Archive | July, 2007
Nationwide’s 25-year mortgage
Nationwide has responded to calls from the Prime Minister and the Chancellor for longer term fixed rates. The building society is to relaunch its 25-year deal which it originally offered with limited funds earlier in the year, and which proved popular at the time. The rate for the new fixed deal will be 6.39% for [...]
Continue reading...Always avoid loan sharks
17. July 2007
In these days of rising interest rates, rising fuel and energy prices and a consumer spending boom, many people are getting caught in the credit trap. They may get into difficulties, default on payments and when in need of more credit, they are refused. In such circumstances they may be tempted to find lenders who [...]
Continue reading...Think-Tank says abolish stamp duty
16. July 2007
It is possibly the tax that is the most disliked of all. At a time when interest rates are going up and the price of houses has almost gone off the scale for many people, if buyers do manage to find a house they like within their budget and they find a mortgage to suit, [...]
Continue reading...Base rate increase means higher mortgages and savings rates
13. July 2007
Last week the Bank of England increased its base rate by a quarter of a percent, to 5.75%. With twenty-four hours some providers had announced changes to their mortgages, and this week the banks and building societies will begin to change their rates to keep up. No doubt the cost of borrowing will go up [...]
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19. July 2007
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