Inflation can reduce the spending power of your money but there are ways to reduce its most corrosive effects. With inflation running far ahead of the Bank of England target, most savers are finding that their money is worth less by the day. But there are steps that savers can take to avoid what has [...]
According to official monthly data, published by the Bank of England, the average rate offered on a two-year fixed rate mortgage to those home owners with a 25 per cent deposit, was 3.36 per cent, during June. This was down from 3.51 per cent the month before and 3.67 per cent a year ago and [...]
House prices are to edge lower at the beginning of 2011 after falling 2 per cent this year, estate agents have warned. The Royal Institution of Chartered Surveyors said the overall outlook for the housing market in 2011 is likely to be the same as this year, with much resting on the economic outlook and [...]
The house price gains seen at the beginning of this year have been totally wiped out, figures by Nationwide have revealed. Britain’s biggest building society said the average price of a home dropped 0.3 per cent in November, the equivalent of almost £1,000 in a month. It brings the average price of a home to [...]
Britain is stuck in a ‘mortgage famine’ as latest figures show the number of loans approved for those buying a new home fell to a 16-month low. A total of just 31, 767 mortgages for house purchases were approved in August, the lowest level since April last year, according to the British Bankers’ Association It [...]
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 [...]
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. [...]
Figures from the Bank of England have shown that mortgage approvals fell last month marking a continued slow start to the 2010 UK housing market. The figures from February show that the number of approved mortgages used for house purchases dropped by around 1,000 to 47,094, marking the third consecutive monthly fall, following a sharp [...]
If debt invokes a scary picture and getting you into deep financial quagmire, don’t overlook your monthly bills. Tackling it at the right time, with the right solution aids you stay fit financially. Pondering over how to get rid of your debts and stay financially fit? Debt Consolidation Mortgage Loan is the apt one for [...]
Only 258 house-hunters registered with estate agents during February, the lowest level for a year. Demand weakened in February as potential new buyers stayed away from the housing market, research showed today. Only 258 house-hunters registered with estate agents during the month, the lowest level for a year and down from 291 in January, according [...]
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