Wednesday, February 10, 2010
UK home loans interest rates fall to new lows
The average interest rate charged on one of the deals dropped to 3.63pc from 3.92pc during the month, the lowest level since Bank of England records on the product began in 1997.
There was also an improvement in the cost of fixed rate mortgages, with two-year loans falling to an average of 3.97pc, a level last seen in July 2003, while the cost of a five-year deal dropped by 0.12pc to 5.55pc.
Competition in the mortgage market has been steadily improving since the beginning of the year, with more than 300 new mortgage products launched during January, while a flurry of lenders also cut their rates on existing deals.
Commentators said the move showed lenders were feeling increasingly optimistic about the housing market, following 12 months of rising house prices, while they were also more confident about pricing in risk.
This trend has continued into February, with Nationwide announcing that it was reducing the minimum deposit people needed to put down to qualify for its best rates from 40pc to 30pc on nearly half of its mortgage products.
Bank of England figures also showed that personal loan rates eased slightly during January.
The average interest charged on a £5,000 loan fell to 13.32pc after reaching a record high of 13.38pc in November, while the cost of a £10,000 loan dropped to an average of 10.91pc, down from 11.08pc the previous month.
But the cost of credit card borrowing continued to rise, increasing to 16.4pc in January, its highest level since July 2006.
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: Bank of England, falling interest rates, interest rates, UK loans rates
Monday, February 01, 2010
UK loans interest rates hit a 9 year peak
Experts said banks are increasing rates to recoup the losses stemming from defaults on loans.
Rising unemployment during the recession saw households struggling to meet the repayments on their debt.
The best rate currently available on a three year loan of £5,000 is almost 9 per cent – or nearly £160 – a month, according to personal finance website Moneyfacts.
It is in sharp contrast to rates of almost half that amount before the beginning of the credit crisis in 2007.
The rise comes despite the Bank of England keeping interest rates at a historic low of 0.5 per cent for the past year.
Rates were last at their current level nine years ago when the Bank Rate was a much higher 6 per cent, meaning banks have significantly increased their profit margins on personal loans.
The average rate today on a personal loan is even higher at 12.4 per cent.
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: credit crunch, loans, sub prime loans, UK loans rates
Friday, January 29, 2010
Britain may be out of recession at last – but are you?
Recovery can bring its own problems; for a start, rising demand tends to stoke inflation, which could prompt the Bank of England to raise interest rates – good news for savers, but not something that hard-pressed home owners would welcome.
So what are the prospects for our personal finances as the economic recovery takes hold?
With Britain borrowing record amounts of money, many expect public spending cuts or tax rises – or both – as the Government attempts to balance the books. Income tax could have to rise by as much as 5p in the Pound.
Commentators are divided on the likelihood that interest rates will rise from their current unprecedented lows. Official rates were unlikely to rise this year because a tough post-election Budget would equate to a significant interest rate rise.
But you don’t need the Bank of England to put up official rates for mortgage costs to rise. Lenders are by and large able to change their standard variable rates at will, while Skipton Building Society recently abandoned a pledge to keep its SVR within three percentage points of Bank Rate.
Higher interest rates might seem like good news for savers, who would finally see better returns on their money. But if inflation rose faster than interest rates, pensioners’ and savers’ incomes would not keep up with increasing household bills. Rising rates also means higher mortgage rates, which will put further pressure on many households’ incomes.
While you would expect the end of a recession to be good news for the stock market, it’s worth bearing in mind that markets generally look ahead, so much of the good news will already be “in the price”. So instead of simply expecting the FTSE100 to soar, investors may have to be selective if they want to profit, experts say
An immediate improvement in employment prospects is unlikely, experts say. Jobs will remain hard to find, with employers likely to remain nervous about hiring when the economic recovery is still sluggish. In fact, we expect unemployment to start rising again and it could even reach 3m.
Even if employment holds up, that is only likely to be because firms are controlling costs by cutting or freezing pay instead. For many people, it will still feel very much like a recession.
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: consolidate debt loans, credit crunch, home loans, sub prime loans, UK loans rates, uk recession
Tuesday, January 19, 2010
Credit card lenders battle new lending rules
Government proposals include stopping card firms changing interest rates on existing debts and ensuring the most expensive debts are paid off first.
But now a trade body, the UK Cards Association, has claimed that the changes would push more people into financial difficulty.
There are 30 million UK credit card customers holding 66 million cards.
The industry said that 62% of all UK adults had at least one credit card, but borrowing on these cards had been in "gentle decline" since 2005.
Despite greater caution from lenders about who gets a card, the government is keen to outlaw certain practices that it regarded as unfair and has challenged the industry to "clean up its act".
It invited responses to proposals, published in October, which included:
* changing the order of priority for credit card repayments, so that the most expensive debts, such as cash advances, are paid off first
* increasing the minimum amount that must be paid off each month to accelerate the overall rate of repayment
* banning the practice of raising borrowers' credit limits without their consent
* restricting or banning increases in interest rates on debts already incurred.
The plans follow other limits on credit card practices brought in during 2009, aimed at bringing more transparency for customers.
But the latest proposals have brought a strident response from the industry, which claimed in a 230-page report that customers would not benefit from some of the planned changes.
"These options would reduce competition within the industry," said Melanie Johnson, a former Labour MP who chairs the UK Cards Association.
"They would also have far reaching consequences for customers and lenders alike and would change the basic 'deal' offered by lenders to their customers and lead to increased financial difficulties for many and to more defaults."
Labels: consolidate debt loans, credit crunch, Loan calculator, UK loans rates
Thursday, January 14, 2010
Inaccurate data files restricts borrowers access to credit
The ICO is urging people in the UK to check their file so the information accessed by lenders is accurate.
Banks, shops and catalogue companies all use these files to decide whether to offer credit to customers.
Information should be corrected by the organisation that provided it to the credit reference agency.
"Many of us will be relying on credit to get us through 2010," said David Smith, deputy commissioner at the ICO.
"Out of date or wrong information in your credit file might not only stop you getting the credit you need but could have further damaging or embarrassing consequences.
"By checking your credit file regularly you can spot anything that is wrong and act swiftly to correct it."
Individuals have the right, under the Data Protection Act, to look at their credit file. The ICO has produced a new guide that runs through how to access these files.
Labels: Aussie loans rates, credit crunch, home loans, Loan calculator, sub prime loans, UK loans rates
Tuesday, January 12, 2010
Christmas takes three months to pay off on average
Credit card holders are taking an average of 90 days to pay off the debt they built up over Christmas, more than a month longer than a decade ago, according to the findings by the over 50s group Saga.
Paul Green, a spokesman for Saga Group, said: “It is a shocking indictment of the nation’s economy that so many people are left struggling to cope with so much debt.”
Credit card holders took 33 days less to pay off their debts, or just 57 days in 1999, it said.
Younger people are less debt savvy with one in five under 50s saying they were still paying off debts incurred from Christmas 2008. But those over 50 are much wiser users of credit with a third of card holders planning to clear their balance immediately.
The reliance on credit cards to cover the costs of Christmas comes after savers saw their rates of return plummet last year. It means almost all higher rate taxpayers now miss out on a return on their savings once tax and inflation is taken into account.
Just 13 per cent of people dipped into their savings to help fund Christmas last year, compared to 31 per cent 10 years ago, Saga said.
Labels: Aussie loans rates, consolidate debt loans, credit crunch, recession, UK loans rates
Wednesday, January 06, 2010
Beware credit card quick fixes
Constantly bombarded with teaser rates and unsolicited junk mail offering huge lines of credit, perhaps you have more than enoughcredit cards and less than enough money to meet the financial obligation of paying these cards each month.
In Britain, we have become a society that loves to use credit for everything, and many of us have been living outside of our means for awhile now. Credit card companies use predatory tactics to lure consumers into thinking they are getting a great deal on their next new credit card by offering teaser rates that usually start out at zero percent or one percent, and then quickly balloon up to fifteen percent or higher once the introductory period of several months have passed.
This amounts to outrageous interest charges and in many cases, the minimum monthly payment that most consumers make on their credit cards does not include any of the principle balance owed, but is just interest.
With debt consolidation, you can pay off all of your existing debts at once, including your credit cards. You can also include personal loans, department store charge cards, gasoline cards, automobile loans, and private student loans.
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: consolidate debt loans, credit crunch, Loan calculator, loans, loans rates, sub prime loans, UK loans rates
Tuesday, December 29, 2009
Personal loans rationed as costs rise
The average rate of a best buy £5,000 loan has risen by 1.54 per cent since the beginning of the year to 10.78 per cent despite interest rates remaining at just 0.5 per cent.
Research also revealed that eight out of nine high street lenders have restricted their loan offerings to existing customers, typically those who hold a current account .
While the number of people searching for a loan using its services has increased by 20 per cent since the end of last year, figures from the British Bankers’ Association showed that borrowing through personal loans has dropped by 28 per cent over the same period.
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: interest rates, Loan calculator, loans rates, UK loans rates
Thursday, December 24, 2009
Cost of UK loans close to Italy debt interest rates
The yield on 10 year gilts rocketed yesterday to 3.97pc, 46 basis points higher than costs on French bonds.
Britain and France were neck and neck as recently as last month, before Labour’s pre-Budget report raised deep concerns among Chinese, Arab, and Russian investors about the credibility of British state.
But what has caught market attention is the narrowing gap with Italian bonds, once mocked as the symbol of an ill-governed nation in thrall to the Dolce Vita.
Yields on 10-Italian treasuries have been hovering just above 4pc despite the eurozone’s Greek crisis, dropping as low as 3.98pc earlier this week.
Britain is vulnerable to a “gilts strike” because foreign investors own £217bn of UK debt, or 28pc of the total. These are footloose funds and likely to sell large holdings if Britain loses its AAA rating.
They have other tempting places to park their money, such as Turkey, Brazil, or India, where demography is healthy and growth prospects are better. Chile has already undercut British debt yields on some maturities.
Italy has its own problems, of course. Public debt was much higher before the crisis began. The IMF expects it to reach 120pc of GDP next year. However, this debt is mostly owned by high-saving Italians, who are less fickle than foreign funds.
For Italy, this may just be the calm before the storm. Markets assume that Germany will ultimately bail out Greece if necessary, preventing contagion to the rest of the Club Med bloc.
This is a questionable judgement. Volker Wissing, head of the finance committee of the German Bundestag, said it must be made explicit that “Germany will not take responsibility for Greek debts”.
Labels: consolidate debt loans, credit crunch, interest rates, labour liars, refinancing rates, sub prime loans, UK loans rates
Friday, December 18, 2009
Students loans let down by new labour spin
As Student loans were meant to linked to inflation, and this principle is not been followed, those students who took the loan out after 1998 are now out of pocket as their purchasing power is dilapidated.
The monthly payments for Students will remain at the same rate, as borrowers are required to pay back nine percent of their earnings over £15,000; so as the interest rate has been reduced to zero, the balance will reduce at a greater rate.
It is worth noting that by applying deflationary rates to the balances of Student Loans, students taking out new loans would see the balances automatically reduced and the tax payer would have to fund this.
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: consolidate debt loans, Loan calculator, sub prime loans, UK loans rates
Thursday, December 17, 2009
Sainsburys Bank increases it's UK loans market focus
Labels: credit crunch, home loans, UK loans rates, uk recession
Wednesday, December 09, 2009
Half of borrowers rely on high cost loans to survive
The figures come just a fortnight before Christmas, when consumers traditionally face a sharp rise in their outgoings – and it paves the way for borrowers to wake up with a financial hangover in the New Year.
The report highlighted where credit can be “damaging” when borrowers overstretch themselves and are left unable to repay the amount that they have borrowed.
It found 52 per cent are dependent on door step lending – which tends to focus on short-term, high cost loans. The interest rates found on these types of loan is typically higher than 50 per cent, but can extend to beyond 500 per cent.
And a quarter of these borrowers use the loans on a continuous basis to cope with their financial difficulties amid the recession.
Door step lending sees lenders offer unsecured loans– typically in the region of £300, which is repaid in installments to an agent who calls at the borrower’s home on a weekly basis.
As many as 26 per cent depend on credit cards while a further 19 per cent rely on store cards, according to the OFT’s report into high cost credit.
It suggested the total amount of credit was £228 billion in August 2008, reaching £230 billion in June 2009, before falling slightly in July and August to £229.5 billion.
The report suggested: “Consumers have reduced their expenditure and worked to rein in borrowing to protect themselves against the effects of the recession. It is clear however, that there is still a reasonable appetite for credit.”
Labels: credit crunch, loans rates, recession, sub prime loans, UK loans rates
Monday, December 07, 2009
Loans comparison websites can be misleading
They warn that families who rely on these websites could miss out on hundreds of pounds on the best credit card and loans deals.
Price comparison websites have increased in popularity during the recession as consumers use them to hunt down the best possible deals, with over 22 million people using one of these sites in the last three month.
However, many consumers do not realise that comparison sites make their money by earning a commission every time a consumer "clicks through" to a financial service provider's website to apply for a bank account, loan or insurance product.
On average the commission equates to about £40 for an insurance deal, with it rising to £150 on the most profitable loans. Some price comparison sites only list a selection of deals, excluding those companies that will not pay a commission.
The majority of sites attempt to list all providers, regardless of whether they pay a commission, but do not display the commission-free deals on their home page, or they make it quite difficult to find the commission-free deals.
Because most of the sites refuse to list deals that will not pay a fee on their home page it is very difficult for consumers to see the best possible deals.
For instance, one of the highest rates available on an easy access savings account with a £10,000 minimum deposit is The Ulster Bank's Pathway account, paying 3.6 per cent for the first six months.
However, it is not listed on the first page of Moneysupermarket.com's easy access accounts or uSwitch's initial search results for instant access accounts.
The deal is on both of these comparison sites, but consumers need to unclick the "accounts available on uSwitch" before it appears and users need to exit the "best sellers page" on moneysupermarket and conduct a full search. Even after doing that, users need to scroll down past the "sponsored products" to the "full results" to see it.
The Financial Services Authority has given comparison websites a clean bill of health, but the Office of Fair Trading earlier this year started an investigation to ascertain whether consumers were being misled.
It is understood that the OFT has concerns that the sites too often skew certain aspects of a deal – such as high excess amounts on insurance deals – in order to present some products in the most appealing light.
Labels: credit crunch, Loan calculator, loans, loans rates, sub prime loans, UK loans rates
Thursday, December 03, 2009
Bank customers prefer bounce payments rather than be overdrawn
Around 46pc of people said they would prefer banks not to process payments if doing so took them into the red or breached their agreed overdraft limit, according to consumer group Which?.
Only 38pc of people said they would prefer banks to honour the payment and charge them.
The research comes after the Supreme Court ruled last week that unauthorised overdraft charges were not subject to regulation by the Office of Fair Trading under unfair contract rules.
The ruling means there is little hope that the millions of people who have paid the charges will be given refunds.
Which? called on the banks to make unauthorised overdrafts an optional service and to make their charges fairer.
Phil Jones, Which? personal finance campaigner, said: "Different people use their current accounts in different ways so banks shouldn't adopt a one size fits all approach to overdraft charges.
Many current account holders are effectively being lent money that they haven't asked for and being charged through the nose for it.
"Such an expensive service shouldn't be forced on people who don't want it as it can easily lead to financial difficulty. We want banks to show they're willing to respond to what their customers want by only making unauthorised overdrafts available to those who ask for them."
Customers who go into unauthorised overdraft or breach their agreed limit can be charged as much as £35 or more for a single bounced payment. Campaigners claim the actual cost to the banks could be as little as £2.50.
The charges generate around £2.6bn of revenue a year for banks and are used to subsidise free banking for other consumers.
