Thursday, February 11, 2010
UK home repossessions reach 14 year high
As many as 46,000 people had their home repossessed last year, the highest level since 1995 and 15 per cent more than the previous year.
The figure from the Council of Mortgage Lenders is significantly below the group’s original forecast of 75,000, which was revised down twice to 48,000.
However, the CML predicts a sharp increase in repossessions and the number of people falling behind with their monthly mortgage payments this year.
It blamed uncertainty in the economy and possible interest rate rises putting additional pressure on households’ finances.
Charities and financial experts said it was “unacceptable” that so many people had lost their homes.
The Government claims schemes put in place to help borrowers in financial difficulty have helped 330,000 families stay in their homes. However, figures suggest only 92 families completed the Mortgage Rescue Scheme, where eligible families can either get an equity loan to reduce their mortgage, or sell their home and remain as tenants.
It comes as lenders are criticized for continuing to offer the best deals to those with a significant deposit.
Figures by personal finance website Moneyfacts suggested borrowers with deposits of just 5 per cent pay £4,728 more on an average two year fixed rate deal compared to those with a 25 per cent deposit. This is based on borrowers looking for a mortgage of £150,000.
The CML also revealed a sharp decline in the number of mortgages for landlords.
It said 93,000 buy-to-loans were approved last year, down 58 per cent on the previous year’s 222,700 and the lowest annual figure since 2001.
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
Tuesday, February 09, 2010
UK housing market freezes up as Britain's suffers winter weather
The latest survey from the Royal Institution of Chartered Surveyors found a fifth more estate agents reported a fall rather than a rise in the number of new buyers during January.
It is in sharp contrast to the 18 per cent more estate agents who reported a rise rather than a fall in house hunters during the previous month.
But despite the slowdown in activity, house prices continued to rise, with 32pc more surveyors reporting price increases in January than those who saw falls, up from 30pc more in December.
Surveyors remain confident that the dip in activity is temporary, with the proportion who expect prices to continue rising doubling during the month from a balance of 12pc to 24pc.
Estate agents said the cold weather at the beginning of the year badly affected business.
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, uk recession
Monday, February 08, 2010
More than 10,000 Britons declared insolvent every month
Although the recession maybe over, many households are still unable to live within their means.
And experts warned insolvency numbers will rise further once interest rates begin to head above their current low level of just 0.5 per cent.
The latest figures showed 134,142 people in England and Wales were declared insolvent last year, the highest level since records began in 1960 and a sharp increase on the previous record of 107,288 personal insolvencies in 2006.
The individual insolvencies consisted of 17,007 bankruptcies during the last three months of 2009, - which were up 24.9 per cent on the same period a year ago - and 13,219 of its less stringent form, Individual Voluntary Arrangements (IVAs) – which were up 26.3 per cent on the same period in 2008.
An IVA is an arrangement that is entered into with those owed money, while a bankruptcy involves a formal court order where assets are sold to pay off creditors.
An alternative to bankruptcy – a debt relief order – was introduced last April, but various restrictions limit those who can apply, such as not owning your own home and having debts of less than £15,000. There were 5,348 of these orders during the final quarter, up from 4,505 in the previous quarter.
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, uk recession
Thursday, February 04, 2010
Debt advice service can't cope with leap in demand
MPs described the Government's approach to advising people in debt as a "triumph of bureaucracy over practicality" and urged it to "shake up" its strategy to meet the increasing demand for help in the current economic climate.
The Public Accounts Committee said the Department for Business, Innovation and Skills' approach to debt advice was "unnecessarily complex", with more than 50 different projects and a number of funding streams.
Consumers owed £1.46 trillion in debt at the end of last year, with personal borrowing representing 160pc of household annual pre-tax income. The recession has caused demand for debt advice to soar, with research suggesting around one in 10 people are struggling to keep up with their borrowings.
But the Government's free face-to-face service struggled to cope with the 28pc rise in the number of people contacting it during the year to July 2009, leading to a quarter of agencies either turning consumers away or forcing them to wait for more than a month for help.
Richard Bacon, a member of the Public Accounts Committee, said: "At present, the Government is not always using the most cost-effective means of reaching people in need of help with their debts. It costs an average of £265 to provide face-to-face debt advice, but telephone advice costs just £51 and internet advice is cheaper still."
He said one in four people who saw a debt adviser face to face said they would actually have preferred to have been given advice over the telephone or through the internet.
He said: "The Department for Business, Innovation and Skills needs to use the money it deploys more effectively in order to address the gap between the demand for debt advice and the Department's current capacity to provide it."
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, sub prime loans
Wednesday, February 03, 2010
Money is the root of all evil for Britons
More than eight out of 10 people said they are experiencing some kind of worry, consumer analysts Mintel found.
And one in five admit to turning to drink when stressed, while more than one in 10 light up a cigarette, the survey of 2,000 people found.
The top five concerns were money (40 per cent), problems with friends and family members (25 per cent), health (24 per cent), stress at work (22 per cent) and job security (21 per cent).
And the top five ways of dealing with stress were socialising with friends and family (54 per cent), listening to music or reading a book (40 per cent), exercise (33 per cent), talking to people about how they feel (32 per cent) and spending one-on-one time with a partner (22 per cent).
