Thrifty Loans

Fast action required from mortgage customers

A number of industry professionals have warned that fast action is required from consumers that are thinking of taking out a new mortgage or remortgaging to a better deal, as many of the most competitive deals are coming off the shelves remarkably quickly, which means that access for consumers is limited and they only have [...]

Continue reading...

Balance Transfer Caps Are Disappearing

The number of bargain balance transfers available for credit cards is shrinking. The number of capped fees has fallen by around two-thirds in the last 12 months. A year ago card customers could choose from 18 different cards, but now consumers have a choice of only seven from only five providers. Comparison website MoneyExpert.com warns that so-called [...]

Continue reading...

Stamp Duty Cost £6.5bn In 2007

In the last ten years homebuyers have had to pay £31.5bn in stamp duty, new figures have revealed. In 2007 alone, the stamp duty figure was £6.5bn. It equates to a 675% increase since Labour came to power, as in 1997-8 a mere £830m was paid in stamp duty. Part of the increase is down to changes [...]

Continue reading...

More US Rate Cuts Are Coming

As the Governor of the Bank of England, Mervyn King, says that people should not expect the level of base rates cuts that have been talked about for 2008, in the United States they are talking about further slashes in their interest rates. Federal Reserve chairman Ben Bernanke alluded to further interest rate cuts in the [...]

Continue reading...