Thrifty Loans

Scottish Endowment Pay-outs Fall

Despite adding regular bonuses to 239,000 policies this year, Scottish Widows’ endowment policies will pay out less than they did in 2007. A mortgage endowment policy for 25-years at £50 a month that matured in January typically paid out £38,136. In 2007 the pay-out was £38,758. Only 7% of customers can feel confident that their [...]

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Government Seizes Control On Controversial Mortgage Lending

125% mortgages have finally been scrapped by High Street lenders amidst across the board controversy just as the bubble seems to have burst on the housing market. It seems that Northern Rock’s flagship mortgage deal which offered low income families the ability to get onto the housing market, has partly been the company’s undoing. As [...]

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Egg Faces Possible Enquiry Into Credit Card Cuts

A survey has revealed that many of the Egg customers who have had the credit on their credit cards cancelled were not the risky customers Egg claimed them to be. A survey for This is Money asked: “Have you had your Egg card cancelled? If so, have you ever missed any payments?” Fifty-seven percent of [...]

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