But there could be problems with Which?'s idea that payments could be blocked, as certain payments, such as cheques which have been guaranteed with a cheque guarantee card, have to be honoured by banks.
The British Bankers' Association also pointed out that by blocking payments, banks may simply be creating problems down the line for consumers.
For example, if a direct debit payment to a utility company was blocked, the utility company would then take action against the consumer.
Labels: consolidate debt loans, Loan calculator, sub prime loans, UK loans rates
Thursday, November 26, 2009
Overdraft charges- consumers back Supreme Court ruling
The Supreme Court ruled yesterday that the charges are not subject to regulation by the Office of Fair Trading (OFT) under unfair contract rules.
The ruling means that millions of people who have paid the charges will not be entitled to refunds, but it also lifts the threat against free banking.
Industry commentators had warned that if the banks lost the lucrative income stream from the charges they would look for other ways to recoup it, such as through imposing a flat monthly fee on current account customers or charging for every transaction.
A survey of 3,500 people following the court's decision found that 51pc of people thought the current charging system was fair, saying they objected to subsidising people who could not manage their money. A further 5pc said someone had to pay for free banking in Britain.
But 20pc of people said they thought the charges were too high and penalised the poorest households most, while 24pc thought people were being ripped off by the banks.
Customers who go into unauthorised overdraft or breach their agreed limit can be charged as much as £35 or more for a single bounced payment. Campaigners claim the actual cost to the banks could be as little as £2.50. The charges generate around £2.6bn of revenue a year for banks, and are used to subsidise free banking for other consumers.
The High Court test case was bought by the OFT and seven banks and a building society after thousands of consumers started to reclaim the charges. More than 1m claims were put on hold until the outcome of the case was known.
Consumer group Which? said people were now unlikely to get the charges refunded and it warned them against using claims handling firms who say they could still get them their money back.
Labels: home loans, interest rates, loans rates, UK loans rates
Monday, November 23, 2009
Loans- choosing a debt consolidation loan
When a borrower gets behind on their loan payments, credit card payments, or other bills, what follows is never pretty. It seems that a constant and persistent stream of calls from creditors becomes very intrusive and can be very stressful. To make matters worse, interest charges continue to accumulate on the bills that you have due, or your accounts are subject to late payment penalties or other charges.
For more information on debt consolidation loans, please click here now
The process of receiving your finance is a streamlined and expedient one in most instances. Many borrowers are happy to find that within just a week or so, they have completed the loan application process and received funding to get a fresh start.
Your finance can be secured or unsecured, and the type that you take can have a big impact on the amount of interest that you will be charged for the life of your loan. The secured debt consolidation loan (collateral required) is the cheaper of the two types of loans for borrowers with all types of credit. The unsecured debt consolidation loan (no collateral is required) is more expensive in terms of interest.
The secured debt consolidation loan is usually the best choice for homeowners who want to save money on interest charges. The unsecured debt consolidation loan is the ideal loan instrument for those borrowers who do not wish to risk their assets to secure funding for the loan, or for those who do not own their own home or other asset of value.
Labels: consolidate debt loans, credit crunch, home loans, Loan calculator, loans, sub prime loans, UK loans rates
Friday, November 20, 2009
Banks are charging sneaky fees claims Which?
It claims the rate on authorised overdrafts is at its highest level since records began in the mid-1990s.
According to the latest Bank of England statistics, the average overdraft rate is 18.96%, although many of the big banks can charge considerably more.
Which? says that the rate for unauthorised overdrafts has fallen owing to a major court case.
It has accused banks of raising the rate on authorised overdrafts to make up the difference.
"It is like a balloon," says Phil Jones, of Which?. "When you push in one part, it comes out in another."
"So we see that the banks are consistently taking sneaky ways to make money out of people."
Many banks have reduced the rates on unauthorised overdrafts.
On 1 October, the Royal Bank of Scotland cut its charges. On 1 December, the Halifax will restructure the way it charges customers, which will benefit some people with an overdraft.
In relation to high rates on authorised overdrafts, the industry argues that its own costs remain stubbornly high.
The British Bankers' Association (BBA), which represents the banks, is reminding everyone that the cost of borrowing no longer tracks the Bank rate as it once did.
Instead banks have to borrow money on the more expensive wholesale market. The risk of borrowers defaulting is also higher than it was.
Labels: Bank of England, UK loans rates, uk recession
Wednesday, November 18, 2009
Loans comparison websites failing to win over consumers
Only three out of 10 people said they trusted the sites, which give quotes on products such as insurance, credit cards and mortgages, to find the best price available for them, according to Which? Money.
Two thirds of those questioned also thought they would be presented with the products that would make the websites the most money through commission. One in four people said they did not go on to buy through the sites because they had been able to find a cheaper quote themselves.
Overall, the survey found that none of the comparison sites scored a customer satisfaction rating of more than 50 per cent, lower than for any other financial product or service the group looks at.
Labels: Loan calculator, loans, loans rates, UK loans rates
Monday, November 16, 2009
Store cards charge up to 31 per cent APR claims new research
The research by consumer group Which? criticized both the “unnecessarily high” rates of interest and the easy access to store cards.
Its study suggested an indebted graduate was able to secure almost £3,000 of debt from half a dozen stores, despite earnings of less than £1,000 this year.
Store cards usually offer lower credit limits than traditional credit cards, but come with very high interest rates. And, unlike credit cards, which are given out by banks and their staff, they are handed out by retail staff in high street stores.
There are almost 15 million store cards in circulation, with around £3 billion worth of transactions made on them, according to the Finance and Leasing Association.
It called for tighter checks on customers, saying retailers should share relevant details and work more closely with credit-reference agencies to ensure they know their customer before they agree to lend to them.
Labels: home loans, Loan calculator, loans, loans rates, UK loans rates
Thursday, November 12, 2009
Fixed rate home loans- best choices
To track or to fix, that is the question. Unfortunately it's a mortgage question without a clear cut answer. It's hardly surprising tracker mortgages are proving popular with borrowers right now when the rates on the most competitive deals do look very attractive indeed.
Take the Woolwich for example. Its 1 Year Step Lifetime Tracker deal currently offers an astonishingly low rate of 1.98% (Barclays bank base rate/BBBR + 1.48% for one year, then BBBR + 2.49% for the term) for borrowers with a 40% deposit or equity stake in their home.
Even though you're tied in with an early repayment charge (ERC) which extends way beyond the introductory period, (2% of the balance repaid until 31 January 2013) I can see why this deal might catch your eye.
But with trackers comes uncertainty. In the Woolwich's case, the deal is pegged to the Barclays bank base rate, but who can say how that rate might change in the future? And while I agree with Christina that interest rates will remain low in the short-term, will they stay that way until the end of the tie-in period in 2013? I'm not so sure.
Of course, there are plenty of other good tracker deals without extended ERCs. Northern Rock, for example, offers a tracker deal with a current rate of 2.59% (bank base rate + 2.09%) until 1 January 2012. But then again, if the base rate starts climbing fast before the introductory period is over, you could get stung, especially if you're budget is already pushed to the brink.
Unfortunately, while tracker mortgages have become much cheaper since the base rate has dropped to an all time low, fixed rate mortgages really aren't a million miles away from where they were prior to the financial crisis. According to lovemoney.com partner Moneyfacts, the average two year fixed rate mortgage is currently 5.06%, while average two year tracker rate is 3.76%.
The fact is, even if you meet the criteria for the most competitive one or two year fixed rate deals, you'll still find the rates easily exceed 3%. And the longer you want to fix, the higher the rates will be.
Lately, Northern Rock has stirred up competition in the fixed rate mortgage market with the recent launch of a new four and five year fixed rate deal. The four year deal offers borrowers a rate of 4.79%. The product fee is reasonable at £595 for purchases or £995 for remortgages, and the ERCs don't extend beyond the introductory period. But you'll need a deposit or equity stake of at least 30% to qualify.
Labels: home loans, loans rates, UK loans rates
Tuesday, November 10, 2009
Credit- how to make an application- without damaging your history
If you've ever been turned down for a credit card or other financial product you've no doubt felt frustrated, confused or just plain annoyed - why on earth were you turned down?
Since the credit crunch lenders have become pickier about whom they will lend money too, applying increasingly stringent criteria. And as we all know, a good deal of their information is obtained from credit agencies - companies that hold details of our financial dealings.
Whenever we apply for a financial product, the lender involved carries out a credit search (which essentially gives them an idea of how likely they are to get their money back).
However, these searches leave so-called "hard footprints" on your credit record. When you come to apply for credit again, future lenders can see if you've been turned down in the past - and on the strength of this decide to offer you a more expensive deal than the one you've applied for, if indeed they make you an offer at all.
And too many failed applications in a short space of time can create a cluster of hard footprints which could scare future lenders off as you look desperate for credit. Yikes.
But that may be about to change. Barclaycard has launched an innovative "Credit Pre-application Check" which claims to tell us within one minute whether we would be accepted by the company for credit.
And the best bit is it won't leave a hard footprint on your credit record (instead it leaves only a "search footprint" that shows your information has been accessed). So you should be able to see how likely you are to be approved a Barclaycard credit card, whilst not affecting your ability to get credit in the future.
So what does the check entail? Well I took a look at the site and discovered that after entering your personal details you must then enter your employment status, pre-tax earnings, whether you're a Barclays' customer and how you intend to use the card (whether it's for a balance transfer, to make purchases or to earn rewards on purchases).
Enter the details, click "submit" and you should receive a result within seconds.
Depending on the type of card you're interested in, Barclaycard will tell you the percentage likelihood of you being accepted, should you choose to apply for it.
Labels: credit crunch, UK loans rates, uk recession
Monday, November 09, 2009
Bad credit card loans will soar
"Bad debts in the sector have reached historic highs," according to PricewaterhouseCoopers (PwC). The figure stands at about 6% now.
This comes despite a "cooling passion" for credit cards, with borrowing down 3% to £64bn in the past year. The number of credit cards in circulation has fallen by 8%, it said.
The past year has been a "tipping point" for the willingness of people to take on more unsecured debt, PwC said in the latest edition of its annual report "Precious Plastic".
Total consumer debt including mortgages stayed the same at just under £1.5 trillion.
Within that, unsecured lending via credit cards, bank loans and hire purchase agreements was largely unchanged at £230bn.
But the stock of debt outstanding just on credit cards fell.
PwC pointed out that this new declining trend reflected not only consumer choice, but the decision of card companies to restrict new lending to customers who are more creditworthy.
"The recent announcement by one major issuer that they would not generally seek to acquire new credit card customers without those same customers also holding a current account with them is in stark contrast to the time when credit card issuers accounted for one in every four pieces of junk mail that made it through our letterboxes," PwC said.
The accountancy firm forecast that as bad debts rose, the borrowing rates on cards would also go up, and monthly or annual fees would become a standard feature as lenders sought to increase their revenue.
"At the higher end of the market customers will pay for access to premium benefits and at the lower end more marginal customers will be expected to pay for even a standard credit card," the firm said.
PwC's report warned that while UK consumers were now borrowing less than before the financial crisis, debt levels in the UK remained high compared with the rest of Europe.
Each UK household has total average debt of about £60,000, made up of about £50,000 of secured debt and £10,000 of unsecured debt, PwC said.
Labels: credit crunch, home loans, loans, UK loans rates
Friday, November 06, 2009
Bank of England prints another £25 billion
Yesterday UK manufacturing rose 1.7% above expectations and Industrial Production climbed- again supportive of the sentiment that the worst is behind us.
Labels: Bank of England, interest rates, Quantitative Easing, UK loans rates
Thursday, November 05, 2009
Bank of England prints another £25bn in quantitative easing
The move to increase “quantitative easing” – creating money in order to boost spending – from the existing £175bn used had been widely expected by economists after official figures suggested the UK remained mired in recession in the third quarter.
However, the addition of a further £25bn to the programme, which is likely to be used mostly to buy government debt, signals a slowing down in the pace of the Bank’s pace of monetary easing. In August the Bank had opted to expand the programme by £50bn, which has been used up over the last three months.
The additional £25bn in quantitative easing will take the total programme undertaken by the Bank to £200bn. The new money will be spent over the next three months.
The MPC said that the world economy had “shown signs of recovery” and that asset prices had risen internationally, “reflecting both the gradual improvement in the economic climate and accommodative monetary policies.”
In the UK, it said that although the third quarter had registered a continued contraction in the economy “a number of indicators of spending and confidence, however, suggest that a pickup in economic activity may soon be evident.”
Labels: Bank of England, credit crunch, loans, Quantitative Easing, UK loans rates, uk recession
Friday, October 30, 2009
Lender to repay 46,000 borrowers
The FSA said the company levied unfair charges on borrowers who fell behind with their repayments and was too eager to repossess them.
GMAC-RFC apologised and admitted some its charges had been excessive.
"In hindsight, we fully accept that for certain fees our estimates of the costs were not proportionate to the additional administration actually required," said a spokesman for the lender. "We will be writing to customers who incurred these specific charges when in arrears and will re-credit the charges plus interest," he added.
After setting up as a mortgage business in the UK in 1998, GMAC-RFC grew rapidly to become one of the UK's largest mortgage lenders, but it stopped making new loans last year.
The FSA's investigation of the company's lending practices between October 2004 and October 2008 found that:
• charges for dealing with people in arrears were "excessive and unfair"
• repossession proceedings were started before all other alternatives had been considered
• GMAC staff were not properly trained in dealing with arrears cases and repossessions.
Another three lenders are being investigated by the FSA over similar failings.
The consumers association Which? demanded they be identified.
"Instead of treating its customers in arrears fairly, GMAC decided to pile on the misery by squeezing more money out of them and, in some cases, taking their homes," said Which? personal finance campaigner, Dominic Lindley.
"This raises serious questions about the amount of time the enforcement process has taken, given that the FSA has known about these problems since mid 2008."
The fine is the largest yet to be levied by the FSA on a mortgage lender and the regulator warned that more may be in the pipeline.
"Mortgage lenders and third party administrators should read this final notice and the mortgage market review and take action in the interests of their customers," said Margaret Cole, director of enforcement and financial crime for the FSA.
In August the regulator was accused by MPs on the Treasury select committee of being "too leisurely" in enforcing the rules over how lenders should treat their borrowers.
The MPs said that the practice of loading extra fees on those in arrears was "intolerable" and said the FSA should stop lenders using repossession as a first, rather than last, resort.
Separately, the FSA revealed that financial services firms had received 1,510,000 complaints from the public between January and the end of June 2009, a 2% increase from the previous six months.
More complaints about the mis-selling of payment protection insurance drove up complaints about general insurance and "pure protection" policies by 19% to 334,443.
There were 208,000 complaints about misleading advice - a 19% increase.
But the proportion of complaints upheld by the firms dropped from 40 % to 38%, mainly due to more complaints being rejected by banks.
Labels: credit crunch, home loans, UK loans rates
Thursday, October 29, 2009
UK house prices rise for fifth month in a row
The data from the Land Registry's House Price Index shows an annual drop of 5.6pc, taking the average house price in England and Wales to £158,377. But this is the fifth month in a row that the annual rate of decline has eased.
All regions experienced a decrease in their average property values over the last 12 months. The region with the most significant annual price fall was the North East with a movement of -8.2pc.
The most up-to-date figures available show that during July 2009 the number of completed house sales in England and Wales rose by 9pc to 57,579, up from 52,628 in July 2008. Monthly sales in England and Wales have risen steadily each month since January 2009 when they stood at 26,662.
London experienced the greatest monthly price rise, rising 1.3pc, with the average property price in the capital now £314,954.
London and the South East are the two regions most responsible for the positive growth experienced by England and Wales as a whole. Wales was the region with the most significant monthly price fall with a movement of minus 2.6 pc.
