January 30, 2009
Debt consolidation
Story link: Debt consolidation
Debt consolidation is something that so many people have overlooked in the past but are getting more involved with now. It may be by taking out a unsecured loan for instance and keeping up with your repayments, you have improved your credit rating. This means you’d probably be able to get a loan out at [...]
Increase in mortgage approvals
Story link: Increase in mortgage approvals
Not exactly a spectacular result, especially considering the figures for say, this time last year. Even so 4,000 more mortgage approvals can only be good for the property market, maybe this means we are final bottoming out. Increase in mortgage approvals The number of new mortgages approved for home buyers picked up slightly in December, [...]
January 28, 2009
Debt diary
Story link: Debt diary
At the end of the day property is a long term investment and sense of security, so the fact he is down on the value he paid, isn’t really an issue, and as for the savings of £250 a month – excellent! Debt diary When Newsbeat first spoke to Chris Guy in January 2008, his [...]
January 23, 2009
The ability to service debt
Story link: The ability to service debt
The large deficits that we are currently seeing in the UK economy, thanks to the UK economy, make the possibility of the UK economy becoming the equivelent of Iceland almost impossible. The ability to service debt I have just been reading a Times columnist, the Business Editor, who is seeking to explain why it is [...]
January 20, 2009
Mortgage redemptions to slow
Story link: Mortgage redemptions to slow
The UK economy needs banks to act in the exact way that Northern Rock is planning to. Banks need to start lending to the sub prime mortgage sector again to stop house prices falling into a deeper downward trend. Mortgage redemptions to slow Troubled mortgage lender Northern Rock unveiled a new strategy today which will [...]
January 16, 2009
Extended mortgage rescue
Story link: Extended mortgage rescue
Its good to see the Government and other parties implementing such plans. Too much of public money is being wasted where effectively, it will just be wasted. The Government need to continue to tackle projects such as the one mentioned to allow our economy to stabalise. Extended mortgage rescue A scheme aimed at stopping thousands [...]
One in arrears means 80 with no mortgage
Story link: One in arrears means 80 with no mortgage
That is an extemeley high figure and you can only feel for the people who are trying to get on the property ladder at a point which looks like it could be a perfect entry. On the other hand the amount of arrears has had a huge increase and is likely to increase much more [...]
January 13, 2009
We want to borrow, but we can’t find a lender!
Story link: We want to borrow, but we can’t find a lender!
Savings need to be made to improve balance sheets, but in the short term that means cutting jobs and higher unemployment, which definitely doesn’t help the country as a whole. A recession is a vicious circle, so while one might save and gain, another will lose a job. We want to borrow, but we can’t [...]
£100bn will kick start the mortgage market
Story link: £100bn will kick start the mortgage market
The mortgage market has been in a huge downward trend for some time now, but its not just about guaranteeing bonds, lenders need to pass on the latest interest rate cuts to the consumer, as well as freeing up the lending criteria, that’s what will kick start the market again. £100bn will kick start the [...]
January 8, 2009
Interest rate drop, why?
Story link: Interest rate drop, why?
The rates have been cut, it was a long time coming and after many talks, the Bank of England has cut the rate to 1.5 percent for the time being, with further possibilities of further cuts in the future if things don’t change for the better over the next few months. Interest rate drop, why? [...]
