term secured lending in UK