The number of sales averaged 48,109 per month from April 2009 to July 2009. In the same time period the year before, transaction volumes averaged 59,677 per month.
Labels: home loans, UK loans rates, uk recession
Wednesday, October 28, 2009
Credit cards- the UK system discourages shopping around
As part of their investigation into the issue the Treasury Select Committee was told that people who made several attempts to get a deal for a loan or credit card could hurt their credit score.
Banks and building societies are increasingly using so-called risk-based pricing, whereby rates are tailored to an individual borrower's circumstances.
But this means the consumer will find out what the price is only after a credit check has been completed. Each search could be logged on a person's credit file, potentially giving other lenders the impression they have applied for many products and been rejected.
Representatives from the industry said the record of multiple loan applications – rather than just successful deals – enabled firms to flag up issues such as high indebtedness or fraud.
But Martin Lewis, of MoneySavingExpert.com, told the panel that some consumers were forced into making several applications after finding they were not eligible for lenders' advertised rates.
He submitted case studies to the committee which included a consumer who said they had applied for a loan at a rate of 9pc but were actually offered one for 30pc. This, he argued, contributed to customers declining to take up one loan and applying for others, but by doing so he said their credit rating might be affected.
"The system is designed to stop shopping around at the detriment of consumer choice," he said.
The committee heard from industry members that legislation requires lenders to advertise an APR rate that 66pc of those taking up the deal will be able to receive.
The remaining customers – a third of those taking up the loan – were potentially paying a higher rate.
Not all lenders use the sorts of checks that would show up on a credit report. Nationwide for example has a policy of using only the softer touch surveys, while Barclaycard enables people to find out if they would qualify for one of its cards without having to make a full application.
Labels: credit crunch, loans, loans rates, UK loans rates
Tuesday, October 27, 2009
Northern Rock home loans are best buy after rate cuts
The group is reducing the interest charged on 14 of its mortgages by up to 0.64 of a percentage point, leaving it with three market-leading deals.
It now has the top two-year fixed-rate mortgage on offer with a rate of 3.65pc for people with a 30pc deposit who pay a £595 fee, as well as a best buy two-year tracker of 2.69pc with the same terms.
The group is also offering a rate of 4.99pc on its five-year fixed rate mortgage, equalling the current market leading rate offered by Newcastle Building Society.
The Newcastle deal is available to borrowers with a deposit of only 25pc, while Northern Rock demands 30pc, but it has a lower arrangement fee at £595, compared with Newcastle's £994.
Northern Rock also today launched eight new mortgages for people borrowing up to 80pc of their home's value.
The taxpayers-owned group has to operate its mortgage range within the constraints of its self-imposed competitive framework, under which it is limited to writing 2.5pc of new mortgage lending.
But unlike the savings market, where it is not allowed to offer best buy rates according to the Moneyfacts charts, there is no similar constraint on its mortgage deals. It pledged earlier this year to advance up to £4bn through mortgage lending during 2009 and up to £10 billion in 2010.
The latest round of rate cuts by Northern Rock is a further sign that competition is returning to the mortgage market. Abbey, part of Spanish banking giant Santander, has reduced rates on a number of its fixed rate and tracker deals by up to 0.3 of a percentage point.
A flurry of major lenders, including Nationwide, Barclays-owned Woolwich, and Cheltenham & Gloucester, which is part of Lloyds Banking Group, have all cut their rates at least once this month.
Labels: home loans, UK loans rates, uk recession
Saturday, October 17, 2009
UK house prices to fall 10pc in 2010
Rising unemployment and a failure of mortgage lenders to offer cheap home loans will mean property will stay unaffordable for too many consumers, forcing prices down in a "second wave of house price falls".
Capital Economics is predicting that house prices will fall by 10 per cent next year and 5 per cent the following year, taking the average price from £163,500 – on the Halifax house price index – to below £139,000 by the end of 2011.
The prediction implies that house prices will, having recovered in recent months, fall to below their trough back in April, when they hit a low of £154,500.
Capital Economics, which has a history of being bearish on house prices, admits it is being pessimistic, but warns that there was a downside to a rapid recovery in the economy. "While we may be underestimating the potential for an economic recovery, stronger growth would be accompanied by higher interest rates. That would only add to the pressure for lower house prices," it said.
Its pessimistic outlook on house prices follows two weeks after the ratings agency Fitch predicted house prices had a further 17 per cent to fall. Fitch argued that prices, despite their fall from the peak of the summer of 2007 when they hit £199,000, were still too expensive, when compared with the average earnings of British workers.
The severe shortage of houses on the market – as cautious owners hold back from selling at depressed prices – has caused a strong recovery in recent months.
In some areas such as Oxfordshire and London estate agents have even reported a return of gazumping, the practice of home buyers outbidding each other, even when the offer price has been accepted.
Capital Economics said this recovery was unsustainable, with the likelihood of severe job cuts in the public sector looming. Most economists, even the most optimistic, believe that unemployment is likely to climb from 2.47 million to close to 3 million next year, forcing many people to sell their houses.
Labels: credit crunch, home loans, refinancing rates, UK loans rates, uk recession
Thursday, October 15, 2009
Buying a London home needs £93,000 wage
The research by the National Housing Federation, which represents 1,200 housing associations, puts the average house price in London at £362,000.
A single buyer would require the near-six-figure income to get a 90% home loan at 3.5 times their salary.
The average wage in London is £26,000, while overcrowding rates are 2.5 times the national rate, the report said.
The Housing Federation's Belinda Porich said: "Even by London standards, these are astronomical prices and many people - especially young, first time buyers - can only dream of owning a home.
The report claims 353,000 families are currently on social housing waiting lists, while more families became homeless last year than new homes were built.
Nearly 7% of houses in London are overcrowded, the authors added.
Labels: home loans, inflation, interest rates, mortgage calculator, UK loans rates
Wednesday, October 14, 2009
UK banks are ripping us off
Last week, the British Bankers Association - a trade body for banks, funnily enough - published a factsheet called Your Mortgage and the Markets explaining why, although it may seem like banks are profiting hugely by pricing their mortgages much higher than they need to, actually they're not.
It is the second time lenders have been forced to defind how they price their mortgages, after a similar publication from a second trade body, the Council of Mortgage Lenders, a couple of months ago.
I'm not surprised that they feel they have to explain themselves.
Cast your mind back a year or so ago to when Bank Base Rate first started falling to its current record low. Lenders would pull their entire range of trackers before a Base Rate decision, only to release a new, slightly more expensive range, a few days later - when it was actually cheaper for them to borrow money from the Bank of England!
The explanation? Banks don't just borrow funds from the Bank of England. They borrow from each other. And actually, nowadays, the banks were quick to explain, it is the LIBOR rate (the rate at which banks lend to each other) that is the crucial factor in determining the interest rates of loans and mortgages. And as that wasn't moving, tracker rates wouldn't.
Now of course LIBOR has fallen as well, so that it is barely any higher than the Base Rate, and surprise surprise, the banks have changed their tune.
The banks argue that the Bank Base Rate, LIBOR and swap rates (traditionally the mechanism by which lenders secured cash for fixed rate mortgages) are no longer indicators - the rates offered to savers are apparently a better guide.
This is because, they say, with the wholesale and securitisation markets effectively closed, banks are forced to rely on raising money through savings accounts, which is a pretty expensive method at the best of times. Add in the fact that all banks are in the same boat, competing for the same savings business, and you can see why costs might start to creep up.
But that doesn't mean you can simply dismiss things like LIBOR and swap rates as indicators of where mortgage pricing should be. They may not be the be all and end all, but they remain very important factors.
And they also shine the light on just how big a cut the banks are taking at the moment, a fact brilliantly outlined by some research from lovemoney.com partner, Moneyfacts.
Let's start with the average two year mortgage - forever and a day the favourite mortgage of Brits. In September 2007, for a 75% loan-to-value mortgage, the average rate was about 0.18 percentage points above swap rates. A year later, that margin had increased to 0.7 percentage points.
Today, it stands at an extraordinary 2.79 percentage points above the swap rates.
The position is even worse with high loan-to-value mortgages. With a 90% mortgage, in September 2007, that margin stood at just 0.02 percentage points. By last September it had reached 1.34 percentage points. And last month it stood at a whopping 4.25 percentage points above swap rates. So they're typically making more than 212 times as much profit on the funds they borrow using swap rates, than they were just two years ago!
No wonder the banks want us to ignore swap rates!
Labels: Bank of England, credit crunch, interest rates, Loan calculator, UK loans rates, uk recession
Monday, October 12, 2009
Loans rates to stay low until 2014
The cost of borrowing is to remain at its record low of 0.5pc until at least 2011 and remain below 2pc until 2014, according to a study by the Centre for Economics and Business Research (CEBR).
A weaker pound - slumping to just 1.40 US dollars and possibly falling below parity with the euro - is also expected.
The CEBR predicts the next government will have to engineer around £100 billion in tax rises and spending cuts to deal with the country's deficit.
Political parties are already vying to explain how they plan to address the dire public finances after next year's general election.
The report forecasts that should the Conservatives win power this will mean £20 billion in extra taxes with an £80 billion reduction in spending.
A future government will have to wrestle the budget deficit down to £50 billion by the 2014/15 financial year, a tough challenge as the CEBR also warns that the deficit will be £143 billion in that year without action.
The report also predicts the Bank of England will increase its quantitative easing (QE) programme - essentially printing money - by another £75 billion.
This month the Bank voted to not to increase its programme to boost the money supply from its current £175 billion.
But further QE is expected, not least because governor Mervyn King and two other committee members have already argued for a £75 billion boost to the scheme.
Labels: Bank of England, credit crunch, falling interest rates, interest rates, UK loans rates, uk recession
Thursday, October 08, 2009
Housing market bounce on shaky foundations
Both the number of potential buyers registered with estate agents and the average number of properties sold per branch increased during the month, following a dip in August.
The National Association of Estate Agents said the figures showed that the recovery in the housing market, seen earlier this year, was strong enough to survive the seasonal drop in activity during July and August as potential buyers go on holiday.
But the number of properties estate agents had on their books dipped to 62, down from 64 in August, as the market continued to be characterised by a shortage of supply, which many economists believe has led to the recent price rises.
There was also a drop in the proportion of first time buyers purchasing property, with this group accounting for 26pc of sales, down from 36pc in August, but in line with the level seen for most of 2009.
The number was also well up on September last year, when only one in 10 buyers was taking their first step on to the property ladder.
The NAEA warned that more needed to be done to ensure the recovery continued, and it called on the Government to extend the current stamp duty holiday.
There qere calls on the labour Government to consider extending the stamp duty holiday, under which people buying a property for between £125,000 and £175,000 are exempt from the tax until the end of this year, in the same way as it has extended the car scrappage allowance scheme.
But the NAEA warned that first-time buyer numbers may have been inflated by the approach of the end of the stamp duty holiday on properties costing between £125,000 and £175,000.
Properties sold for an average of 10.9pc of their asking price during September, broadly unchanged from the previous month.
There has been a run of positive data on the housing market during the past few months, with all of the major house price indexes reporting some price rises.
But many economists have warned that the current stabilisation in the market is temporary, and they expect prices to start falling again in the coming months due to rising unemployment and the ongoing problems in the mortgage market.
Labels: home loans, Loan calculator, new home sales, UK loans rates
Tuesday, October 06, 2009
0% credit loans deals are slipping away
New research on credit cards last week made for some grim reading.
While it did suggest that the number of balance-transfer deals with no fees are rising, unfortunately, it didn't mean 0% balance transfer deals, because there are currently no cards that are both interest free and fee free on transfers. The last to offer this was the Abbey Zero card, but that deal has been changed for new applicants.
The research also found that the number of deals lasting at least 12 months has fallen considerably. I keep track of deals lasting more than 12 months and my findings correlate with theirs.
Back in 2007, we found that there were just five cards offering deals over 12 months. Last year there were 14. This year we've lost half of them. That still leaves seven to choose from though, right? Actually, it's not that simple.
All the cards charge a fee of 3%. (Or 2.98%, but let's not quibble about 200ths of a percent!)
This is because many cards are connected, which I have indicated by giving the cards a group. You can't take out a second card from any cards in the same group until you've cleared the balance and closed the card for a time, usually six months to two years.
These deals are great at sucking people in and we usually end up falling for one of the many costly catches, or simply being too lazy to switch our card deals at the end.
However, lenders are becoming less inclined to lend a load of money for almost nothing up front, as they need to make every penny that they lend work for them during these uncertain times.
Labels: home loans, Loan calculator, loans, loans rates, UK loans rates
Thursday, October 01, 2009
UK mortgage lending increases- Bank of England
Net mortgage lending – which strips out redemptions and repayments – climbed by £1 billion in August from the previous month to £1.227 trillion, according to the Bank of England.
The figures also suggested that the number of mortgage approvals for those buying a new home remained steady at 52,317 in August, marginally down from 52,404 the previous month.
Numbers remortgaging also fell – but more markedly to 29,000 in August, down from almost 34,000 in July.
Labels: Bank of England, mortgage calculator, UK loans rates, uk recession
Tuesday, September 29, 2009
UK savings rates hit all time low
The figures come despite official data that suggests consumers want to save money more than at any time in the last six years, as they tighten their belts to cope with the recession.
Despite the all-time low savings rates that banks and building societies are offering, the so-called savings ratio has climbed to the highest level since 2003.
Prudent households, however, are being punished with wafer-thin savings rates, the Bank of England figures suggest.
The average bank instant access account, the most popular form of savings accounts, paid just 0.72 per cent in August, down from 0.74 per cent the month before and a fraction of the 3.1 per cent offered a year ago. It is the lowest rate the Bank of England has recorded since it started monitoring these rates in 1993.
Cash Individual Savings Account, a tax free savings vehicle, now offer a mere 0.41 per cent, slipping from 0.42 in July and a tenth of the level they offered a year ago.
Bank of England figures also indicate that while savers are failing to benefit, mortgage holders are also suffering.
Labels: Bank of England, falling interest rates, home loans, interest rates, loans rates, UK loans rates
Friday, September 25, 2009
Crisis – what crisis- as large homes defy downturn
Prices are recovering most strongly in the area of southwest London stretching from Fulham to Richmond, taking in Chiswick, Clapham, Wandsworth and Wimbledon — amid rising concern that values in locations outside the capital could stagnate for some years.
These suburbs, popular with City bankers and members of the professions and their families, were the first to be affected in the downturn. But prime southwest London is now resurgent, eclipsing Belgravia, Chelsea and the rest of prime Central London.
Savills, the estate agent, calculates that the average £1 million home in southwest London is appreciating in value by £741 a day, whereas the average £2 million Chelsea property is adding only £713 a day.
Bankers, or at least their wives, who are looking for a home are prepared to spend about £2 million — a typical boomtime budget. Nearly three buyers are pursuing each property for sale.
But Savills is much less optimistic about the outlook for other regions, fearing the development of a two-tier market of some duration. Yolande Barnes, a Savills research director, said that buyers remained locked out by lenders’ insistence on hefty deposits. Unemployment, public sector spending cuts and the likelihood of higher taxes could also be a drag on prices.
Ms Barnes believes that the shortage of credit available to such buyers may contribute to a permanent reversal of the century-long trend for increased ownership. Fewer than 70 per cent of householders own or are buying their home, a level not seen since the mid-1990s.
Labels: credit crunch, home loans, Loan calculator, loans, UK loans rates, uk recession
Wednesday, September 23, 2009
UK loans rates may reach 2% next year
The Bank has held rates at a record low of 0.5 per cent to help businesses and consumers to contend with the recession, but the central bank will need room to act in the coming months if inflationary pressures become a worry, the employers’ organisation said. Ian McCafferty, the CBI’s chief economic adviser, said that he expected inflation to be volatile next year, renewing pressure on the Bank.