'The fact that over half of us turns to our family and friends in times of trouble, compared to just 6 per cent who go to a professional, highlights the extent of the stigma attached to seeking professional help to deal with stress.
While one in four men turn to drink in times of worry, less than one in five women drown their sorrows in alcohol.
But women are more likely to turn to comfort foods than men.
And on the whole, it is the fairer sex that is likely to be more stressed out, with more than one in 10 saying they had five or more worries, compared to just one in 14 men.
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, loans, sub, uk recession
Tuesday, February 02, 2010
Demand for UK credit increases again
Unsecured consumer credit rose £52m in December, driven by credit card borrowing, the Bank of England said.
The number of mortgages approved for house purchases dipped slightly compared with November, to 59,023.
This was still higher than the average of the past six months, when the housing and mortgage markets picked up.
The trend during the downturn has been for consumers to pay off debts, often instead of saving when interest rates are so low.
For five consecutive months, repayments outstripped new unsecured consumer credit. However, in December, the trend reversed, the Bank of England's figures show.
This was primarily the result of borrowing on credit cards, which rose by £195m. Demand for personal loans and overdrafts remained low, with repayments outstripping new borrowing by £143m.
Total net lending to individuals rose by £1.2bn in December, double the average of the previous six months. The vast majority of lending is in the form of mortgages.
The number of people remortgaging rose slightly - to 27,276. This was still a traditionally low level as people chose to benefit from low interest rates by staying on their mortgage provider's variable rate when their fixed-rate deal came to an end.
The Bank rate is widely expected to remain at record lows for some months.
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, credit crunch, home loans, Loan calculator, loans
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
Thursday, January 28, 2010
Office of Fair Trading (OFT) offers debt case guidance
The Office of Fair Trading (OFT) said it was worried that some debtors were being misled about their ability to get their debts written off.
Thousands of claims have been launched in the past couple of years, against lenders, by borrowers trying to avoid repaying their debts.
The draft guidance focuses on the rules laid down by the Consumer Credit Act.
The OFT's guidance draws on recent rulings by Judge Waksman at the High Court in Manchester.
He confirmed that it was acceptable for lenders to produce reconstituted copies of original loan agreements, for the purposes of providing the borrower with information about their loan.
The OFT said: "Some debtors are being misled into thinking that these sections [of the Consumer Credit Act] can be used to get their debts written off and that some creditors are not following legal obligations to provide information to customers.
"The lender is allowed to provide a reconstituted agreement, as long as that version is accurate and contains all the original information apart from the few exceptions that the law allows (which include the signature, signature box and date of signature)."
The authorities have been worried that some claims management companies have been drumming up business by exaggerating the chance of clients getting their debts cancelled.
One of these is that lenders have to produce a "true copy" of the loan agreement within 12 days of being asked.
If a legible true copy cannot be produced then the loan is temporarily unenforceable, by way of a county court judgement, until such time as a copy can be found.
Some claims management companies have argued that the debts are permanently unenforceable in these circumstances.
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, loans, sub prime loans
Tuesday, January 26, 2010
UK mortgage approvals on the rise
But overall, mortgage approvals in 2009 were 27% lower than the previous year and the lowest since British Bankers' Association records started in 1997.
Some 45,897 home loans were approved for house purchases last month.
This showed the extent of the recent recovery in the mortgage market as it was double that of December 2008.
Gross mortgage lending by the High Street banks rose from £9.6bn in November to £10.2bn in December.
This was also 12.5% higher than December 2008, and was boosted - according to the British Bankers' Association (BBA) - by borrowers bringing loans forward before the stamp duty holiday came to an end.
The temporary stamp duty holiday on properties worth between £125,000 and £175,000 ended on 1 January 2010. It means buyers will again have to pay 1% tax on the value of homes worth more than £125,000.
According to the BBA, the level of those remortgaging remained low in December - at 23,480 - as people continued to choose to move to their lender's standard variable rate (SVR), rather than move to a new fixed-rate deal when their term came to an end.
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, mortgage calculator
Monday, January 25, 2010
Concern over pre paid card costs
An internal e-mail from the Department for Work and Pensions expresses concern at the lack of customer awareness.
One benefit office has received requests to pay benefits for almost 100 people directly onto these pre-paid cards, which incur charges.
The card providers say the cards promote financial inclusion.
However when staff at the Clyde and Fife Benefits Delivery Centre contacted customers before processing the requests, they found that the majority of customers were not aware of the charges.
One of the companies mentioned in the e-mail sent 46 applications to the benefit office requesting benefits to be paid on to a GO: Card.
The forms were accompanied by a letter from Go Money Solutions sales director, Steve Tobin. In the letter Mr Tobin says the forms were obtained "through face to face marketing" in the local area.
The DWP confirmed it had raised concerns with Go Money Solutions and it had subsequently revised its sales practices.
Minister Helen Goodman told Radio 4's Money Box: "Considering the charges that are associated with these cards, it is very unlikely that they are suitable for our customers.
"We certainly don't endorse them. There are much better options available for having your benefit/pension paid, such as the Post Office card account, a basic bank account or current account."
Online shopping
But Mr Tobin says the GO: Card offers much more in terms of financial inclusion, flexibility and convenience:
"We offer our customers the chance to take part in fully utilising the internet's many advantages in purchasing goods and services at considerably discounted prices and convenience. We do not charge for this facility."
