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The citizens advice is warning that UK homeowners are “doomed to fail from the start” if they are sub-prime mortgage borrowers – i.e. those with a history of bad debt, repayments or a troubled financial past.
There are a variety of factors that, when combined, are making it more and more difficult for sub-prime borrowers in […]

The Conservative leader, David Cameron has urged lenders to help out struggling homeowners who can no longer afford to repay their debts.
It is estimated that roughly 1.4 million are going to see their current cheap fixed rate mortgage deal end in the coming few months leading to sharp rises in mortgage repayments. It is expected […]

Merrill Lynch has called on central banks on both sides of the Atlantic to drop interest rates in order to prevent the onset of a global recession brought on by rising oil and food prices.
According to the investment bank US interest rates would have to come down by 2% in the next two years in […]

Many store card providers have put up the cost of borrowing on their cards, despite the fact that watchdogs are criticising them over high charges and that they are already charging some of the highest rates in the industry.
Many consumer lobby groups are now taking the opportunity in the midst of the credit crunch to […]

Yorkshire building society has launched a new mortgage which is targeted specifically towards key workers who are struggling to buy their first home.
The exclusive “Open Market HomeBuy” loan offers key workers a regular mortgage for 67.5% of the properties value.
This new offer replaces Yorkshire’s old offer where a regular mortgage could be taken out for […]

It is predicted that one and a half million borrows are in for a massive payment rises on their fixed rate mortgages in the next month as fixed rate mortgages come to an end.
Repayments could go up be as much as £300 a month for the average borrower coming in to the summer period as […]

While demand for housing in the past few months has dropped considerably the shortage of housing in many regions in of the UK is likely to help prevent house prices from crashing.
The shortage in housing provides a certain level of offsetting support to prices despite the fall in demand from buyers, this is particularly the […]

Research recently released shows that women are failing to take appropriate steps towards preparing for their retirement.
It has been found that only 41% of women who earn more than £10,000 a year are saving some of their income into a pension. This is in contrast with the 54% of men who earn more than £10,000 […]

More and more of us are borrowing an increasing amount of money against the value of our homes, according to research from the Bank of England. In official language this is known as mortgage equity withdrawal.
The amount of mortgage equity withdrawal amounted to £49.7bn for 2007 and that was up from £36.6bn in the previous […]

So you have finally saved up a little money and are thinking of buying a new house. This is quite possibly going to be the biggest investment you will ever make. However the joy of buying a new house can often come at a large emotional cost given the time, expense and frustrating that can […]