The CBI forecasts that the consumer prices index will rise by 2.4 per cent during the first quarter of next year. The Bank’s official target is to limit inflation to 2 per cent.
However, Mr McCafferty said that the CBI would welcome interest rate rises next year as a sign that normality was beginning to return to the economic cycle. “It is fairly clear to us that the Bank of England will be maintaining the very accommodative stance that it has had throughout the period. But the Bank will want to avoid problems it has faced in previous cycles, where it gets boxed in and finds it hard to act over monetary policy,” he said.
His comments came as the CBI upgraded its forecasts for Britain’s economic prospects, predicting that Britain would emerge from recession by the end of this month.
The CBI’s predictions of quarter-on-quarter growth in GDP of 0.3 per cent in the third quarter and 0.4 per cent in the fourth represent a sharp rise in confidence from the business group. At its previous economic forecast in June, it said that the economy would shrink by 0.1 per cent in the third quarter and stagnate with flat growth for the rest of the year.
Labels: consolidate debt loans, home loans, interest rates, UK loans rates, uk recession
Wednesday, September 16, 2009
UK unemployment hits 14 year high of 2.47 million
The number of people claiming jobseeker’s allowance rose by 24,400 to 1.61 million in August — the highest since May 1997 and the eighteenth monthly rise in a row, according to the Office for National Statistics (ONS).
The recession’s impact on young people was also underlined by jobless totals among 16 to 24-year-olds reaching 947,000 — the highest level since ONS records began in 1992.
The jobless rate among young people also hit a record 19.7 per cent, meaning one in five is looking for work.
Unemployment is set to rise despite indications that British economy has returned to growth.
Mervyn King, Governor of the Bank of England, said yesterday that there were signs that the British economy was growing again though he added that the strength of recovery remained "highly uncertain".
Earlier in the week, a European Commission study concluded the economies of Britain and Continental Europe would return to growth by the end of the year while last week a study from the National Institute of Economic and Social Research, a leading think-tank, said Britain was climbing out of recession.
However, both warned that, following the emergence from recession, a period of stagnation could follow.
Labels: Bank of England, credit crunch, Loan calculator, UK loans rates, uk recession, unemployment
Friday, September 11, 2009
UK loans interest rate kept at 0.5% by Bank of England
The MPC also voted to make no change to the pace at which it is pumping cash into the economy through its quantitative easing (QE) programme — retaining the size of the programme at £175 billion.
It said that it expected the programme would take another two months to complete.
In its statement, the MPC said: “The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 per cent.
“The Committee also voted to continue with its programme of asset purchases totalling £175 billion financed by the issuance of central bank reserves.
“The Committee expects the announced programme to take another two months to complete. The scale of the programme will be kept under review.”
The move had been widely anticipated by the markets, but sterling rose slightly against the dollar and the euro on foreign exchange markets immediately after the announcement, rising by 0.7 cents to $1.659 against the greenback.
The decision follows several indications that the economy may be returning to growth after five quarters of recession — including a recovery in manufacturing output, signs of a rally in the housing market and news that activity in the services sector is expanding again.
And it comes after the shock decision, at August’s policy meeting, to expand the Bank’s programme of asset purchases from £125 billion to £175 billion — although Mervyn King, the Bank Governor, and two other MPC members, David Miles and Tim Besley, had voted to expand the programme to £200 billion.
Details of yesterday’s vote will emerge with publication of minutes of today’s meeting on September 23.
Labels: Bank of England, interest rates, MPC, Quantitative Easing, UK loans rates, uk recession
Thursday, September 10, 2009
Bank of England urged to punish high street lenders
The plan was mooted last month by Mervyn King, the Bank Governor, as part of efforts to encourage lenders to inject more money into the financial system.
Four of the nine member panel of economic experts on The Times MPC thought that the Bank should press ahead with the plan.
Professor Charles Goodhart, of the London School of Economics, the most fervent backer of the scheme, said that the cash balances “piled up at the Bank of England” were “socially useless” and that the Bank should impose a negative interest rate on money held by each bank in excess of 2 per cent of their total assets.
HSBC, Royal Bank of Scotland, Barclays, Lloyds and Northern Rock held a total of £157 billion in central bank reserves at June 30, up from £90.6 billion at the end of 2008.
Sushil Wadhwani, a former external member of the Bank’s MPC, Rupert Pennant-Rea, a former Deputy Governor of the Bank of England, and Sir Steve Robson, former Second Permanent Secretary at the Treasury, also lent their backing to the plan.
Otherwise the panel was united in its call for interest rates to be kept unchanged at 0.5 per cent, where they have remained for five consecutive months, and for the Bank’s drive to jump-start the economy with huge injections of newly printed money to be halted for now with burgeoning signs that the recession is coming to an end.
The decision to extend its programme of quantitative easing from £125 billion to £175 billion broke the ceiling set by the Chancellor of £150 billion.
Labels: Bank of England, home loans, interest rates, Quantitative Easing, UK loans rates
Monday, August 24, 2009
Credit cards you guide to unsecured loans in plain english
What exactly is a credit card?
How do credit cards work?
Do all credit cards offer the same service?
How do I get a credit card?
Am I obligated to accept the offer if I apply?
What if my application is rejected?
Are there any credit card traps?
How is my credit limit determined?
How am I judged when applying for a credit card?
How do I check my credit rating?
Does applying for a credit card affect my credit status?
Why do providers put so much importance on a good credit history?
I've had credit problems. Can I still qualify for a credit card?
How much do they cost?
How are interest charges calculated?
What does 'grace' or 'interest free' period mean?
How should I pay the bill?
Must I pay the full bill each month?
How can I make sure I never miss paying my bill on time?
What will happen if I can't afford to pay the outstanding balance?
What is a balance transfer?
What is Payment Protection?
What is an affinity card?
What is a secured card?
What is a guaranteed card?
What is an unsecured card?
What is a debit card?
Is a credit card the same as a charge card?
Do all cards offer travel rewards?
I thought ATM cards had PIN numbers. Why do credit cards have them?
Where can I withdraw money using my credit card?
Can I get cash on my credit card?
Why am I charged more interest when I use my credit card to get cash?
Are credit cards cheap to use when abroad?
How can I be sure that I make the right choice?
Are credit cards safe?
Is it safe to give out my credit card number when buying goods or services by phone or on the Internet?
Do I get proper consumer protection if I use a credit card?
If I have a problem with my credit card whom should I contact?
What if I lose my card?
How do I know where to find your website again?
What is a cookie?
Please just click here now for all of your credit card and unsecured loans needs credit card calculator
What exactly is a credit card?
A credit card represents a loan agreement where you are offered credit, providing you pay off a minimum amount each month. You can charge purchases up to the amount of your credit limit and pay for them later.
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With a credit card, as long as you do not exceed your credit limit, you can spend whatever you wish, wherever your credit card is accepted. You are required to pay a minimum amount off the balance each time you receive a billing statement. The usual minimum payment is approximately 3% - 5% of the balance. You can sign for purchases or you can purchase by telephone or the Internet. There are many different card issuers, but most operate through two worldwide credit card networks - VISA and MasterCard.
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No, there are huge differences in the services provided by credit card issuers. For example, there are cards available to people at a set minimum income level, e.g. Gold/Platinum cards, and these may provide more benefits to the customer. With Affinity and Charity cards, a small percentage of what you spend is donated to an affiliated organisation. Reward programmes offer air miles, shopping points, cash rebates or special discounts. If you do not pay your balance, you may lose these benefits. Other features include access to cash machines, travel insurance, and special introductory rates. Purchase Protection is available in the case of loss, theft or damage to goods you purchase with your card.
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The results of this comparison will be presented in graphical format together with the relative importance in percentage of the most valued features to you.
After comparing your most valuable features, you will be presented with a list of ten suitable credit cards. Each card is given a percentage so you can see how close each product matches your preferences. You can view the details for each of the credit cards in the list to help make a decision.
For our on-line partners, you can complete the application form for their products on this site and send it off. All aspects of your application are assessed by the product provider, and a decision is provided within 24 hours.
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If you apply and are approved for a credit card, you are under no obligation to accept the offer. An offer will be sent to your listed address and you choose to accept by returning the signed document to the product provider.
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If your application is rejected, you can ask your credit card provider to review the application. If a credit reporting agency has been used, you can ask for the agency name and address. Write to them requesting any details held on you. Remember that you can apply for more than one card - however for credit rating reasons it is not advisable to apply for more than five cards within a 6-month period.
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With credit cards it's very easy to borrow without realising how much, until you receive your monthly statement. So, try to keep track of your spending. Credit cards can be a costly form of borrowing so look out for other loans, such as personal loans, that might better suit your needs. Always keep your receipts and check them against your statement. If you do not recognise an item on your statement, contact the provider immediately. Note that if you use your card overseas, sometimes it takes longer for items to appear on your statement.
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Your credit limit is determined by a combination of things, including your credit history, income and amount of debt. These conditions are also used to determine what type of card you may be offered. For example, some standard cards have credit limits of up to 3,000. Gold and platinum cards may offer extended credit limits to customers with well established and very favourable credit histories. Customers without a credit history or with blemished credit histories tend to be offered secured cards or unsecured standard cards with lower credit limits. Once a cardholder's credit history is established or improved, cards with higher credit limits can be obtained.
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Judgement criteria can vary from one card provider to another. However, your income and your credit history are the two main criteria. Many card providers rely on data from credit reporting agencies.
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First of all, you need to understand how the system works. Remember that you do not have a right to credit, and before giving you credit, lenders such as banks and loan companies want to check that you are an acceptable risk. To help them do this, they check with firms called credit reference agencies (CRAs) to get details about you and your credit record.
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Yes. Every time you apply for a credit card, an inquiry is made as to your credit status. This inquiry is noted with the respective credit agency. Although these inquiries will remain on the report for approximately one year, providers will be primarily concerned with the number of inquiries over the last 6 months. Providers do become concerned if there are more than 10 inquiries during that time. They interpret this as an indication that you are badly in need of credit, and thereby consider you high risk. As a result, they will be less likely to grant you the credit card you are applying for. It is therefore important that you do not apply for an excessive amount of credit cards unless absolutely necessary.
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When issuing you with a credit card, providers give you credit. They take this risk based on your ability to repay that money. Your credit history shows how you have repaid loans in the past. This is taken as an indication of how you will repay loans in the future. If you have a good credit history you are considered low risk. A good credit history can help you get more than credit card privileges. It can also help get loans for those bigger life purchases such as a car or a house. A good credit history speaks well for you. A poor credit history can be improved over time and people have opportunities to make that happen.
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If you are trying to re-establish credit, it is likely that you will be issued with a 'secured' card, which means that your credit agreement may have to be guaranteed or "secured" with a cash deposit up front. This deposit guarantees you will repay money borrowed using your credit card. The limit on the card is usually the same as the guaranteed deposit.
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The cost can vary, depending on whether the card provider charges an annual fee, the interest rate charged for borrowing, the interest-free period offered, etc. Additional charges can include those for cash withdrawals, late/returned payments, and exceeding your credit limit.
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How interest is calculated is important and decides how much you're charged on your unpaid account balances. There are 3 ways to decide what your unpaid account balances are:
Average Daily Balance (ADB)
Adjusted Balance (AB)
Previous Balance (PB)
The ADB is each day's balance added up for the month and divided by the number of days in a billing cycle. This is the most common way to calculate your balance and proves the most costly to you. If you don't pay your bill in full, the interest is charged from the day a charge is billed to your account.
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This is the number of days of interest-free credit. You are not charged interest on your account balance for a specific number of days. The number of days can vary from about 20 to 56.
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You can pay your bill in many ways - by direct debit, for example. Be careful, though, as there may be a charge for some methods. Your payment might also be delayed for some reason which can result in charges if it's late. As a general rule, you should try and pay your bill in full and by the monthly due date.
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No, you do not have to pay the full bill, but the majority of card providers will require a minimum payment of approximately 3-5% of the outstanding balance on your account. The less you pay off your bill, the more interest you will be charged. If you do not wish to pay unnecessary interest charges, pay your bill in full and on time every month.
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Set up a direct debit to ensure that the monthly payment is made automatically. It is worth considering this payment option because if you miss the deadline, the interest may be backdated to the date of purchase.
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Contact the provider to discuss your predicament. They may recommend an alternative solution as it is in their interest to have the problem solved. Alternatively, you could discuss this with a voluntary organisation that provides free advice and may help you manage your debts.
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If you already have a credit card and you apply for a new one, you can transfer your existing balance on the previous card to the new one. The new credit card provider will assume the outstanding debt that you owe on the previous card by paying off the credit card provider and then billing you for it.
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Payment Protection is insurance that will protect you in the event you are unable to make payments under qualified circumstances.
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An affinity card is a credit card that is linked to a particular charity. When a card is issued to you, a donation is made to the affiliated charity, and a small percentage will be donated for every transaction made on the card.
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Secured cards require you to make a cash deposit up front. The limit on the card is usually related to the amount of the bank deposit. The bank has the right to take money from your deposit if you do not pay your credit card bill.
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A guaranteed card is the same as a secured card.
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You probably won't hear this term often because it is the norm. A normal credit card is unsecured. The card provider cannot take specific assets of yours in the event you do not pay your bill. Your card provider would have to sue you to collect the debt.
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The amount you spend using a debit card is immediately deducted from your current account. Your banking institution issues you with a debit card. Debit cards offer less protection than credit cards in the event of a billing dispute. In addition, if your debit card is stolen, it is possible that your debit card account could be emptied.
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No. Like a credit card, a charge card allows you to charge a purchase and pay for it later. But, a credit card offers a revolving line of credit. This means you don't have to pay off the total loan - as long as you make a minimum monthly payment. With a charge card, however, everything you spend on the card must be paid in full each month. Charge cards often incur an annual fee because you don't pay interest on purchases. But, they tend to offer very competitive reward programmes in exchange for the higher fee. An example of a charge card is American Express or Diner's Club.
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No. Only a travel card offers the opportunity to accumulate travel points for purchases made with a card. If you want a card that offers travel rewards, you should apply for a card that is associated with an airline or travel program you're interested in.
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A PIN is a numerical password that goes with your credit card. If you have a PIN, you can get a cash advance at an ATM displaying the symbol of the credit card network your card is with. You can also get a cash advance in another country and in the local currency.
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Once you have a PIN number, you can use your credit card to withdraw money at most cash machines in hundreds of countries around the world. Your credit card network will be identified on the cash machines that accept your card.
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Yes. For this service you pay a cash handling fee and there's no interest-free period.
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Credit card networks don't always charge higher interest rates on cash advances. In fact, most don't. They do charge a cash handling fee, which is usually a minimum charge of £2.00 or 1.5% of the cash amount you withdraw. Interest charges on cash advances, however, accrue from the moment you withdraw the cash. When using your card normally, interest is often charged only if you fail to pay off your full account balance on time.
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Credit cards generally work out cheaper to use abroad than changing to foreign currency or using travellers cheques.
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Our unique selection process, guides you through the decision-making process and provides credit cards to match your requirements. For example, you will be asked for your preferences relative to different credit card features, such as APR, Payment Brand and Reward Programmes. You will then evaluate a series of hypothetical products and make trade-offs between different card features. After comparing these features, you will be presented with a list of ten suitable credit cards, based on your preferences.
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Yes. Credit cards are a safe, convenient way to buy things in stores, over the telephone or on the Internet with a reputable merchant. And, if your card is ever lost or stolen, a phone call to the card provider cancels the card and has it replaced. Once you report the loss, you will not be held responsible for any unauthorised charges. Remember, for your protection, always:
Save your credit card sales slip to check against your monthly statements
See that you get your card back after every purchase and carry it in the same secure place
Tear up the sales slips if and when you throw them away
Check your billing statement for accuracy each month
Check the Terms and Conditions of any cards you apply for.
