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Mortgage Arrears and Repossession.

Tesco Bank Enters the Price War.

Tesco Bank Enters the Price War.

Rates have really come down in the last few months as banks and building societies have begun to slash their rates.

Tesco Bank first launched its range of mortgages in August 2012 in a bid to capture a larger slice of the UK retail banking market. They recently announced that they intend to lend £1 billion by the end of 2013. Read more

Children to get Financial Education.

Children to get Financial Education.

One of the keys to a prosperous adulthood and the most important and practical skills throughout life is the ability to manage money.

A recent survey has suggested that British children are more financially aware than their parents were at their age. Read more

Home Ownership at its Lowest.

Home Ownership at its Lowest.

According to a report published by lobby group, the Home Owners Alliance, home ownership is now in ‘crisis’ in the UK.

Government figures have revealed that the level of home ownership has fallen to its lowest level since 1987. The percentage of owners has dropped for the last 7 years. Read more

Interest Choice Equity Release Loans.

Falling Mortgage Rates Boost Housing Market.

Falling Mortgage Rates Boost Housing Market.

The property market has suffered greatly since 2008 due to the after effects of the credit crunch and also the banking crisis.

However, the bank of England launched the funding for lending scheme in August 2012 and this seems to have certainly improved things within the housing market as funding has become cheaper. Read more

More Home Owners Enter Retirement in Debt.

More Home Owners Enter Retirement in Debt.

With escalating costs for basics such as food, energy and petrol, it is no wonder that those wanting to retire have much less to live on than they originally anticipated.

Jonathan Moore, director of easyroom.co.uk, states that “the finances of those about to retire and those in the early stages of retirement have taken a serious knocks over the last few years”. Read more

The Funding for Lending Scheme Begins to Show Signs of Helping Borrowers.

The Funding for Lending Scheme Begins to Show Signs of Helping Borrowers.

The funding for lending scheme was introduced by the bank of England  and was launched back in August 2012. This scheme allows financial institutions to borrow at a low interest rate with the expectation that they will in turn lend to more people and avert any further slowdown in the wider economy.

According to data recently published by the bank of England the scheme to encourage banks to ‘ramp up’ their lending has now added fuel to the housing market. Read more

Two Year Mortgage Deals.

Two Year Mortgage Deals.

It appears then that lenders have been cutting rates to their lowest levels in almost a decade for some of the most popular types of fixed rate mortgages, thus resulting in fixed rates being cheaper than comparable variable rate products.

Therefore there has been a great deal of movement within the mortgage market in recent times. Read more

Financial Advice in 2013.

Financial  Advice in 2013.

It seems that many borrowers trust that they will be given the right advice according to their individual needs and attitudes to risk, but this has not always been the case.

Given the current economic climate, financial advice has never been more important. Read more

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