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Mildred
Member since 14th June 2008
Displaying 1 to 15 (of 23 articles)
06th July 2008
Two years ago the Office of Fair Trading (OFT) declared that default charges on credit cards were too high and suggested capping these at £12. But market analysts say that although lenders have reduced penalty charges, they have also resorted to desperat...
06th July 2008
Officials from the credit cards market have suggested that some consumers may be able to get the high interest rates on their credit cards reduced simply by contacting their providers and negotiating with them.
An official from Fool.co.uk recently said...
06th July 2008
The crisis in the housing market deepened today after mortgage lender Halifax reported a dramatic slump in prices and Bellway became the latest builder to issue a profits warning.
Halifax said the average price of a house in Britain fell 2.4% in May al...
06th July 2008
Very bad mortgage lending statistics and a profit warning Bradford & Bingley yesterday underlined the crisis facing the housing market as the credit crunch continues.
The Bank of England said new mortgage approvals in April dropped to a record low, muc...
06th July 2008
The British government today announced that flood-hit households will soon know when they can expect to return to their homes.
In a statement, Floods Recovery Minister John Healey said he has heard from the Association of British Insurers about how in...
03rd July 2008
British consumers are being overcharged for Payment Protection Insurance by £1.4billion a year due to a lack of competition in the market, according to a watchdog.
The Competition Commission made the disclosure today adding that the market for the ins...
03rd July 2008
Two thirds of people in Britain will not buy property in the next 12 months, according to a new survey.
The poll by myfinances.co.uk suggests that falling house prices and the weakening economy has hit would be homebuyers. The study further shows the s...
03rd July 2008
Today’s announcement that Bradford & Bingley, Britain’s biggest buy-to-let mortgage lender had already suffered huge losses in the first few months of the year caught many by surprise.
However, it is the lender's bad debt figures, located towards ...
03rd July 2008
Beating the mortgage crunch may seem like an uphill task for many homeowners but industry sources insist that it always pays to seek independent advice from a mortgage broker as they can advise on products from the whole of the market.
Currently, homeo...
03rd July 2008
INSURANCE group Aviva today announced that it expects to axe up to 1,800 jobs over the next two years, with its Ipswich office among those to be affected.
According to Norwich Union Insurance, Aviva's UK general insurance business, the move was the lat...
27th June 2008
UK house prices are predicted to drop by a massive 35% this year, according to the latest forecasts from a leading mortgage body.
The Council of Mortgage Lenders [CML] say that property market in England and Wales has already recorded a 7% fall this ye...
27th June 2008
The mortgage market could destined for a better future as lenders continue to offer reduced rates.
But with First Direct resuming mortgage lending, the signs suggest that the market could be entering a softer period in the mortgage crunch.
First Dir...
27th June 2008
First Direct is back in the mortgage business after announcing a re-entry into the market seven weeks since their withdrawal.
The HSBC owned online and telephone lender has begun selling mortgages again to new customers. It is speculated that the re-en...
27th June 2008
Nearly half of British teenagers intend to get credit cards when they are adults, according to a new survey.
The survey by insurer Axa further revealed that 44% of teenagers aged between 15-17 years are keen to take out a credit card when they become a...
27th June 2008
Millions of Brits escape abroad for their holiday breaks, and a new report by moneyextra.com suggests that paying a holiday using a credit card is the best way to go.
Reports by Moneyextra.com show that the credit card offers good financial cover for...
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