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Is it safe to give out my credit card number when buying goods or services by phone or on the Internet?
Make sure that your reputable online retailer like Wise Money uses a "Secure Socket Layer" or SSL that encrypts your personal details Most retailers and service providers are genuine and allow purchases to be made safely and securely. Problems may arise if an unauthorised person accesses your name, card number and card expiry date. They could use these details to carry out a transaction over the phone or on the Internet.
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Do I get proper consumer protection if I use a credit card?
Credit card providers are responsible, along with the supplier of goods or services you purchase, for problems with certain goods paid for by credit card. This applies if the cash price of the item is between £100 and £30,000 and if the total credit value is less than £25,000. If you use your credit card when buying items in this range you can benefit from this consumer protection. If someone you purchase from fails to compensate you, you can claim against your card provider.
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In all cases you should contact your credit card provider. If your card is lost or stolen, telephone the provider immediately. If you have a billing query, you should contact your card provider. It is your right to dispute a purchase or service which appears on your bill and which you did not make. If you wish to renew your card, you should contact your card provider. It only takes a few days to order a new card over the telephone and to receive it by post.
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Telephone the provider immediately. They will 'stop' the card and issue a replacement. So it's important to keep a note of the telephone number and card number separate from the card. Don't, under any circumstances, keep a note of the PIN (personal identification number) with the card or anywhere else. Memorise it. You can register your cards with a card protection company for a fee and with one call, they will deal with the cancellation and replacement on your behalf. Some providers also offer insurance against loss and misuse.
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It's easy to get lost on the Web. To avoid Web disorientation, make frequent use of your browser's bookmarking feature. This feature allows you to mark the website you are navigating so you can access it again at a later date without having to memorise it's location.
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A cookie is a piece of information sent to your PC when you access a website. It stores information about you that should save you time when filling in forms. For more information please go to the Cookie Central site at http://www.cookiecentral.com for more information.
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Labels: consolidate debt loans, credit crunch, home loans, UK loans rates, US loans rates
Monday, August 10, 2009
UK Cash Credit Cards facility with no checks!
How your account works: Your salary and other income can be paid into your billing account. Your Account Manager will set aside the money needed in this account for your regular bills and payments.  |
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Labels: credit crunch, Loan calculator, loans, UK loans rates
Tuesday, August 04, 2009
Mortgage Interest Rates for the self employed and people with bad credit histories
Mortgage Interest Rates- If you want to purchase a house and you’re looking for a mortgage why not take a look at our house purchase mortgages?
Our team of advisors will help you to select the best mortgage from our range of lenders to suit your individual circumstances.
If features such as no early repayment penalties, transfer flexibility, or payment holidays are important to you these will be factored-in to our mortgage search. If these features are not important to you, our team of advisors will base the search on finding you the most suitable house purchase mortgage available to suit your particular circumstances.
Once we have all the details, your house purchase mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay. If you need a mortgage for your house purchase urgently you may like to consider a taking out a bridging loan to ensure your house purchase can go ahead quickly.
For UK mortgage holders looking for a fast online mortgage calculator MORTGAGE INTEREST RATES APPLY NOW please click here now
For UK loans seekers looking for a fast online loans calculator APPLY NOW please click here now
Self Certification Mortgages- If you’re looking for a mortgage and can’t prove your income, a self certification mortgage may be just what you need.
Self certification mortgages are ideal if you can’t prove your income. This may be because you are self-employed, a freelancer, contractor or seasonal worker, or you may be paid on a commission-only basis, be an un-salaried company director or you may have more than one source of income such as income from investments.
If you’ve had problems finding a regular mortgage because you can’t prove your income please talk to our lenders about a self certification mortgage. We work with a number of suppliers who are happy to consider self certification mortgages. If this sounds like the type of mortgage you need talk to one of our advisers today to see what we can do for you.
Once we have all the details, your self certification mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay.
Any Purpose Remortgages If you are looking for a remortgage for any purpose you've come to the right place. We are confident we can provide you with a competitive quote for your remortgage. You can use the money you borrow for any purpose and we will process your application quickly so your money can be made available as soon as possible.
You may want your loan for major home improvement work, a holiday, to pay school or university fees, to consolidate debts or to provide financial support for your children. Whatever you need to loan the extra money for we will be happy to listen.
If you are looking for a mortgage, even if you have a poor credit history, come to us first to see what we can do. Your poor credit history does not exclude you from getting a mortgage or remortgage.
Even if your poor credit rating has meant you’ve had special terms imposed on remortgage quotes in the past, we have access to a number of suppliers of poor credit remortgages and have been able to help many customers with a poor credit rating to arrange a suitable remortgage.
Your finance can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive finances in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once yourapplication has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Labels: home loans, mortgage calculator, UK loans rates, uk recession, US mortgage rates
Monday, August 03, 2009
Mortgage Calculator for the self employed and people with bad credit histories
Mortgage Calculator- Any Purpose Remortgages 
If you are looking for a remortgage for any purpose you've come to the right place.
We are confident we can provide you with a competitive quote for your remortgage. You can use the money you borrow for any purpose and we will process your application quickly so your money can be made available as soon as possible.
You may want your loan for major home improvement work, a holiday, to pay school or university fees, to consolidate debts or to provide financial support for your children. Whatever you need to loan the extra money for we will be happy to listen.
If you are looking for a mortgage, even if you have a poor credit history, come to us first to see what we can do. Your poor credit history does not exclude you from getting a mortgage or remortgage.
Even if your poor credit rating has meant you’ve had special terms imposed on remortgage quotes in the past, we have access to a number of suppliers of poor credit remortgages and have been able to help many customers with a poor credit rating to arrange a suitable remortgage.
For UK loans seekers looking for a fast online loans calculator MORTGAGE CALCULATOR APPLY NOW please click here now
For UK mortgage holders looking for a fast online mortgage calculator APPLY NOW please click here now
House Purchase Mortgages- If you want to purchase a house and you’re looking for a mortgage why not take a look at our house purchase mortgages? Our team of advisors will help you to select the best mortgage from our range of lenders to suit your individual circumstances.
If features such as no early repayment penalties, transfer flexibility, or payment holidays are important to you these will be factored-in to our mortgage search. If these features are not important to you, our team of advisors will base the search on finding you the most suitable house purchase mortgage available to suit your particular circumstances.
Once we have all the details, your house purchase mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay. If you need a mortgage for your house purchase urgently you may like to consider a taking out a bridging loan to ensure your house purchase can go ahead quickly.
Self Certification Mortgages- If you’re looking for a mortgage and can’t prove your income, a self certification mortgage may be just what you need.
Self certification mortgages are ideal if you can’t prove your income. This may be because you are self-employed, a freelancer, contractor or seasonal worker, or you may be paid on a commission-only basis, be an un-salaried company director or you may have more than one source of income such as income from investments.
If you’ve had problems finding a regular mortgage because you can’t prove your income please talk to our lenders about a self certification mortgage. We work with a number of suppliers who are happy to consider self certification mortgages. If this sounds like the type of mortgage you need talk to one of our advisers today to see what we can do for you.
Once we have all the details, your self certification mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay.
Your finance can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive finances in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once yourapplication has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Labels: home loans, Loan calculator, mortgage calculator, UK loans rates, US mortgage rates
Friday, July 31, 2009
Mortgage Calculator UK for the self employed and people with bad credit histories
Mortgage Calculator UK- Any Purpose Remortgages If you are looking for a remortgage for any purpose you've come to the right place. We are confident we can provide you with a competitive quote for your remortgage.
You can use the money you borrow for any purpose and we will process your application quickly so your money can be made available as soon as possible.
You may want your loan for major home improvement work, a holiday, to pay school or university fees, to consolidate debts or to provide financial support for your children. Whatever you need to loan the extra money for we will be happy to listen.
If you are looking for a mortgage, even if you have a poor credit history, come to us first to see what we can do. Your poor credit history does not exclude you from getting a mortgage or remortgage.
Even if your poor credit rating has meant you’ve had special terms imposed on remortgage quotes in the past, we have access to a number of suppliers of poor credit remortgages and have been able to help many customers with a poor credit rating to arrange a suitable remortgage.
For UK mortgage holders looking for a fast online mortgage calculator UK MORTGAGE CALCULATOR APPLY NOW please click here now
For UK loans seekers looking for a fast online loans calculator APPLY NOW please click here now
House Purchase Mortgages- If you want to purchase a house and you’re looking for a mortgage why not take a look at our house purchase mortgages? Our team of advisors will help you to select the best mortgage from our range of lenders to suit your individual circumstances.
If features such as no early repayment penalties, transfer flexibility, or payment holidays are important to you these will be factored-in to our mortgage search. If these features are not important to you, our team of advisors will base the search on finding you the most suitable house purchase mortgage available to suit your particular circumstances.
Once we have all the details, your house purchase mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay. If you need a mortgage for your house purchase urgently you may like to consider a taking out a bridging loan to ensure your house purchase can go ahead quickly.
Self Certification Mortgages- If you’re looking for a mortgage and can’t prove your income, a self certification mortgage may be just what you need.
Self certification mortgages are ideal if you can’t prove your income. This may be because you are self-employed, a freelancer, contractor or seasonal worker, or you may be paid on a commission-only basis, be an un-salaried company director or you may have more than one source of income such as income from investments.
If you’ve had problems finding a regular mortgage because you can’t prove your income please talk to our lenders about a self certification mortgage. We work with a number of suppliers who are happy to consider self certification mortgages. If this sounds like the type of mortgage you need talk to one of our advisers today to see what we can do for you.
Once we have all the details, your self certification mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay.
Your finance can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive finances in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once yourapplication has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Labels: home loans, Loan calculator, loans rates, UK loans rates
Thursday, July 30, 2009
IVA Individual Voluntary Arrangement service
Our Individual Voluntary Arrangement (IVA) Service offers you access to Schemes for clients who have debt problems but still have income and wish to avoid bankruptcy.
Below is some further information regarding IVA’s that you may find suitable for you. We have a number of companies on our panel that will deal directly with you to assist them with your debt problems.
For financial help a fast online loans calculator IVA INDIVIDUAL VOLUNTARY ARRANGEMENT APPLY NOW please click here now
| Positives | Negatives |
| Debt free in 5 years | Possible release of home equity |
| Creditor calls and payment demands stopped | Lasts longer than a bankruptcy |
| One single monthly payment | All creditors have to be included |
| Repaired credit rating | There is a minimum level of debt |
| Legally binding | You cannot borrow during arrangement |
| Your job status is unaffected | Lasts for 5 years |
| Interest and charges frozen | You will have to pay back more than bankruptcy |
| Protection from court action | Your credit rating is damaged |
| Companies look at you more ethically than they would for bankruptcy | You must be able to service payment plan |
What is an Insolvency Practitioner?
A voluntary arrangement is literally as it states – An Insolvency Practitioner (IP) organises an arrangement by a person with their creditors for the discharge of their debt. The schemes require the approval of the court and are monitored.
How long is an agreement for?
The agreement with the creditors allows for a reduced payment each month to be made towards the total amount of debt you owe your creditors. After a period of time usually 5 years the debt is then classed as settled.
How much can the process write off?
An agreement can write off up to 65% of your clients debts (subject to your circumstances). Once you have made your final payment all the outstanding debt is legally written off.
What is the eligibility for an agreement?
This depends on your circumstances. Usually the personnel debt must exceed £15,000 and should be with at least 3 creditors. You must have the income to be able to offer a reasonable amount of payment to your creditors.
Can anyone do an agreement ?
Yes, absolutely anyone in the UK can apply.
What kind of debts can I put on my agrrement?
Store cards, catalogues, credit cards, personal loans, overdrafts. All unsecured debts can be considered including guarantees on business overdrafts and personal debts to the VAT and Inland Revenue however these debts may be treated preferentially within the application.
For help and a fast online consolidate loans calculator APPLY NOW please click here now
Labels: consolidate debt loans, Loan calculator, sub prime loans, UK loans rates
Wednesday, July 29, 2009
Home Refinance- bad credit and self employed helped
Home Refinance- You may want your loan for major home improvement work, a holiday, to pay school or university fees, or to provide financial support for your children. Whatever you need to loan the extra money for we will be happy to listen.
Your loan can be for any purpose and once we have received your completed homeowner loan form your loan application will be processed quickly to ensure your secured homeowner loan is granted as soon as possible. Once your loan is granted you are free to spend your money on anything you wish.
Borrow £5,000 to £1,000,000
Borrow over 3 to 25 years
Simple, fast and straight forward
Free yourself from unwanted debts
For UK loans seekers looking for a fast online loans calculator HOME REFINANCE APPLY NOW please click here now
For UK mortgage refinance fast online mortgage calculator APPLY NOW please click here now
Being refused credit or having a bad credit rating is nothing to be ashamed of and we won't judge you either.
We may still be able to arrange an unsecured bad credit loan for you even if you've been turned down or refused credit many times.
A bad credit history is just that, history. So why not fill in our online form today for a free unsecured bad credit loan quotation and perhaps we can turn your bad credit history into a positive result.
We specialise in helping those previously refused by other companies and high street lenders. Finance for tenants, homeowners, and anybody with bad credit or credit difficulties such as CCJs, defaults or mortgage arrears.
We even arrange loans for the self-employed and those who have difficulty in proving their income.
No matter what you need, experienced and friendly advisors will guide you every step of the way - so your loan application goes ahead quickly, easily and completely hassle free.
What is an unsecured bad credit home loan?
An unsecured bad credit loan is for people who have had problems in the past, and now have a less than perfect credit rating. An unsecured bad credit loan does not require you to use your property as a guarantee or security for the loan either. As it is unsecured, the loan offers a little more flexibility to the borrower that does not wish to put their home at risk.
Who are the loans for?
Unsecured Home Loan Calculator are in the first instance, best suited to those with a bad credit history who do not wish to secure the loan against their property. In the second instance, an unsecured bad credit loan is often the only option for people or tenants who suffer with a bad credit history and have no property to secure the loan against.
Who can apply for a loan?
The simple answer is anybody can apply for an unsecured bad credit loan, however in reality before an application can be processed your age and employment status are taken into consideration.
You may need to arrange finance for a new car, a well-deserved holiday, home improvements, to pay school or university fees, or to pay off credit cards or an overdraft.
Your finance can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive finances in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All that our lenders ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once your application has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Labels: consolidate debt loans, home loans, Loan calculator, loans, UK loans rates
Tuesday, July 28, 2009
Home Mortgage Calculator- refinance, bad credit and self employed
Home Mortgage Calculator -You may want your loan for major home improvement work, a holiday, to pay school or university fees, or to provide financial support for your children. Whatever you need to loan the extra money for we will be happy to listen.
Your loan can be for any purpose and once we have received your completed homeowner loan form your loan application will be processed quickly to ensure your secured homeowner loan is granted as soon as possible. Once your loan is granted you are free to spend your money on anything you wish.
Borrow £5,000 to £1,000,000
Borrow over 3 to 25 years
Simple, fast and straight forward
Free yourself from unwanted debts
For UK loans seekers looking for a fast online loans calculator HOME MORTGAGE CALCULATOR APPLY NOW please click here now
For UK mortgage holders looking for a fast online mortgage calculator APPLY NOW please click here now
Being refused credit or having a bad credit rating is nothing to be ashamed of and we won't judge you either.
We may still be able to arrange an unsecured bad credit loan for you even if you've been turned down or refused credit many times.
A bad credit history is just that, history. So why not fill in our online form today for a free unsecured bad credit loan quotation and perhaps we can turn your bad credit history into a positive result.
