Thrifty Loans

New mortgage code now in place

A new Banking Code has now come into play that will result in banks having to take more actions to help those that are struggling with their debts and finances, as well as requiring banks to take other types of action to help customers. The new Banking Code applies to building societies as well as banks, [...]

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FSA states 1.4 million could face rising mortgage costs

Over recent months there has been much concern about homeowners that are currently on cheap fixed rate mortgages that are due to come to an end over the coming year. Many homeowners took out fixed rate loans when interest rates were much lower a couple of years ago, but since then interest rates have rocketed with [...]

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Falling Home Ownership In Brown’s Britain

Home ownership is on the decline in Britain. The percentage of people who own their own home has fallen to its lowest level in a decade, dropping below the 70%. The falling ownership figure is more confirmation that would-be first-time buyers are unable to join the property market as they would wish to. It also comes [...]

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Repossessions Set To Rise in 2008

Despite the recent fall in the Bank of England’s base rate, home repossessions are expected to hit a 12-year high this year. The number of homes expected to be taken away from their owners is forecast to reach 45,000 in 2008. The forecast also came in spite of figures showing that the 21% rise in repossessions [...]

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