While most banks offer basic banking facilities to all customers, many will not offer a debit card to people with a bad credit history. A pre-paid credit card is currently the only way those customers can shop online.
A GO: Card costs £10 to buy and a £7.50 annual management fee is charged after the first month. It costs a minimum of £1.25 and a maximum of £2.50 to have each benefit loaded on to the card and the same charges apply for each cash withdrawal.
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, sub prime loans
Monday, January 18, 2010
How to cut your credit card debts
If you've got a lot of debt sitting on your credit card following Christmas, and it's racking up a lot of interest, the first step you should take is to transfer that debt onto a 0% balance transfer credit card.
The top card to use at the moment is the Virgin Credit Card, which offers an interest free period on all balance transfers for 16 months. So this means you've got 16 months to start making progress tackling your debt without worrying about paying interest.
It's a good idea to set up a monthly standing order for your minimum monthly repayment to make sure you don't forget to make a payment each month. If you do, you could be charged a fee, lose your 0% deal, and possible get a black mark on your credit record.
Get budgeting
If you're struggling to pay off your debt, the most obvious way to tackle it is to throw as much money towards it as possible.
But if you're feeling a little strapped for cash, this might seem slightly daunting. So a good idea is to sit down and draw up a budget. To do this, work out exactly what your monthly outgoings and earnings are by using a statement of affairs calculator.
If you can't manage to get all of your credit card debts onto interest-free deals, you need to adopt the method of 'snowballing'.
To do this, simply work out which of your credit card debts is charging the most interest - this is the debt that will grow at the fastest rate, so it's the one you need to concentrate on.
Keep paying the minimum monthly payments on all of your borrowings, but put any spare cash towards your most expensive debt. Once you've paid off this debt, put the extra money towards the next most expensive debt, and so on. Leave your interest-free debt until last.
As I mentioned earlier, it's important to remember to pay the minimum monthly repayment (MMR) on your credit card each month. However, minimum monthly repayments are usually set at a ridiculously low level - often as low as 2% of your total card debt.
This means it will take you a long time to pay off your balance - typically more than 15 years on £1,000 of debt. This also means your debt becomes much more expensive, as you'll be paying a lot of interest over that period.
So it's a good idea to set up a direct debit and pay a fixed amount on top of the minimum monthly repayment each month. That way you will pay off the debt far quicker and you won't have to pay as much in interest. You can find more about minimum monthly repayments in The dangers of minimum payments.
Labels: consolidate debt loans, credit crunch, home loans, Loan calculator, uk recession
Friday, January 15, 2010
Illegal UK loans sharks profit from Christmas
The Financial Inclusion Centre said 100,000 families had borrowed a total of £29m from illegal money lenders.
The think tank said on average it would take a year to pay the money back as lenders recouped three times the value, with some interest rates up to 1,500%.
The average amount borrowed was £288, but the average repayment was £820.
Mick McAteer, director of the Financial Inclusion Centre, said: "Because of the financial crisis, the High Street banks are restricting the access to loans to those people they consider to be low risk or [have a] higher income.
"That tends to push more and more people out into the hands of loan sharks."
The research was commissioned by housing association Circle Anglia, after it noticed loan sharks increasingly targeting its residents.
The government's consumer minister, Kevin Brennan, said: "It is worrying that people are borrowing these sums of money from loan sharks, because they're illegal.
"In the law they don't have to pay it back, and my advice would be don't go to a loan shark if you need to borrow. Approach a credit union or one of our debt advice teams."
Chris Tapp, of charity Credit Action, urged people to contact the police if they fell victim to loan sharks, because the lending was illegal.
He said: "It often feels like the only option is to go for the person they know of locally, to go to the loan shark, but that's not actually the case.
"In a lot of communities now around Britain there are credit unions or local finance organisations that operate from the 'third sector'.
"They're not-for-profit organisations that can lend money at considerably lower rates.
"It's not actually as cheap as you'd get from a bank, but it's much cheaper than borrowing from an illegal lender."
Also, the government's social fund helps people on low incomes and on benefits when they need crisis loans immediately, he said.
Labels: consolidate debt loans, credit crunch, home loans, refinancing rates, sub prime loans
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
Monday, January 11, 2010
Sub prime lender may be about to re enter loans market
Rumour has it that management at the group met with bankers and lawyers last week to discuss the resumption of lending.
Paragon was forced to stop new lending in early 2008 because of higher funding costs amid the financial crisis. The group trades at a big discount to its net asset value, but usually trades at a premium when lending.
Labels: consolidate debt loans, credit crunch, home loans, Loan calculator, sub prime loans
Wednesday, December 23, 2009
UK consumers pay off debts
Figures from the British Bankers' Association (BBA) showed that total consumer credit has contracted by 2.2% over the last year.
But the number of mortgage approvals for house purchases has reached the same level as two years ago.There were 44,713 mortgages approved, up 2,161 on the previous month.
"Household priorities are showing up in the November figures," said David Dooks, statistics director for the BBA.
"Demand for new personal loans was weak and people are paying off debt or building savings in response to economic circumstances."
The BBA said that demand for personal loans was particularly weak and balances had fallen by £3.6bn over the year to date.
In November, people paid back £300m more in total than they took out in new credit.