We specialise in helping those previously refused by other companies and high street lenders. Finance for tenants, homeowners, and anybody with bad credit or credit difficulties such as CCJs, defaults or mortgage arrears.
We even arrange loans for the self-employed and those who have difficulty in proving their income.
No matter what you need, experienced and friendly advisors will guide you every step of the way - so your loan application goes ahead quickly, easily and completely hassle free.
What is an unsecured bad credit home loan?
An unsecured bad credit loan is for people who have had problems in the past, and now have a less than perfect credit rating. An unsecured bad credit loan does not require you to use your property as a guarantee or security for the loan either. As it is unsecured, the loan offers a little more flexibility to the borrower that does not wish to put their home at risk.
Who are the loans for?
Unsecured Home Loan Calculator are in the first instance, best suited to those with a bad credit history who do not wish to secure the loan against their property. In the second instance, an unsecured bad credit loan is often the only option for people or tenants who suffer with a bad credit history and have no property to secure the loan against.
Who can apply for a loan?
The simple answer is anybody can apply for an unsecured bad credit loan, however in reality before an application can be processed your age and employment status are taken into consideration.
You may need to arrange finance for a new car, a well-deserved holiday, home improvements, to pay school or university fees, or to pay off credit cards or an overdraft.
Your finance can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive finances in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once yourapplication has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Labels: home loans, Loan calculator, loans, UK loans rates
Friday, July 24, 2009
Debt Consolidation UK Loans for bad credit and self employed
Consolidate Debt UK Loans by Wise Money - UK loans calculators and UK mortgage calculators for the self employed, contractors, consultants, company directors, freelancers- people in adverse, poor and bad credit situations, tenants, arrears or court judgments- monthly payments can be consolidated and reduced by up to 70%
For debt consolidation UK loans seekers a fast online consolidate debt loans calculator DEBT CONSOLIDATION UK APPLY NOW please click here now
For UK mortgage holders looking for a fast online mortgage calculator APPLY NOW please click here now
Debt Consolidation UK Loans- if your debts are becoming unmanageable you may be considering a debt consolidation loan. This may mean you will be repaying your loan for a longer term but debt consolidation loans could lower your monthly repayment to a more manageable amount.
Debt consolidation loans can be secured or unsecured: if you wish to borrow a considerable amount of money, or your credit history is poor, or you may just want the lowest possible interest rate, it may be necessary to secure your debt consolidation loan against an asset you own, usually your house. Talk to an Finance adviser to discuss your situation and they will help you decide the best option for your situation.
Borrow £5,000 to £1,000,000
Borrow over 3 to 25 years
Simple, fast and straight forward
Free yourself from unwanted debts
For UK loans seekers looking for a fast online consolidate debt loans calculator APPLY NOW please click here now
Bad Credit History Loans- Even if you’ve got a bad credit history you can still apply for help. A bad credit history should not put you off applying for a loan and we have helped many customers who have been turned down in the past by other lenders.
You may need a loan to provide extra cash, to buy a van, take a short break, or to pay off credit or an overdraft. Whatever you need the finance for we will consider your application.
Being refused credit or having a bad credit rating is nothing to be ashamed of and we won't judge you either.
We may still be able to arrange an unsecured bad credit loan for you even if you've been turned down or refused credit many times.
A bad credit history is just that, history. So why not fill in our online form today for a free unsecured bad credit loan quotation and perhaps we can turn your bad credit history into a positive result.
We specialise in helping those previously refused by other companies and high street lenders. Finance for tenants, homeowners, and anybody with bad credit or credit difficulties such as CCJs, defaults or mortgage arrears.
We even arrange loans for the self-employed and those who have difficulty in proving their income.
No matter what you need, experienced and friendly advisors will guide you every step of the way - so your loan application goes ahead quickly, easily and completely hassle free.
Any purpose loans- If you’re looking for loans for any purpose come and talk to us about your requirements. Whether you’re considering secured or unsecured loans, we will help you find the best loans with the lowest interest rate and the most preferential terms available to suit your individual circumstances.
You may need to arrange a loan for a new car, a well-deserved holiday, home improvements, to pay school or university fees, or to pay off credit cards or an overdraft.
Your loans can be for any purpose and your application will be processed quickly to ensure your loans are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
Personal loans- If you’re looking for ersonal finance talk to a adviser today to discuss your financing requirements. We work with a range of providers to ensure we can offer you good terms and interest rates on personal finance.
Your personal finance may be for any purpose, from a new vehicler to an overseas trip, whatever you want the additional money for we will try and help. Once your application has been processed, an in-principle decision can be made very quickly. When your application has been approved your money will be made available as soon as possible, and you are free to spend it as you wish.
Please click here now to APPLY NOW online here now
Labels: consolidate debt loans, Loan calculator, sub prime loans, UK loans rates
Tuesday, July 21, 2009
UK Cash Credit Cards facility with no checks!
UK Cash Credit Cards facility with no checks!
How your account works: Your salary and other income can be paid into your billing account. Your Account Manager will set aside the money needed in this account for your regular bills and payments.
You can choose to transfer any remaining balance onto your cardone Prepaid MasterCard card which you can use to shop or withdraw money.
Not only can you pay for your weekly shop, you can withdraw cash at ATM machines worldwide, shop online or even over the phone.
Manage your account securely online, by phone and by text
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We'll give you all this for just £12.50 per month, plus a one off account opening fee of just £30
Please apply for your cash credit cards here now!
A unique banking facility that's open to everyone*, irrespective of your current situation or past credit history. There are no credit checks! We'll help you manage your money so you can keep track of your payments or standing orders. Even if you can't pay an item, we won't charge you a bounced payment fee, but we will let you know in good time. We'll ensure all your bills are paid on time.
A prepaid card looks just like any normal credit or debit card, with a card number, signature strip and chip. However, it does not provide you with a line of credit. You can't borrow money with a Prepaid card – you can only spend the money you have loaded onto it.
The Prepaid MasterCard card works in a similar way to a Pay As You Go mobile top up card. If you transfer £100 to the card from your Billing Account, you can only spend £100. The advantage is that this card comes with all the convenience of a debit card. You can spend within your means and you cannot go accidently overdrawn. Using the cardone Prepaid card could help you control your money.
Taking it one step further- Why not request a second Prepaid card that is linked to the same cardonebanking account? This is ideal for a member of your family or partner and could help to keep spending to a set monthly allowance.
Labels: credit crunch, home loans, Loan calculator, loans, UK loans rates
Monday, July 20, 2009
Commercial Finance- an easy solution to your funding requirements.
Commercial Finance through Wise Money. Whilst the following represent a flavour of what our commercial finance lenders can help you with, these are merely guidelines and they are still very flexible. Should your overall position be sufficiently strong then we may be able to step outside these guidelines.
Residential property – Buy to let & professional | KEY AREAS OF INTEREST: |
Buisness mortgages | 100% Business Loans (With Extra Security) |
Property development for land purchase & development | BTL (No rental calculation) up to 75% LTV |
Agriculture | Standard BTL 85% (with 125% rental calculation) |
Healthcare & care homes | Large Business Loans available at rates from 2% above BBR |
Hotels & restaurants | HMO’s (House of Multi Occupation) up to 70% LTV |
Retail & franchising |
Please remember business loans do not have stringent underwriting criteria. All cases vary and one lender may look at one risk differently from another. If you are in any doubt please contact us today on 0845 467 0127 quoting Wise Money)
Or for UK loans seekers looking for a fast online loan calculator COMMERCIAL FINANCE APPLY NOW please click here now
Not sure what to do? Simply complete the form for a free no obligation quote and you can talk through your alternatives with our trained advisors.
If you are looking for a mortgage, even if you have a poor credit history, come to us first to see what we can do. Your poor credit history does not exclude you from getting a mortgage or remortgage.
Even if your poor credit rating has meant you’ve had special terms imposed on remortgage quotes in the past, we have access to a number of suppliers of poor credit remortgages and have been able to help many customers with a poor credit rating to arrange a suitable remortgage.
If features such as no early repayment penalties, transfer flexibility, or payment holidays are important to you these will be factored in to our search. If these features are not important to you, our team of advisors will base the search on finding you the most suitable mortgage available to suit your particular circumstances.
If you’ve had problems finding a regular mortgage because you can’t prove your income please talk to our lenders about a self certification mortgage. We work with a number of suppliers who are happy to consider self certification mortgages. If this sounds like the type of mortgage you need talk to one of our advisers today to see what we can do for you.
Once we have all the details, your self certification mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay.
For UK loans seekers looking for a fast online loans calculator APPLY NOW please click here now
Your loans can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive loans in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once yourapplication has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Labels: home loans, Loan calculator, loans, UK loans rates
Friday, July 17, 2009
Business Finance- an easy solution to your commercial requirements.
Business Finance through Wise Money. Whilst the following represent a flavour of what our business finance lenders can help you with, these are merely guidelines and they are still very flexible. Should your overall position be sufficiently strong then we may be able to step outside these guidelines.
Residential property – Buy to let & professional | KEY AREAS OF INTEREST: |
Commercial mortgages | 100% Commercial Loans (With Extra Security) |
Property development for land purchase & development | BTL (No rental calculation) up to 75% LTV |
Agriculture commercial | Standard BTL 85% (with 125% rental calculation) |
Healthcare commercial & care homes | Large Commercial Loans available at rates from 2% above BBR |
Hotels & restaurants | HMO’s (House of Multi Occupation) up to 70% LTV |
Retail & franchising | Student and rental accommodation |
Please remember commercial loans do not have stringent underwriting criteria. All cases vary and one lender may look at one risk differently from another. If you are in any doubt please contact us today on 0845 467 0127 quoting Wise Money)
Or for UK loans seekers looking for a fast online loan calculator BUSINESS FINANCE APPLY NOW please click here now
Not sure what to do? Simply complete the form for a free no obligation quote and you can talk through your alternatives with our trained advisors.
If you are looking for a mortgage, even if you have a poor credit history, come to us first to see what we can do. Your poor credit history does not exclude you from getting a mortgage or remortgage.
Even if your poor credit rating has meant you’ve had special terms imposed on remortgage quotes in the past, we have access to a number of suppliers of poor credit remortgages and have been able to help many customers with a poor credit rating to arrange a suitable remortgage.
If features such as no early repayment penalties, transfer flexibility, or payment holidays are important to you these will be factored in to our search. If these features are not important to you, our team of advisors will base the search on finding you the most suitable mortgage available to suit your particular circumstances.
If you’ve had problems finding a regular mortgage because you can’t prove your income please talk to our lenders about a self certification mortgage. We work with a number of suppliers who are happy to consider self certification mortgages. If this sounds like the type of mortgage you need talk to one of our advisers today to see what we can do for you.
Once we have all the details, your self certification mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay.
For UK loans seekers looking for a fast online loans calculator APPLY NOW please click here now
Your loans can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive loans in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once yourapplication has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Labels: consolidate debt loans, Loan calculator, loans, UK loans rates
Thursday, July 16, 2009
Bad Credit Mortgage Refinance available for you now
Bad Credit Mortgage Refinance Home Loans are you suffering from a poor credit history? Have you been refused credit, or a loan, because of problems in the past?
If you have, or suspect you have been refused credit because of a bad credit history, we can still help. A bad credit history does not mean that you can’t get an unsecured bad credit loan. Every month literally 1000’s of people who have a bad credit history get granted a bad credit loan by using us.
* Bad Credit Mortgage Refinance are available to home owners
* Bad Credit Mortgage Refinance are available from £500 to £25,000
* Bad Credit Mortgage Refinance are available even if you have CCJ's, defaults, or a generally bad credit history.
For UK loans seekers looking for a fast online loans calculator BAD CREDIT MORTGAGE REFINANCE APPLY NOW please click here now
For UK mortgage refinance fast online mortgage calculator APPLY NOW please click here now
Being refused credit or having a bad credit rating is nothing to be ashamed of and we won't judge you either.
We may still be able to arrange an unsecured bad credit loan for you even if you've been turned down or refused credit many times.
A bad credit history is just that, history. So why not fill in our online form today for a free unsecured bad credit loan quotation and perhaps we can turn your bad credit history into a positive result.
We specialise in helping those previously refused by other companies and high street lenders. Finance for tenants, homeowners, and anybody with bad credit or credit difficulties such as CCJs, defaults or mortgage arrears.
We even arrange loans for the self-employed and those who have difficulty in proving their income.
No matter what you need, experienced and friendly advisors will guide you every step of the way - so your loan application goes ahead quickly, easily and completely hassle free.
What is an unsecured bad credit home loan?
An unsecured bad credit loan is for people who have had problems in the past, and now have a less than perfect credit rating. An unsecured bad credit loan does not require you to use your property as a guarantee or security for the loan either. As it is unsecured, the loan offers a little more flexibility to the borrower that does not wish to put their home at risk.
Who are the loans for?
Unsecured Bad Credit Home Loans are in the first instance, best suited to those with a bad credit history who do not wish to secure the loan against their property. In the second instance, an unsecured bad credit loan is often the only option for people or tenants who suffer with a bad credit history and have no property to secure the loan against.
Who can apply for a loan?
The simple answer is anybody can apply for an unsecured bad credit loan, however in reality before an application can be processed your age and employment status are taken into consideration.
You may need to arrange finance for a new car, a well-deserved holiday, home improvements, to pay school or university fees, or to pay off credit cards or an overdraft.
Your finance can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive finances in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once your application has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Labels: home loans, Loan calculator, loans, UK loans rates
Wednesday, July 15, 2009
Unsecured Personal Loans to your door in just 24 hours!
Unsecured personal loans through Wise Money can be couriered to your door in the UK in just 24 hours! As long as you are employed and you are over 18, you can apply.
£500 - £25,000
Sensible rates
Instant Yes or No
No money laundering documents
3 levels of PPP
Our courier delivers the funds to your door within 24hrs
For UK loans seekers looking for a fast online calculator UNSECURED PERSONAL LOANS APPLY NOW please click here now
Are you suffering with an impaired finance history? Have you been refused credit, or finance, because of problems in the past? If you have, or suspect you have been refused finance because of a bad credit history, we can still help. A bad credit history does not mean that you can’t get an unsecured finance. Every month literally 1000’s of people who have a poor history get granted additional finance by using us.
Being refused or having a poor rating is nothing to be ashamed of and our lenders will not judge you either.
We may still be able to arrange finance for you even if you've been turned down or refused many times.
A poor finance history is just that, history. So why not fill in our online form today for a free quotation and perhaps we can turn your past into a positive result.
What is non secured finance?
A unsettled poor history finance is for people who have had problems in the past, and now have a less than perfect rating. An unsecured finance does not require you to use your property as a guarantee or security for the money either. As the finance is not settled against a property, the finance offers a little more flexibility to the borrower that does not wish to put their home at risk.
Who are non secured finances designed for?
Poor history finances are, in the first instance, best suited to those with a poor history who do not wish to secure the finance against their property. In the second instance, unsettled finance is often the only option for people or tenants who suffer with an impaired history and have no property to balance the finance against.
Who can apply for finance?
The simple answer is anybody can apply for finance, however in reality before an application can be processed your age and employment status are taken into consideration.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Please click here now to APPLY NOW online here now
Life is difficult enough- escpecially during these credit crunch times. It is our intention to try and save you time, worry and money by finding you the best value, unbiased financial services. Deep Throat's adage during the Watergate crisis to the Washington Post was to follow the finance to uncover the truth. This is a maxim we endeavour to copy without any fuss or hassle as we try to offer the best value impartial finances for you. As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote!
Labels: loans, loans rates, sub prime loans, UK loans rates
Tuesday, July 14, 2009
Unsecured Loan to your door in just 24 hours
Unsecured loans through Wise Money can be couriered to your door in just 24 hours! As long as you are employed and you are over 18, you can apply.
