Financial education charity, the ifs School of Finance, is continuing to lobby the government over its hopes to introduce exam-grade education on personal finance to the national curriculum.
“There are lots of other different financial education programmes being offered in schools, workplaces and online but, as FSA research highlighted last month, there is little or no […]
ifs continues bid to introduce Personal Finance to school curriculums
Tuesday, August 5th, 2008Looking for your first home
Tuesday, July 15th, 2008Purchasing your first property will probably be the largest financial commitment you will ever have made. However, looking for the right place can often be time-consuming, expensive if you need to take unpaid time off from work and often extremely frustrating. On top of all the emotional turmoil you have to go through you also […]
Citizens Advice warns that many homeowners doomed to fail
Monday, June 30th, 2008The 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 […]
Conservatives seek help for homeowners.
Monday, June 30th, 2008The 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 […]
Don’t panic if you are looking to borrow
Wednesday, June 25th, 20081.4m borrowers are going to come off cheap two year fixed rate deals in the coming few months. If you were to believe everything you read these days then you couldn’t be blamed for thinking things are going to get a lot worse in 2008.
While this picture is partially true it only paints a half […]
Merrill Lynch calls on central banks to act in order to avoid recession
Friday, June 20th, 2008Merrill 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 […]
Mortgage crisis 2008
Friday, June 20th, 2008It is likely that mortgage lending is going to dry up in the next year according to experts in the financial sector. But what exactly does that mean for borrowers?
The past six months have provided their fair share of bad news with the arrival of the credit crunch as a result of the sub-prime sector […]
How to get rid of your mortgage
Monday, June 16th, 2008Many lenders are now warning homeowners that in the wake of the credit crunch home loan costs are going to be much higher as lenders pass on the much higher cost of borrowing. Homeowners who have poor credit histories could find that the cost of mortgages for them could go up by even more.
Whilst there […]
Will the Bank of England cut interest rates?
Friday, June 13th, 2008Economists are doubtful that the Bank of England will cut the base rate in July after leaving it standing at 5% when the committee met earlier this month.
Reuters news agency took a poll of what economists were predicting would happen with interest rates and the majority are expecting rates to be held following the next […]
Mortgage for first-time-buyers launched by Yorkshire
Monday, June 9th, 2008Yorkshire 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 […]