Articles in the Mortgages Category
A Million Pay Their Mortgage On Credit Cards
October 19th, 2007
One of the big personal finance stories of the week concerned a study by the charity Shelter, which suggested that over a million people in the UK have payed for their mortgage on their credit card in the past year. The survey questioned over a thousand people, of which 6% …
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Student Finance: More Reading
September 26th, 2007
If you’re interested in reading some more about student finance following my recent posts, The Telegraph has a couple of interesting articles looking at student money issues.
Firstly, Do Your Financial Homework As A Student looks at pretty much all aspects of money at university, including student bank …
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Good & Bad News From The Banks
September 13th, 2007
There’s been mixed news from the banks today which makes for some interesting reading.
Firstly, on the good side, if you’re a saver, savings rates have reached a massive 7% from some banks and building societies, with many having raised their interest rates on savings accounts in the last couple …
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Interest Rates: Now Highest For 6 Years
July 8th, 2007
You’re probably aware that interest rates have risen once again, up 0.25% to 5.75%. This is the highest rates have been since March 2001.
The graph below shows how rates have changed over the past 10 years:
I think one of the key things …
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“Sell & Rent Back Your Home” On The Increase
June 21st, 2007
According to the Financial Times, there’s a growing number of companies offering to buy your home off you and let you rent it back from them if you are in financial difficulties.
The companies target those who need to raise cash quickly, such as those who are about to be …
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Interest Rates Rise Again
May 10th, 2007
Interest rates have been put up again, rising a further 0.25% to 5.5%.
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Prepare For Another Interest Rate Rise
April 25th, 2007
As inflation is currently running above the government’s target, it’s more than likely that rates will go up again next month, probably by 0.25%, although there is an outside chance they will rise by 0.5%.
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We Don’t Trust Our Banks
April 17th, 2007
A recent survey by Fool.co.uk highlighted how we do not trust our banks with our money.
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How Are We Affected By Interest Rate Changes?
March 9th, 2007
Interest rates have been kept at 5.25% for this month, although there are still thoughts that rates will rise again in the next few months.
But how do interest rate changes affect the average person? I’ll explain in very simple terms:
When rates fall, there is less incentive for people to …
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Interest Rates Remain Stable
February 8th, 2007
The Bank of England has decided to keep interest rates at the same level (5.25%) this month, after last month’s surprise decision to raise the rates.
As I mentioned yesterday, many experts expert more rate rises before the summer, following the 3 previous 0.25% rises in the last 6 months.
Those …
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