Archive for November, 2007

IVAs ‘more difficult to obtain’

Wednesday, November 21st, 2007 Posted in News | Comments Off

People with problem debt are likely to find it increasingly difficult to obtain an Individual Voluntary Arrangement (IVA) in the coming months, it was suggested today.IVAs are intended to offer ... Read more..

Borrowers given base rate warning

Wednesday, November 21st, 2007 Posted in News | Comments Off

Borrowers were today warned that a cut in the base rate may not lead to their monthly mortgage repayments falling.Michael Coogan, director general of the Council of Mortgage Lenders, recently ... Read more..

Conditions ‘right’ for first-time buyers

Tuesday, November 20th, 2007 Posted in News | Comments Off

The current conditions in the property market have given first-time buyers the opportunity to take their time to find a bargain, it was claimed today.A number of housing market reports ... Read more..

Lending growth ‘likely to be short-term’

Tuesday, November 20th, 2007 Posted in News | Comments Off

Gross mortgage lending increased by six per cent during October, but is likely to slow in the coming months, an industry body said today.Figures published by the Council of Mortgage ... Read more..

Larger mortgages ‘can be cheaper’

Tuesday, November 20th, 2007 Posted in News | Comments Off

People taking out a high-value mortgage may end up paying less in fees than those with a bigger deposit, research published today suggests.A study by personal finance website Fool.co.uk discovered ... Read more..

100% mortgages ’still useful’

Monday, November 19th, 2007 Posted in News | Comments Off

A 100 per cent mortgage is still a useful product for first-time buyers despite the slowdown in the housing market, according to a mortgage expert.Personal finance website Fool.co.uk recently warned ... Read more..

Better rates available to bigger borrowers

Monday, November 19th, 2007 Posted in News | Comments Off

Better rates of interest are available to those who borrow more, new research has found.A market survey by personal finance website MoneyExpert.com discovered that the average rate charged on an ... Read more..

Average asking price falls 0.7%

Monday, November 19th, 2007 Posted in News | Comments Off

The average asking price for a home in England and Wales has fallen by 0.7 per cent during the past month, according to a report published today.Figures compiled by the ... Read more..

Talking can ‘help with money worries’

Friday, November 16th, 2007 Posted in News | Comments Off

Talking openly about money could help people to avoid running into financial problems, it was claimed today.Research by personal finance website Fool.co.uk found 66 per cent of Britons think money ... Read more..

Shoppers advised to give store cards the red card

Friday, November 16th, 2007 Posted in News | Comments Off

Christmas shoppers were today advised to steer clear of store cards, even if the introductory offers appear to represent a bargain.Research by MoneyExpert.com found the average APR charged by store ... Read more..