This follows figures from the Office for National Statistics on Tuesday which showed that the household savings ratio - the percentage of disposable income that is saved - rose to its highest level since 1998.
In the third quarter of the year, the proportion rose to 8.7% of income, as against 7.6% in the previous three months.
The BBA figures showed that the increase in the amount of personal deposits and savings put in High Street bank accounts slowed in November compared with the previous month, but they were 3.9% up on the same month a year earlier.
So far this year, deposits have increased by more than £18bn, compared with £21bn in the same period of 2008.
Labels: consolidate debt loans, credit crunch, home loans, Loan calculator
Tuesday, December 22, 2009
MPs review credit rating systems
The report by the Treasury Committee failed to give any strong indication as to whether any changes should be made in the market.
Consumer groups argue that multiple searches affect the rates that people might be charged. But providers said information was shared between lenders to stop fraud.
The committee heard evidence in late October that shopping around for loans could affect people's credit ratings. This meant some missed out on credit or were put off shopping around.
However, the committee reported that it had not been given "overwhelming evidence that it is a major source of direct consumer detriment".
But it had also not been presented with "unequivocal evidence" that credit searches were essential for loan providers.
The committee called on the Office of Fair Trading to investigate the market, and for the Information Commissioner to look into whether the £2 fee charged to people who wanted to access their credit file was reasonable.
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, sub prime loans
Monday, December 21, 2009
iPhone apps to help you save money
For those still getting to grips with the world of "apps" these are simply applications that can be downloaded to an iPhone or iPod Touch, two of the most search for products this Christmas.
The iTunes store now has more than 90,000 of these applications, which offer games, city guides, travel planners, language dictionaries and music services. Some of these apps are free, and most cost less than £4.99.
And if you do not own an iPhone, Nokia, Orange, Samsung and BlackBerry have all launched their own application stores – although the choice of products is more limited.
Red Laser- this costs £1.19 and will scan any bar code for you then search for cheaper online prices using the Google product search.
Mobile phone owners may also want to download Mobile Allowance, for 59p, this app gives you a comprehensive reading of your mobile allowance, showing phone owners how many free minutes and texts they have left.
Reduce utility bills- Meter Readings is the most popular paid-for financial application, as it helps users keep track of their energy and water usage. Once you've entered your meter readings, the app will show your usage in a graph, showing what you use and what it costs.
For 59p, this app can configure up to three separate tariffs per meter, useful for electricity where different rates are charged during the day and at night. It's hoped that this will encourage people to reduce the amount of energy they use, switch their habits (eg use the washing machine overnight) and so cut bills.
There's often a large discrepancy between estimated readings and actual readings, so this app also makes sure you are not overcharged.
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
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 16, 2009
US to keep loans interest rates low
Releasing the minutes from its December meeting, the central bank committee left the lending rate at zero to 0.25 per cent. There has been no change to the rate since last December.
The Fed gave a more cheerful assessment of the economy than it had after its meeting last month.
It said that the environment had “continued to pick up”, with an improvement in the labour market, moderate expansion in household spending and signs of improvement in the housing sector.
But the Fed said that with considerable slack remaining in manufacturing capacity, there was little danger of inflation.
Also, although improving, unemployment is still high at 10 per cent and credit continues to be difficult to obtain, the bank said.
There have been concerns that the Fed’s ultra-low rates policy would fuel inflation.
However, Ben Bernanke, the Fed Chairman, considers low rates to be vital to sustaining the economic recovery.
The US Dollar Index, which tracks the greenback against other main currencies, rose to 76.983 points after the Fed’s more optimistic outlook for the economy, up from 76.815 pre-announcement.
Labels: Bernanke, FED, home loans, interest rates, loans rates
Tuesday, December 15, 2009
New debt repayment system talked about
Other initiatives are also taking place, coming from government, psychiatrists, the debt advice world and even from lenders. They are responding to the fact that mental health seems to be a more widespread factor in debt than was previously thought. The "one in four" statistic – one in four people with debt problems also suffers from depression or another condition – is well-established.
The problem is that debt can also induce depression as a natural reaction. "It's chicken and egg," says Frances Walker of the Consumer Credit Counselling Service. "Which comes first – debt or depression?" And Fred (not his real name), a debtor-turned-debt adviser, says: "Debt, depression and divorce, the three Ds, go hand in hand."
Until four years ago, there was very little assistance for the depressed or other mental health sufferers in this field. The notion that they might have special problems was something that was rarely discussed. Since then the work of some 20 or 30 committed people has pushed the issue up the agenda. So, only a week ago, a new form was launched which enables health and social care professionals to assist those who are unable to control their financial matters.
Help is at hand: Free debt advice
While those with enough money might prefer to employ the services of lawyers, accountants and other professionals to help them get out of financial difficulty, many people of limited means often require free debt advice. The organisations below can such help.
* Consumer Credit Counselling Service: www.cccs.co.uk and 0800 138 1111
* Citizens Advice: www.citizens advice.org.uk and via local advice centres
* National Debtline: www.nationaldebtline.co.uk 0808 808 4000
Debt woes: 'I felt suicidal. You lose all sense of proportion'
What to do if you are suffering depression or some other kind of mental illness:
1. Try to tackle your debts before they mount up. By confiding in someone else now rather than in a year you can save yourself money and years of worry.
