Millions of people who are still paying off their student loans will be worse off this year, as the Student Loans Company is raising the interest rates on their borrowing. Both those who took out loans before 1998 and those whose loans date from after that period will now pay interest on their balances, after [...]
More than one million home owners on an interest-only deal face a sharp price rise when their current deal expires. Banks and building societies are increasingly nervous about offering these deals to borrowers, ahead of new lending rules, designed to curb excessive lending. Coventry Building Society has become the latest mortgage lender to stop offering [...]
Home owners have so little equity left in the homes after the credit crisis that they are struggling to remortgage, experts warned. The latest lending statistics suggested the number of people who remortgaged their homes in June was just 27,000, down 20 per cent on a year earlier. Ed Stansfield, chief property economist at Capital [...]
A third of all properties for sale have seen their prices reduced amid an uncertain outlook for the housing market, a new survey suggests. The properties have seen their values cut at least once since they were first listed on the market, according to the survey by property website Zoopla. The highest average price reductions [...]
The Bangladeshi anti-poverty banker Muhammad Yunus is to feature in an episode of hit TV cartoon The Simpsons. Yunus, whose pioneering work on micro-finance earned him the Nobel Peace Prize in 2006, will appear in the TV show as a cartoon version of himself. The episode will focus on his micro-credit work in Bangladesh, which [...]
Thousands of mortgage holders are facing huge rises in their monthly repayments thanks to a banking error. Customers of the Yorkshire and Clydesdale banks have been left with a shortfall on their variable-rate mortgages after the bank miscalculated their monthly repayments. The bank said 18,000 customers had paid less than the contractual minimum monthly repayments [...]
Student loans seem to be the only feasible way out to pursue higher studies for the average student in UK. Things become all the more difficult for those without university funding. The government, in its efforts to make further education affordable, had undertaken quite a few steps to buffer educational finance. A significant step towards [...]
Don’t be fooled by supposed unsecured debts, says Moneywise debtwizard Mike Thomas. If you own your own home, there’s no such thing. Yes, you read it right, unsecured debt, as in credit and store card debt, a personal loan, an overdraft or even a catalogue debt, is not unsecured if you own your own home. [...]
Populace with label of bad credit always feels shy to apply for a loan. They think that they can’t satisfy heir all needs because of above said reason. But now UK lenders move a helping hand near to all persons who suffers from terrible credit score. They provide you no credit check unsecured loans. No [...]
Europe is a conglomerate of several countries, sovereign states and territories that are diverse in nature, culture, language and way of life. This diversity brings in different challenges faced not only by the people but also organizations and businesses across Europe. One of the main challenges for European organizations has been that of recovery of [...]
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