£500 - £25,000
Sensible rates
Instant Yes or No
No money laundering documents
3 levels of PPP
Our courier delivers the funds to your door within 24hrs
Our lenders like to say Yes if you are a tenant and have no credit history, an adverse, bad or poor credit history, county court judgements (CCJs) or IVA - Individual Voluntary Arrangement.
You can borrow from £500 - £25,000 on an Unsecured Personal Loan to spend on anything you want. Whether it is for that dream holiday to the Caribbean, a new car or to consolidate existing debts. We could offer you the answer which you are looking for!
For UK loans seekers looking for a fast online UNSECURED LOAN calculator APPLY NOW please click here now
Our lenders arrange unsecured loans & finance for both Homeowners and Tenants, whatever your credit history. They arrange finance for anybody, even those knocked back by high street lenders or suffering with bad credit problems such as CCJs, defaults or mortgage arrears.
Non secured loans do not use your property as a guarantee or security against the loan. They are the best option for homeowners who do not wish to put their property at risk. Non secured finance is also the best option for students, private renters, council tenants and people living in housing association properties. The majority of people in the UK would prefer unsecured loans given the choice. Please apply online today Now.
Being refused credit or having a bad credit rating is nothing to be ashamed of and we won't judge you either.
We may still be able to arrange finance for you even if you've been turned down or refused credit many times.
A bad credit history is just that, history. So why not fill in our online form today for a free quotation and perhaps we can turn your bad credit history into a positive result.
Non secured bad credit is for people who have had problems in the past, and now have a less than perfect credit rating. A bad credit finance does not require you to use your property as a guarantee or security for the credit either. As it is uneffected, the finance offers a little more flexibility to the borrower that does not wish to put their home at risk.
Non secured finances are, in the first instance, best suited to those with a bad credit history who do not wish to settle the credit against their property. In the second instance, an unsecured bad credit is often the only option for people or tenants who suffer with a bad credit history and have no property to secure the finance against.
Who can apply for bad credit?
The simple answer is anybody can apply for bad credit finance, however in reality before an application can be processed your age and employment status are taken into consideration.As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
For UK credit seekers looking for a fast online application APPLY NOW please click here now
Labels: home loans, Loan calculator, loans, UK loans rates
Monday, July 13, 2009
Unsecured Bad Credit Loan to your door in just 24 hours!
Unsecured Bad Credit Loan- are you suffering with an impaired finance history?
Have you been refused credit, or a loan, because of problems in the past? If you have, or suspect you have been refused finance because of a bad credit history, we can still help. A bad credit history does not mean that you can’t get an unsecured finance. Every month literally 1000’s of people who have a poor history get granted additional finance by using us.
Sensible rates
Instant Yes or No
No money laundering documents
3 levels of PPP
Our courier delivers the funds to your door within 24hrs
For UK loans seekers looking for a fast online calculator UNSECURED BAD CREDIT LOANS please click here now
Being refused or having a poor rating is nothing to be ashamed of and our lenders will not judge you either.
We may still be able to arrange finance for you even if you've been turned down or refused many times.
A poor finance history is just that, history. So why not fill in our online form today for a free quotation and perhaps we can turn your past into a positive result.
What is non secured poor finance?
A unsettled poor history finance is for people who have had problems in the past, and now have a less than perfect rating. An unsecured finance does not require you to use your property as a guarantee or security for the money either. As the finance is not settled against a property, the finance offers a little more flexibility to the borrower that does not wish to put their home at risk.
Who are non secured poor finances designed for?
Poor history finances are, in the first instance, best suited to those with a poor history who do not wish to secure the finance against their property. In the second instance, unsettled finance is often the only option for people or tenants who suffer with an impaired history and have no property to balance the finance against.
Who can apply for finance?
The simple answer is anybody can apply for finance, however in reality before an application can be processed your age and employment status are taken into consideration.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Please click here now to APPLY NOW online here now
Life is difficult enough- escpecially during these crunch times. It is our intention to try and save you time, worry and money by finding you the best value, unbiased financial services. Deep Throat's adage during the Watergate crisis to the Washington Post was to follow the finance to uncover the truth. This is a maxim we endeavour to copy without any fuss or hassle as we try to offer the best value impartial finances for you. As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote!
Labels: consolidate debt loans, home loans, Loan calculator, UK loans rates
Wednesday, July 08, 2009
Mortgage Loans for self employed and people with bad credit histories
Mortgage Loans-If you want to purchase a house and you’re looking for a mortgage why not take a look at our house purchase mortgages?
Our team of advisors will help you to select the best mortgage from our range of lenders to suit your individual circumstances.
If features such as no early repayment penalties, transfer flexibility, or payment holidays are important to you these will be factored-in to our mortgage search. If these features are not important to you, our team of advisors will base the search on finding you the most suitable house purchase mortgage available to suit your particular circumstances.
Once we have all the details, your house purchase mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay. If you need a mortgage for your house purchase urgently you may like to consider a taking out a bridging loan to ensure your house purchase can go ahead quickly.
For UK mortgage holders looking for a fast online mortgage calculator APPLY NOW please click here now
For UK loans seekers looking for a fast online MORTGAGE LOANS APPLY NOW please click here now
Self Certification Mortgages- If you’re looking for a mortgage and can’t prove your income, a self certification mortgage may be just what you need.
Self certification mortgages are ideal if you can’t prove your income. This may be because you are self-employed, a freelancer, contractor or seasonal worker, or you may be paid on a commission-only basis, be an un-salaried company director or you may have more than one source of income such as income from investments.
If you’ve had problems finding a regular mortgage because you can’t prove your income please talk to our lenders about a self certification mortgage. We work with a number of suppliers who are happy to consider self certification mortgages. If this sounds like the type of mortgage you need talk to one of our advisers today to see what we can do for you.
Once we have all the details, your self certification mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay.
Any Purpose Remortgages If you are looking for a remortgage for any purpose you've come to the right place. We are confident we can provide you with a competitive quote for your remortgage. You can use the money you borrow for any purpose and we will process your application quickly so your money can be made available as soon as possible.
You may want your loan for major home improvement work, a holiday, to pay school or university fees, to consolidate debts or to provide financial support for your children. Whatever you need to loan the extra money for we will be happy to listen.
If you are looking for a mortgage, even if you have a poor credit history, come to us first to see what we can do. Your poor credit history does not exclude you from getting a mortgage or remortgage.
Even if your poor credit rating has meant you’ve had special terms imposed on remortgage quotes in the past, we have access to a number of suppliers of poor credit remortgages and have been able to help many customers with a poor credit rating to arrange a suitable remortgage.
Your finance can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive finances in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once yourapplication has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Labels: home loans, Loan calculator, loans, mortgage calculator, UK loans rates
Tuesday, July 07, 2009
Personal Loans Calculators in the UK
Personal Loans Calculator -You may want your loan for major home improvement work, a holiday, to pay school or university fees, or to provide financial support for your children.
Whatever you need to finance the extra money for we will be happy to listen.
Your loan can be for any purpose and once we have received your completed form your application will be processed quickly to ensure your finance is granted as soon as possible. Once your finance is granted you are free to spend your money on anything you wish.
Borrow £5,000 to £1,000,000
Borrow over 3 to 25 years
Simple, fast and straight forward
Free yourself from unwanted debts
For UK loans seekers looking for a fast online personal loans calculator PERSONAL LOANS CALCULATORS APPLY NOW please click here now
For UK mortgage holders looking for a fast online mortgage calculator APPLY NOW please click here now
Being refused credit or having a bad credit rating is nothing to be ashamed of and we won't judge you either.
We may still be able to arrange an unsecured bad credit loan for you even if you've been turned down or refused credit many times.
A bad credit history is just that, history. So why not fill in our online form today for a free unsecured bad credit loan quotation and perhaps we can turn your bad credit history into a positive result.
We specialise in helping those previously refused by other companies and high street lenders. Finance for tenants, homeowners, and anybody with bad credit or credit difficulties such as CCJs, defaults or mortgage arrears.
We even arrange loans for the self-employed and those who have difficulty in proving their income.
No matter what you need, experienced and friendly advisors will guide you every step of the way - so your application goes ahead quickly, easily and completely hassle free.
What is unsecured bad credit?
Unsecured bad credit is for people who have had problems in the past, and now have a less than perfect credit rating. An unsecured bad credit does not require you to use your property as a guarantee or security for the credit either. As it is unsecured, the credit offers a little more flexibility to the borrower that does not wish to put their home at risk.
Who are the finances for?
Unsecured Home Loan Calculator are in the first instance, best suited to those with a bad credit history who do not wish to secure the loan against their property. In the second instance, unsecured bad credit is often the only option for people or tenants who suffer with a bad credit history and have no property to secure the credit against.
Who can apply for credit?
The simple answer is anybody can apply for an unsecured bad credit loan, however in reality before an application can be processed your age and employment status are taken into consideration.
You may need to arrange finance for a new car, a well-deserved holiday, home improvements, to pay school or university fees, or to pay off credit cards or an overdraft.
Your finance can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your credit is granted you are free to spend the money on anything you wish.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive finances in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once your application has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Labels: home loans, Loan calculator, loans, sub prime loans, UK loans rates
Thursday, July 02, 2009
Home Loan Calculator for any purpose
Home Loan Calculator - You may want your loan for major home improvement work, a holiday, to pay school or university fees, or to provide financial support for your children. Whatever you need to loan the extra money for we will be happy to listen.
Your loan can be for any purpose and once we have received your completed homeowner loan form your loan application will be processed quickly to ensure your secured homeowner loan is granted as soon as possible. Once your loan is granted you are free to spend your money on anything you wish.
Borrow £5,000 to £1,000,000
Borrow over 3 to 25 years
Simple, fast and straight forward
Free yourself from unwanted debts
For UK loans seekers looking for a fast online home loan calculator APPLY NOW please click here now
Being refused credit or having a bad credit rating is nothing to be ashamed of and we won't judge you either.
We may still be able to arrange an unsecured bad credit loan for you even if you've been turned down or refused credit many times.
A bad credit history is just that, history. So why not fill in our online form today for a free unsecured bad credit loan quotation and perhaps we can turn your bad credit history into a positive result.
We specialise in helping those previously refused by other companies and high street lenders. Finance for tenants, homeowners, and anybody with bad credit or credit difficulties such as CCJs, defaults or mortgage arrears.
We even arrange loans for the self-employed and those who have difficulty in proving their income.
No matter what you need, experienced and friendly advisors will guide you every step of the way - so your loan application goes ahead quickly, easily and completely hassle free.
What is an unsecured bad credit home loan?
An unsecured bad credit loan is for people who have had problems in the past, and now have a less than perfect credit rating. An unsecured bad credit loan does not require you to use your property as a guarantee or security for the loan either. As it is unsecured, the loan offers a little more flexibility to the borrower that does not wish to put their home at risk.
Who arethe loans for?
Unsecured Home Loan Calculator are in the first instance, best suited to those with a bad credit history who do not wish to secure the loan against their property. In the second instance, an unsecured bad credit loan is often the only option for people or tenants who suffer with a bad credit history and have no property to secure the loan against.
Who can apply for a loan?
The simple answer is anybody can apply for an unsecured bad credit loan, however in reality before an application can be processed your age and employment status are taken into consideration.
You may need to arrange finance for a new car, a well-deserved holiday, home improvements, to pay school or university fees, or to pay off credit cards or an overdraft.
Your finance can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive finances in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once yourapplication has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Labels: consolidate debt loans, home loans, Loan calculator, UK loans rates
Wednesday, July 01, 2009
Debt Consolidation UK Loans for bad credit and self employed
People in adverse, poor and bad credit situations, tenants, arrears or court judgments- monthly payments can be consolidated and reduced by up to 70%
For debt consolidation UK loans seekers a fast online consolidate debt loans calculator APPLY NOW please click here now
For UK mortgage holders looking for a fast online mortgage calculator APPLY NOW please click here now
Debt Consolidation UK Loans- if your debts are becoming unmanageable you may be considering a debt consolidation loan. This may mean you will be repaying your loan for a longer term but debt consolidation loans could lower your monthly repayment to a more manageable amount.
Debt consolidation loans can be secured or unsecured: if you wish to borrow a considerable amount of money, or your credit history is poor, or you may just want the lowest possible interest rate, it may be necessary to secure your debt consolidation loan against an asset you own, usually your house. Talk to an Finance adviser to discuss your situation and they will help you decide the best option for your situation.
Borrow £5,000 to £1,000,000
Borrow over 3 to 25 years
Simple, fast and straight forward
Free yourself from unwanted debts
For UK loans seekers looking for a fast online consolidate debt loans calculator APPLY NOW please click here now
Bad Credit History Loans- Even if you’ve got a bad credit history you can still apply for help. A bad credit history should not put you off applying for a loan and we have helped many customers who have been turned down in the past by other lenders.
You may need a loan to provide extra cash, to buy a van, take a short break, or to pay off credit or an overdraft. Whatever you need the finance for we will consider your application.
Being refused credit or having a bad credit rating is nothing to be ashamed of and we won't judge you either.
We may still be able to arrange an unsecured bad credit loan for you even if you've been turned down or refused credit many times.
A bad credit history is just that, history. So why not fill in our online form today for a free unsecured bad credit loan quotation and perhaps we can turn your bad credit history into a positive result.
We specialise in helping those previously refused by other companies and high street lenders. Finance for tenants, homeowners, and anybody with bad credit or credit difficulties such as CCJs, defaults or mortgage arrears.
We even arrange loans for the self-employed and those who have difficulty in proving their income.
No matter what you need, experienced and friendly advisors will guide you every step of the way - so your loan application goes ahead quickly, easily and completely hassle free.
Any purpose loans- If you’re looking for loans for any purpose come and talk to us about your requirements. Whether you’re considering secured or unsecured loans, we will help you find the best loans with the lowest interest rate and the most preferential terms available to suit your individual circumstances.
You may need to arrange a loan for a new car, a well-deserved holiday, home improvements, to pay school or university fees, or to pay off credit cards or an overdraft.
Your loans can be for any purpose and your application will be processed quickly to ensure your loans are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
Personal loans- If you’re looking for ersonal finance talk to a adviser today to discuss your financing requirements. We work with a range of providers to ensure we can offer you good terms and interest rates on personal finance.
Your personal finance may be for any purpose, from a new vehicler to an overseas trip, whatever you want the additional money for we will try and help. Once your application has been processed, an in-principle decision can be made very quickly. When your application has been approved your money will be made available as soon as possible, and you are free to spend it as you wish.
Please click here now to APPLY NOW online here now
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: consolidate debt loans, Loan calculator, loans, loans rates, UK loans rates
Monday, June 29, 2009
Commercial Finance- an easy solution to your funding requirements.
Or for UK loans seekers looking for a fast online loan calculator COMMERCIAL FINANCE please click here now
Not sure what to do? Simply complete the form for a free no obligation quote and you can talk through your alternatives with our trained advisors.
If you are looking for a mortgage, even if you have a poor credit history, come to us first to see what we can do. Your poor credit history does not exclude you from getting a mortgage or remortgage.
If features such as no early repayment penalties, transfer flexibility, or payment holidays are important to you these will be factored in to our search. If these features are not important to you, our team of advisors will base the search on finding you the most suitable mortgage available to suit your particular circumstances.
Once we have all the details, your self certification mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay.