"The idea that I was going to commit suicide over a debt of £5,600 seems incomprehensible now," says Fred (not his real name), a debtor-turned-debt adviser. "But you lose all sense of proportion."
2. Go to your doctor about the anxiety or mental illness aspect. People often attribute sleeplessness and agitation to worry, says Maggie Kirkpatrick of the Consumer Credit Counselling Service (CCCS).
3. Speak to someone else about your finances – a friend but, preferably, a debt adviser. They are used to dealing with these issues and will not be shocked. CCCS takes about 300,000 phone calls a year on debt problems. They can contact your debtors for you, listen to your story and help you get back on course.
4. Avoid doing nothing. You can find that bankruptcy proceedings are started against you if you simply do not reply to your creditors.
Labels: consolidate debt loans, credit crunch, home loans, refinancing rates
Monday, December 14, 2009
UK banks increase cost of personal loans
The cost of a best buy £5,000 loan has risen 1.54 per cent since the beginning of the year to 10.78 per cent despite interest rates being at a historic low of just 0.5 per cent.
The rise means customers will spend £162 a month over three years repaying the loan, or an extra £120 over the lifetime of the deal compared to last January.
The Bank of England disclosed last week that non-mortgage or credit card based lending fell by £0.7 billion in October, but experts said the decline was expected given the restricted choice of loans available.
“The UK economy has changed considerably since the credit crunch began and it is still changing. Lenders price their loans according to the economic factors of the time, and although there is still aggressive competition for customers, there are also harsh economic realities they have to deal with.
“They still have to fund their loans using a mix of wholesale money and customers’ deposits, and neither of these options is open to them at anything like the Bank of England’s base rate.”
Labels: Bank of England, home loans, interest rates, Loan calculator, loans
Friday, December 11, 2009
The cost of fixed rate loans tumbles
Nationwide and Abbey became the latest groups to announce they were reducing rates on their fixed rate deals.
They followed other major lenders such as Cheltenham & Gloucester, first direct, the Post Office and Yorkshire Building Society, which have already cut their home loans rates this month.
The flurry of rate cuts has caused the average interest rate charged on a two-year fixed-rate deal to fall from 4.93pc at the beginning of December to 4.86pc now.
Nationwide announced the biggest range of cuts, reducing the interest charged on about a quarter of its mortgages by up to 0.29pc, with the cost of tracker and fixed-rate deals falling.
The move leaves two-year fixed rate mortgages for people borrowing up to 70pc of their home's value at 3.69pc, while a two-year tracker product for someone with a 30pc deposit starts at 2.64pc. Both deals come with fees of £995.
Meanwhile, Abbey cut its four-year fee-free fixed-rate mortgage for current account customers borrowing 75pc of their home's value by 0.1pc to 4.89pc. It also launched new three-year and five-year fixed-rate deals.
A total of 13 lenders have reduced interest rates on their fixed rate mortgages so far this month, with Newcastle Building Society and the Post Office both cutting them by more than 1pc.
Newcastle Building Society also reduced the minimum deposits it requires from 25pc to 20pc.
Labels: home loans, Loan calculator
Thursday, December 10, 2009
UK loans interest rate remains at 0.5%
It also announced no changes to its programme of pumping newly-created money into the economy - so-called quantitative easing (QE).
In November, the Bank of England said it would inject another £25bn, taking the total planned under QE to £200bn.
The Bank cut interest rates to 0.5% in March in an attempt to boost the recession-hit economy.
Under QE, the Bank of England prints money to buy assets from banks and other companies to stimulate the economy.
The bank is expected to wait until the current QE programme runs out in January before considering whether it should be expanded.
Responding to the decision, some analysts believe interest rates could remain at the current level for the foreseeable future.
The Bank of England recently warned that the recovery would be "slow and protracted" and that it would take months for the full impact of its policies to be felt.
The British Chambers of Commerce have accused the Bank's Monetary Policy Committee and the government for not going far enough to help recovery.
Labels: credit crunch, home loans, home loans-rates-UK, Quantitative Easing
Wednesday, December 02, 2009
500,000 borrowers seek debt advice in three months
The charity said it dealt with 573,000 inquiries from people struggling to keep up with their borrowing during the three months to the end of September, 21pc more than during the same period of the previous year.
Debt problems are now the single biggest topic on which it offers advice and the charity has handled 3.06 million inquiries on the subject since the beginning of the recession in April last year.
Benefits account for the second most common issue on which people need help at 2.71 million, followed by employment and housing problems at 844,000 and 633,000 respectively.
There was a 28pc jump in people contacting the charity because they had fallen behind with their mortgage or a secured loan during the third quarter, compared with the same period of 2008, while there was a 38pc rise in people with fuel debts.
The number of benefit problems the charity dealt with were 21pc higher than a year ago, while employment problems are up by 17pc year-on-year.
The group is urging people to budget carefully over Christmas, to avoid starting 2010 with a debt hangover.
It is distributing leaflets giving people guidance on how to budget for the festive season.
Labels: consolidate debt loans, home loans, Loan calculator, loans, sub prime loans
Friday, November 27, 2009
Credit card debts are a major problem in the UK
Credit Card Consolidation
Many factors which results in high credit card debt. With debt consolidation services you will pay significantly less and have more money for yourself each month. You will also receive the benefit of credit card debt consolidation. Making all of your unsecured debt into one simple payment. You will pay off your credit debt much faster. This is not a loan. No home ownership required is ever required.
