Millions of homeowners are being caught in a ‘ never-ending mortgage trap’ and face still paying off the loan in their 60s and 70s, as they keep extending their homeloan’s term
This Is Money: On Your Roof For £1,500, B&Q’s Windmill
They have a wingspan of almost 6ft, hum in the breeze and could be landing soon on a rooftop near you – whether you like it or not
This Is Money: Water Firms Keep £1bn Leak Funds
Water companies have banked £1bn which should have been spent fixing leaks and upgrading the systemDEAL FINDER: Cut your water bills
This Is Money: Better Wages But Worse Off
Families’ disposable incomes have fallen this year thanks to the rising tide of tax, Government figures have confirmed
Scotsman: Remortgaging Is Driving Debt Into Retirement
HOMEOWNERS risk falling into a £35 billion “never-ending mortgage” trap by failing to stick to or reduce the term of their loans – meaning pensioners are retiring with mountains of debt.
Money Links For 28th Sep 2006
Links to other interesting money articles on 28th Sep 2006.
Motley Fool: Get A Mortgage With Bad Credit
If you wanted to borrow money in the old days and you had bad credit, you had to skulk off to some dark, sinister, pee-pee-soaked alley to find the villains who offered them, complete with their appalling small print and shocking interest rates.
Motley Fool: Why The Next Housing Crash Will Be Worse!
According to the Halifax House Price Index, UK house prices have risen every year since 1996, and 2006 looks like another positive year for property owners.
This Is Money: Maternity Pay Boost For Mums
Mothers of babies born next year will be entitled to an extra three months’ maternity pay under changes announced today
Motley Fool: My Ongoing Bank Charges Saga
From my last article on this subject, you will have assumed that my claim for bank charges was on the verge of victory. Unfortunately, I was jumping the gun a bit.