Archive | July, 2007
Middle earners turn to social housing
More and more people are turning to their council in the hope of finding a home in these difficult times for homebuyers. The price of a home, although the rise is reported to be slowing down, has gone way beyond what a lot people can afford, and as a result town halls are being inundated [...]
Continue reading...Fixing may not be best
24. July 2007
It has been talked about before, but the time is coming nearer and nearer when more than two million homeowners will come to the end of their cheap two-year fixed rate deals. The will either slump onto the lender’s Standard Variable Rate (SVR) (although let’s hope they’re alert enough not to let that happen), or [...]
Continue reading...Fixed rates are over priced
23. July 2007
Some leading banks have come in for criticism after they have sharply increased their fixed rate mortgages following the recent base rate rise. Last week base rates went up by 0.25% to 5.75%, but some lenders have announced rises of up to 0.4% in their fixed rates, and more are likely to follow suit as [...]
Continue reading...Call for banks to assist poor with low interest
20. July 2007
The Government has been called upon to find a way of offering low interest loans for the poorest members of UK society. Kate Green is the chief executive of Child Poverty Action Group, and David Blunkett is the former work and pensions secretary. Together they urged Government ministers to work with banks and financial institutions [...]
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25. July 2007
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