Debt Consolidation
Debt management plans are very common and are used by thousands of people each year to deal with large amounts of unsecured debt. This system is also referred to as debt consolidation because it involves consolidating all your debts into one plan with only one payment.
Under a payment plan of this sort, a debt management company sets up new arrangements with all your creditors, so that you have less money to find each month. You then make a fixed payment to the debt company every month until the date at which you become debt free again.
To set up a debt management plan you must have an income and be able to afford a reasonable amount for the monthly payment. If your situation is such that you cannot stretch to that, then debt settlement could be the solution for you.
Labels: consolidate debt loans, credit crunch, home loans, refinancing rates, sub prime loans
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
Wednesday, November 25, 2009
British banks win landmark overdraft ruling
Seven major banks and a building society had challenged High Court and Court of Appeal decisions that the charges come under "unfair contract" rules and are therefore subject to regulation by the Office of Fair Trading.
Today's result was awaited by tens of thousands of customers whose refund claims have been frozen while the test case went through the courts.
Handing down the unanimous ruling, Lord Phillips, president of the Supreme Court, said: "It may be open to the Office of Fair Trading to assess the charge under other criteria."
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.
If the banks had lost the test case, it could have cost them £2.6bn a year in lost revenue and led to their having to make refunds of up to £1bn.
Before refund claims were frozen, banks had already paid out more than £559m to customers who complained about "rip-off" overdraft charges.
Although many of the high street banks have already changed the structure of the fees they charge people who go into the red, with or without permission. Almost half of current accounts are already charge banking customers a monthly fee of as much as £25.
The test case to decide the legal issues thrown up by the dispute was brought jointly by the OFT and Abbey, Barclays, Clydesdale, Halifax Bank of Scotland and Lloyds TSB, which are now part of the same group, HSBC, Royal Bank of Scotland Group and Nationwide Building Society.
Lord Walker, one of the five Justices of the Supreme Court who heard the case, pointed out that the outcome of the appeal "may cause disappointment and indeed dismay to a very large number of bank customers who feel that they have been subjected to unfairly high charges in respect of unauthorised overdrafts".
But he said that as Lord Phillips had explained it was not the end of the matter and Parliament "may wish to consider the matter further".
Lady Hale said: "The banks may not be the most popular institutions in the country at present, but that does not mean that their methods of charging for retail banking services are necessarily unfair when reviewed as a whole."
Explaining the reasons for allowing the appeal, Lord Phillips said that the relevant charges are, as the banks argued, charges that require their customers to agree to pay as part of the price or remuneration for the package of services that they agree to supply in exchange.
Labels: consolidate debt loans, home loans
Tuesday, November 24, 2009
Credit repairs scams- how to avoid them
It is important that you recognize scams. There are legitimate creditors who do offer to get you out of debt but they would never promise anything in advance. Scams usually promise to clean your debt instantly or very quickly for a fee. They pose as legitimate credit report service that will only take hundreds of your money and vanish. They pose ads on television, radio and the newspaper. They never tell you much and sometimes, they will only advise you to file for bankruptcy after you pay them.
Since there are legitimate companies who do offer to repair your credit, what you can do is watch for the telltale signs that what you are responding to is a fraud. Most fraudulent credit report service will want you to pay their offered services even before they act on it. They would never advise you of your legal rights and if they do, they would omit some important details because they are only doing it for a show. After all, they would like to convince you that they are legitimate.
Once you tell them to "fix my credit score" they would not recommend that you contact a credit bureau directly but they would offer to do it for you. Sometimes, they would suggest that you make up a "new" report by applying for a different Employer Identification Number instead of your Social Security number.
Labels: consolidate debt loans, home loans, loans, sub prime loans
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
Thursday, November 19, 2009
ECB slows emergency cash support
ECB President Jean-Claude Trichet said some fiscal stimulus measures were no longer needed to the same extent.
He said any measures that pose "a threat to the achievement of price stability must be undone promptly and unequivocally".
The eurozone emerged from recession during the third quarter. Its annual inflation rate is currently 0.5%.
Back in June, eurozone inflation turned negative for the first time, falling to -0.1% after it was dragged down by lower energy and fuel prices.
In July 2008 it peaked at 4.1%, driven by the record oil prices at the time.
Crisis not over
Some economists have warned that the growth in the third quarter was purely driven by state aid, and fear the region will slip back into recession if it is removed.
Mr Trichet himself said that it is too early to declare the crisis over. "Recent financial developments have been more benign," he added. "However a significant volume of official support underlies these developments."
The central bank governor said he was keen to make sure the private sector does not become dependent on government, or central bank support.
He has already signalled that the bank is unlikely to renew its offer of 12-month bank loans after the third tranche in December.
Earlier this week, a second ECB council member also said the bank may offer fewer three-month and six-month loans next year.
Labels: ECB, home loans, Quantitative Easing, recession, refinancing 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
Friday, November 13, 2009
Buy to let home loans mortgage market shows signs of recovery
A total of £2.1bn was advanced to investment landlords during the three months to the end of September, 10pc more than during the previous quarter, the Council of Mortgage Lenders said.