Your loans can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
Our lenders provide some of the most competitive loans in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
Please click here now to APPLY NOW online here now
Labels: consolidate debt loans, interest rates, Loan calculator, loans, UK loans rates
Friday, June 26, 2009
Car Loans auto finance for bad credit and self employed
People in adverse, poor and bad credit situations, tenants, arrears or court judgments- monthly payments can be consolidated and reduced by up to 70%
For UK car loans seekers looking for a fast online car loans calculator APPLY NOW please click here now
A car loan that isn’t a car loan! Do you have your heart set on that dream car but can't get the money together to pay for it? Have you been refused a car loan or car finance due to problems in the past? Regardless of your circumstances we can set you on the right track with an unsecured car loan for a used or new car.
An unsecured car loan is an excellent alternative to car finance. With low competitive rates, and much more flexibility, thousands of people are turning to unsecured car loans as a method of funding their new or used car purchase every week.
And remember, because the car loan is 100% unsecured you won't feel like someone else owns the car until the finance is repaid in full, the car will be all yours from day one. All we ask is that you are sure the loan repayments are affordable and that you can keep them up.
To apply for a car loan you need to be in full time employment, and of course you need to be able to make the regular monthly repayments on the car loan. With our help you could be driving away in your dream car in no time.
Actually our loans can be used for any purpose, new car, dream holiday, home improvements or even a deposit on your first home. You could even treat yourself with a car loan to pay for your new car and use the remaining funds to take your family on a well deserved break in your new car! Whatever you have in mind, Yes Loans can help you find the right solution.
Applying for a car loan is easy and straightforward. You can borrow any amount from £250 right upto £25,000, depending on your circumstances, over a period of time to suit you. Even if you have a bad credit history we can still say Yes, and at the same time we can help you rebuild your poor credit rating.
We accept well over 90% of all car loan applicants, regardless of their past credit history. So whether you're looking for a used, or a shiny brand new car to impress your mates, we have the right unsecured car loan waiting for you.
For UK car loans seekers looking for a fast online car loans calculator APPLY NOW please click here now
Bad Credit History Loans- Even if you’ve got a bad credit history you can still apply for help. A bad credit history should not put you off applying for a loan and we have helped many customers who have been turned down in the past by other lenders.
You may need a loan to provide extra cash, to buy a van, take a short break, or to pay off credit or an overdraft. Whatever you need the finance for we will consider your application.
Personal loans- If you’re looking for ersonal finance talk to a adviser today to discuss your financing requirements. We work with a range of providers to ensure we can offer you good terms and interest rates on personal finance.
Your personal finance may be for any purpose, from a new vehicler to an overseas trip, whatever you want the additional money for we will try and help. Once your application has been processed, an in-principle decision can be made very quickly. When your application has been approved your money will be made available as soon as possible, and you are free to spend it as you wish.
Please click here now to APPLY NOW online here now
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: Loan calculator, loans, loans rates, UK loans rates
Thursday, June 25, 2009
Business Finance- an easy solution to your commercial requirements.
Should your overall position be sufficiently strong then we may be able to step outside these guidelines.
KEY AREAS OF INTEREST:
Commercial mortgages
100% Commercial Loans (With Extra Security)
Property development for land purchase & development
BTL (No rental calculation) up to 75% LTV
Agriculture commercial
Standard BTL 85% (with 125% rental calculation)
Healthcare commercial & care homes
Large Commercial Loans available at rates from 2% above BBR
Hotels & restaurants
HMO’s (House of Multi Occupation) up to 70% LTV
Retail & franchising
Student and rental accommodation
Please remember business finance do not have stringent underwriting criteria. All cases vary and one lender may look at one risk differently from another. If you are in any doubt please contact us today on 0845 467 0127 quoting Wise Money)
Or for UK loans seekers looking for a fast online loan calculator APPLY NOW please click here now
Not sure what to do? Simply complete the form for a free no obligation quote and you can talk through your alternatives with our trained advisors.
If you are looking for a mortgage, even if you have a poor credit history, come to us first to see what we can do. Your poor credit history does not exclude you from getting a mortgage or remortgage.
Even if your poor credit rating has meant you’ve had special terms imposed on remortgage quotes in the past, we have access to a number of suppliers of poor credit remortgages and have been able to help many customers with a poor credit rating to arrange a suitable remortgage.
If features such as no early repayment penalties, transfer flexibility, or payment holidays are important to you these will be factored in to our search. If these features are not important to you, our team of advisors will base the search on finding you the most suitable mortgage available to suit your particular circumstances.
If you’ve had problems finding a regular mortgage because you can’t prove your income please talk to our lenders about a self certification mortgage. We work with a number of suppliers who are happy to consider self certification mortgages. If this sounds like the type of mortgage you need talk to one of our advisers today to see what we can do for you.
Once we have all the details, your self certification mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay.
For UK loans seekers looking for a fast online loans calculator APPLY NOW please click here now
Your loans can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive loans in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once yourapplication has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: Loan calculator, mortgage calculator, UK loans rates
Wednesday, June 24, 2009
Bridging Finance Loans for quickly raising money
A bridging loan can be used for a variety of reasons:
* If you need to purchase one property before completion on the sale of another.
* If you need to fund the purchase of a property abroad.
* If you need to fund the purchase of a ‘defective’ property, but repairs have not yet been done.
* If you simply does not want to lose the purchase of a new property (auction sales etc).
Closed Bridge – Lending Criteria
Lending up to 100% LTV. Lenders will NOT need to take a first legal charge on the property. Time Period – Approx 3 – 5 Days
Example of Closed Bridge
Person selling their property for £300,000 and buying a house for £250,000. We can arrange finance to lend £250,000 (83%LTV) to complete the property purchase.
Open Bridge Finance– Lending Criteria
Lending up to 75% LTV. The lender will require to take a first legal charge on the property. (If you already have a legal charge on the property, e.g a mortgage it will need to be repaid it from the bridge funds). Time Period to completion – 3 – 4 Weeks (Approximately) Bridging finance is usually for periods between 2-12 months.
Example of a Open Bridge Loan
Person selling their property for £300,000 and has a mortgage on that property for £50,000; looking to buying a house for £175,000. We can arrange finance to lend £225,000 (75%LTV) and would repay the £50,000 mortgage, leaving you with £175,000 to purchase the property.
Not sure what to do? Simply complete the form for a free no obligation quote and you can talk through your alternatives with our trained advisors.
For UK loans seekers looking for a fast online loans calculator APPLY NOW please click here now
If you are looking for a mortgage, even if you have a poor credit history, come to us first to see what we can do. Your poor credit history does not exclude you from getting a mortgage or remortgage.
Even if your poor credit rating has meant you’ve had special terms imposed on remortgage quotes in the past, we have access to a number of suppliers of poor credit remortgages and have been able to help many customers with a poor credit rating to arrange a suitable remortgage.
If features such as no early repayment penalties, transfer flexibility, or payment holidays are important to you these will be factored-in to our mortgage search. If these features are not important to you, our team of advisors will base the search on finding you the most suitable house purchase mortgage available to suit your particular circumstances.
Once we have all the details, your house purchase mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay.
Self Certification Mortgages- If you’re looking for a mortgage and can’t prove your income, a self certification mortgage may be just what you need.
Self certification mortgages are ideal if you can’t prove your income. This may be because you are self-employed, a freelancer, contractor or seasonal worker, or you may be paid on a commission-only basis, be an un-salaried company director or you may have more than one source of income such as income from investments.
If you’ve had problems finding a regular mortgage because you can’t prove your income please talk to our lenders about a self certification mortgage. We work with a number of suppliers who are happy to consider self certification mortgages. If this sounds like the type of mortgage you need talk to one of our advisers today to see what we can do for you.
Once we have all the details, your self certification mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay.
For UK loans seekers looking for a fast online loans calculator APPLY NOW please click here now
Your finance can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive finances in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once yourapplication has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: consolidate debt loans, home loans, Loan calculator, loans, UK loans rates
Tuesday, June 23, 2009
Bad Credit Personal Loans for you now
If you have, or suspect you have been refused credit because of a bad credit history, we can still help you.
A bad credit history does not mean that you can’t get an unsecured bad credit loan. Every month literally 1000’s of people who have a bad credit history get granted an unsecured bad credit loan by using us.
* Bad Credit Personal Loans for all types of tenants
* Bad Credit Personal Loans for home owners
* Bad Credit Personal Loans from £500 to £25,000
* Bad Credit Personal Loansl even if you have CCJ's, defaults, or a generally bad credit history.
For UK loans seekers looking for a fast online loans calculator APPLY NOW please click here now
Being refused credit or having a bad credit rating is nothing to be ashamed of and we won't judge you either.
We may still be able to arrange an unsecured bad credit loan for you even if you've been turned down or refused credit many times.
A bad credit history is just that, history. So why not fill in our online form today for a free unsecured bad credit loan quotation and perhaps we can turn your bad credit history into a positive result.
What is an unsecured bad credit loan?
An unsecured bad credit loan is for people who have had problems in the past, and now have a less than perfect credit rating. An unsecured bad credit loan does not require you to use your property as a guarantee or security for the loan either. As it is unsecured, the loan offers a little more flexibility to the borrower that does not wish to put their home at risk.
Who are unsecured bad Credit Personal Loans for?
Unsecured bad Credit Personal Loansthe first instance, best suited to those with a bad credit history who do not wish to secure the loan against their property. In the second instance, an unsecured bad credit loan is often the only option for people or tenants who suffer with a bad credit history and have no property to secure the loan against.
Who can apply for an unsecured bad credit loan?
The simple answer is anybody can apply for an unsecured bad credit loan, however in reality before an unsecured bad credit loan application can be processed your age and employment status are taken into consideration.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Please click here now to APPLY NOW online here now
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: home loans, loans, UK loans rates, uk recession
Monday, June 22, 2009
Bad Credit Mortgage Refinance available for you now
If you have, or suspect you have been refused credit because of a bad credit history, we can still help. A bad credit history does not mean that you can’t get an unsecured bad credit loan. Every month literally 1000’s of people who have a bad credit history get granted a bad credit loan by using us.
* Bad Credit Mortgage Refinance are available to home owners
* Bad Credit Mortgage Refinance are available from £500 to £25,000
* Bad Credit Mortgage Refinance are available even if you have CCJ's, defaults, or a generally bad credit history.
For UK loans seekers looking for a fast online Loans Calculator APPLY NOW please click here now
For UK mortgage refinance fast online Mortgage Calculator APPLY NOW please click here now
Being refused credit or having a bad credit rating is nothing to be ashamed of and we won't judge you either.
We may still be able to arrange an unsecured Bad Credit Loans for you even if you've been turned down or refused credit many times.
A bad credit history is just that, history. So why not fill in our online form today for a free unsecured bad credit loan quotation and perhaps we can turn your bad credit history into a positive result.
We specialise in helping those previously refused by other companies and high street lenders. Finance for tenants, homeowners, and anybody with bad credit or credit difficulties such as CCJs, defaults or mortgage arrears.
We even arrange loans for the self-employed and those who have difficulty in proving their income.
No matter what you need, experienced and friendly advisors will guide you every step of the way - so your loan application goes ahead quickly, easily and completely hassle free.
What is an unsecured bad credit home loan?
An unsecured bad credit loan is for people who have had problems in the past, and now have a less than perfect credit rating. An unsecured bad credit loan does not require you to use your property as a guarantee or security for the loan either. As it is unsecured, the loan offers a little more flexibility to the borrower that does not wish to put their home at risk.
Who are the loans for?
Unsecured Bad Credit Home Loans are in the first instance, best suited to those with a bad credit history who do not wish to secure the loan against their property. In the second instance, an unsecured bad credit loan is often the only option for people or tenants who suffer with a bad credit history and have no property to secure the loan against.
Who can apply for a loan?
The simple answer is anybody can apply for an unsecured bad credit loan, however in reality before an application can be processed your age and employment status are taken into consideration.
You may need to arrange finance for a new car, a well-deserved holiday, home improvements, to pay school or university fees, or to pay off credit cards or an overdraft.
Your finance can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive finances in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once your application has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: credit crunch, home loans, Loan calculator, mortgage calculator, refinancing rates, UK loans rates, uk recession
Thursday, June 18, 2009
Bad Credit Home Loans at Loans Calculators
If you have, or suspect you have been refused credit because of a bad credit history, we can still help. A bad credit history does not mean that you can’t get an unsecured bad credit loan. Every month literally 1000’s of people who have a bad credit history get granted an unsecured bad credit loan by using us.
* Bad Credit Home Loans are available to all types of tenants
* Bad Credit Home Loans are available to home owners
* Bad Credit Home Loans are available from £500 to £25,000
* Bad Credit Home Loans are available even if you have CCJ's, defaults, or a generally bad credit history.
For UK loans seekers looking for a fast online loans calculator APPLY NOW please click here now
Being refused credit or having a bad credit rating is nothing to be ashamed of and we won't judge you either.
We may still be able to arrange an unsecured Bad Credit Loan for you even if you've been turned down or refused credit many times.
A bad credit history is just that, history. So why not fill in our online form today for a free unsecured bad credit loan quotation and perhaps we can turn your bad credit history into a positive result.
We specialise in helping those previously refused by other companies and high street lenders. Finance for tenants, homeowners, and anybody with bad credit or credit difficulties such as CCJs, defaults or mortgage arrears.
We even arrange loans for the self-employed and those who have difficulty in proving their income.
No matter what you need, experienced and friendly advisors will guide you every step of the way - so your loan application goes ahead quickly, easily and completely hassle free.
What is an unsecured bad credit home loan?
An unsecured bad credit loan is for people who have had problems in the past, and now have a less than perfect credit rating. An unsecured bad credit loan does not require you to use your property as a guarantee or security for the loan either. As it is unsecured, the loan offers a little more flexibility to the borrower that does not wish to put their home at risk.
Who arethe loans for?
Unsecured Bad Credit Home Loans are in the first instance, best suited to those with a bad credit history who do not wish to secure the loan against their property. In the second instance, an unsecured bad credit loan is often the only option for people or tenants who suffer with a bad credit history and have no property to secure the loan against.
Who can apply for a loan?
The simple answer is anybody can apply for an unsecured bad credit loan, however in reality before an application can be processed your age and employment status are taken into consideration.
You may need to arrange finance for a new car, a well-deserved holiday, home improvements, to pay school or university fees, or to pay off credit cards or an overdraft.
Your finance can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive finances in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once yourapplication has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
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Labels: credit crunch, Loan calculator, refinancing rates, UK loans rates, uk recession
Wednesday, June 17, 2009
Loan Calculator- refinance for self employed and people with bad credit
Loan Calculator- refinance for self employed and people with bad credit histories
Loan Calculator- You may want finance for major home improvement work, a holiday, to pay school or university fees, to consolidate debts or to provide financial support for your children. Whatever you need the extra money for we will be happy to listen.Your finanec can be for any purpose and once we have received your completed homeowner form your application will be processed quickly to ensure your application is granted as soon as possible. Once your finance is granted you are free to spend your money on anything you wish.
Borrow £5,000 to £1,000,000
Borrow over 3 to 25 years
Simple, fast and straight forward
Free yourself from unwanted debts
For UK mortgage holders looking for a fast online MORTGAGE CALCULATOR please click here now
We may still be able to arrange an unsecured bad credit finance for you even if you've been turned down or refused credit many times.
A bad credit history is just that, history. So why not fill our online form today for a free unsecured bad credit quotation and perhaps we can turn your bad credit history into a positive result.We specialise in helping those previously refused by other companies and high street lenders. Finance for tenants, homeowners, and anybody with bad credit or credit difficulties such as CCJs, defaults or mortgage arrears.
We even arrange loans for the self-employed and those who have difficulty in proving their income.What is unsecured bad credit?
Unsecured bad credit is for people who have had problems in the past, and now have a less than perfect credit rating. Unsecured bad credit does not require you to use your property as a guarantee or security for the loan either. As it is unsecured, the loan offers a little more flexibility to the