But despite the improvement, the figure was still the second lowest since records began in 2006 and well down on the peak of £12.4bn lent during the third quarter of 2007. There was also a 10pc increase in the number of buy-to-let mortgages advanced during the three months, at 23,700, up from 21,600 during the previous quarter.
It said landlords with less than a 20pc equity stake in their property were being forced to stay on their lenders' revert rate when their existing deal came to an end, although it added that, with interest rates remaining low, this was relatively painless for them.
There was a slight increase in the number of buy to let properties that were repossessed by lenders during the third quarter, with this rising from 1,400 to 1,600, the equivalent of 0.14pc of all buy-to-let loans.
But there was a 32pc fall to 1,700 in the number of properties that had a receiver of rent appointed – an alternative to repossession that enables tenants to stay in their home.
The number of landlords who were in arrears also fell for the third quarter in a row, with 20,500 people in arrears of at least 1.5pc of their outstanding mortgage at the end of September, down from 22,900 three months earlier.
Labels: credit crunch, home loans, Loan calculator, sub prime loans
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
Wednesday, November 11, 2009
Money worries affects work performance
Around 5 per cent of people say they have taken time off work during the past 12 months because of their money worries, while seven out of 10 people admit they spend time thinking about their finances when they should be working.
More than a third of those questioned said their financial concerns prevented them from performing at their best, with 4 per cent saying they spend at least four hours a day worrying about money.
The most pressing concern for most people is paying their bills and repaying debt, although 35 per cent of those questioned said they were also worried about the economic recovery.
Just over half of people said they planned to try to save more, but 56 per cent admitted they did not set aside any time each month to manage their finances.
Labels: credit crunch, home loans, recession, sub prime loans, 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
Wednesday, November 04, 2009
US loans interest rates left unchanged
Despite the US economy growing 3.5% in July to September - its first expansion since June 2008 - rates were left unchanged to further aid the recovery.
The Fed reiterated its view that rates would need to stay at the historic low for an "extended period".
While economic activity had "continued to pick up", it said high unemployment remained a concern.
The most recent official jobless rate totalled 9.8% in September, a 26-year high.
Analysts have also cautioned that the economic expansion between July and September was greatly helped by President Obama's $787bn (£480bn) stimulus package, with some fearing that growth will slow markedly when this impetus comes to an end.
One of the most successful parts of the stimulus spending was the $3bn "cash for clunkers" car scrappage scheme, which gave people who traded in old cars $3,500 towards the cost of a new vehicle.
This initiative operated in July and August, giving US car sales a major boost in both months. Car sales subsequently fell sharply in September after the scheme had concluded.
US interest rates were cut to the current level of between 0% and 0.25% in December last year, where they have remained ever since.
Labels: home loans, interest rates, loans, US loans rates, US mortgage rates
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
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
Friday, October 23, 2009
Home loans owners pay 70 per cent more for mortgage payment protection insurance
Rising unemployment means companies offering mortgage payment protection insurance have increased their prices sharply during the recession to account for a greater number of claims.
It means the average monthly premium for those looking to buy a new policy has jumped from £12 to almost £22 in just over a year, or an annual increase of £120.
It comes after the City regulator the Financial Services Authority announced that providers have agreed to pay back £60 million to existing MPPI holders who have suffered any increases in premiums since the beginning of the year.
It said 2.1 million customers have the polices, of which half have seen price rises since the beginning of the year.
Rising unemployment has made MPPI policies attractive to home owners who are concerned about losing their jobs and being unable to pay their mortgage.
Unemployment continues to rise amid the longest recession since 1930s. It jumped to 2.47 million, up 88,000 from the three months to May 2009 and up 677,000 from a year earlier.
Economists said unemployment will surpass the three million mark, matching the job crises seen in the 1980s and 1990s recessions.
Labels: home loans, Loan calculator, mortgage calculator, unemployment
Thursday, October 22, 2009
Bank loans customers face authorised overdraft rate of 365pc
The change means customers with arranged overdrafts of up to £2,500 will be charged at £1 a day and those with arranged overdrafts of more than £2,500 will be hit with a fee of £2 a day.
Customers are being notified of the changes which come into effect on December 6.
Dominic Lindley, Which? personal finance campaigner, said: “This is bad news for any Halifax and Bank of Scotland customers who regularly use their overdraft as it’s effectively a big hike in charges. If you’re overdrawn by £100, a £1 a day charge is equivalent to 365 per cent.
“Anyone who’s unhappy with the new charging structure should vote with their feet by shopping around and switching to a current account that best suits their needs.”
Halifax pointed out that the new charging structure doesn’t have credit or debit interest just a daily fee.
A spokesman for Halifax said: “The vast majority of our customers don’t use their overdraft facility in an average month and those that do only go overdrawn for a few days usually at the end of the month.
“For customers who use their overdraft on a more regular basis we have specifically asked these customers to contact us so we can review their banking needs and ensure they are in the best account for their individual circumstances."
Labels: home loans, loans, loans rates, sub prime loans
Wednesday, October 21, 2009
Spooked investors short US rally
The Dow Jones industrial average ended down 92 points after having risen 78 points earlier in the day to a new high for the year.
The Dow Jones industrial average fell 92.12, or 0.9 per cent, to 9,949.36.
The market reacted well initially to news of record profits for banking giant Wells Fargo and positive earnings for Morgan Stanley after three consecutive quarterly losses, offset by news of a worse-than-expected loss of $1.56 billion for aerospace giant Boeing.
The main indexes were positive for much of the day, but Jon Ogg at 24/7 Wall Street said a downgrade of Wells Fargo from banking analyst Dick Bove appeared to prompt the late reversal in the market.
Britain’s top share index closed 0.3 per cent higher, was also lifted by the forecast-beating results from Morgan Stanley.
The FTSE 100 closed 14.45 points firmer at 5,257.85, after falling as low as 5,174.48 earlier in the day.
Labels: home loans, Loan calculator, Oil, sub prime loans
Tuesday, October 20, 2009
New house slump hits markets
The Dow Jones industrial average was down 74.89 points at 10,017.3 points at 2.15pm.
The drop came after new housing start figures for September fell below economists' expectations.
The figures, from the US Commerce Department, revealed the number of privately owned new homes on which construction has started is still 28.2 per cent below last year's rate of 822,000.
A separate study, from the Labor Department, showed producer prices dropped an unexpected 0.6 per cent in September. Analysts had forecast that prices would remain unchanged after rising 1.7 per cent in August.
The data overshadowed a series of strong corporate results.
Caterpillar saw profit in its third quarter fall 53 per cent but raised its full-year earnings outlook for 2009 and said it expects higher demand next year as the global economy improves.
Jim Owens, chief executive of Caterpillar, said: "We are seeing encouraging signs that indicate a recovery may be underway."
Pfizer, the drugs giant, also helped to lift investor sentiment, unveiling third quarter figures which topped Wall Street estimates.
The group, fresh from completing its $67 billion purchase of Wyeth last week, reported a 26 per cent rise in third quarter net earnings to $2.88 billion, or 43 cents a share, up from $2.28 billion, or 34 cents a share, a year earlier.
Coca-Cola, however, reported lower-than-expected quarterly revenue, hurt by declines across all its businesses, and said a weak economy would keep consumers under pressure next year, sending shares down 2.4 per cent.
In London, the FTSE 100 closed down 38.14 points at 5,243.40, having hit a fresh high for the year at 5,298.54 earlier in the session.
The biggest faller was Autonomy, the technology company, which dropped 138p or 8.65 per cent to £14.57 after its third quarter update missed expectations.
Barclays was another big loser, shedding 18.30p or 4.79 per cent to 363.75p after Qatari Holding, the sovereign wealth fund, said it was partially exiting its investment in the bank.
Labels: consolidate debt loans, home loans, inflation, new home sales
Monday, October 19, 2009
Home loans face tighter application red tape
Self-certification mortgages will be banned under the proposals with lenders required to verify borrowers' incomes.
FSA chief executive Hector Sants said that some people who were able to get home loans in the boom would no longer be able to under the proposed rules.
The industry will have until 30 January 2010 to comment on the plans.
The FSA, in its mortgage market review, has outlined a series of proposals for increasing regulation in the mortgage market.
All borrowers will have to show they have sufficient spare income to finance the repayment of their new home loans.
However, the FSA drew back from any ban on 100% mortgages, or any limit on loan-to-value levels. There was also no ban on loans over a certain multiple of borrowers' incomes.
However, it did not rule out such caps in the future, if the initial proposals failed to have a "sufficient effect".
"In the past, the prevailing regulatory philosophy was definitely based on the notion that banks would behave properly and not put themselves at risk and not put consumers at risk," he said.
"I think we just have to recognise that both firms and indeed consumers just don't always make the best decisions. They don't always act in their their best interest or indeed in the best collective interest of society. So we need a new approach to regulation."
Labels: consolidate debt loans, home loans, mortgage calculator
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
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
Wednesday, October 07, 2009
Australia raises loans rates from 49 year low
The move comes amid growing concern that the emergency rate cuts and liquidity operations put in place around the world over the last year may have set the stage for inflation and asset bubbles. Israel in August became the first developed economy to raise rates and South Korea could follow suit later this week.
In lifting Australia’s official cash rate by 0.25 percentage points from a 49 year low of 3 per cent, Glenn Stevens, governor of the Reserve Bank of Australia, said the economy had been stronger than expected, confidence had recovered and prospects for Asian trading partners “appear to be noticeably better”.
He said that Australia’s growth in 2010 was likely to “be close to trend”, interpreted by economists to mean 3 to 3.5 per cent, while suggesting the RBA was worried about a potential asset bubble in the housing market.
Investors cheered the news pushing the Australian dollar up by a percentage point against the US dollar, to 88.65 US cents.
Beyond Asia, Royal Bank of Canada predicted that “Norway will almost certainly be next at the end of this month and attention will turn to Canada and New Zealand”.
Australia managed to record only a quarter of gross domestic product contraction since the onset of the global downturn. The economy expanded 0.6 per cent between April and June compared with the previous quarter.
With Japan’s recovery from its harshest post-war slump still fragile, there are few expectations of a hike in the world’s second largest economy. The Bank of Japan cut its main policy rate to a meagre 0.1 per cent in December last year and the BoJ policy board voted unanimously to maintain the rate at its September meeting.
Labels: Aussie loans rates, consolidate debt loans, G20, home loans, Loan calculator
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
Monday, October 05, 2009
Britons pay off £7bn of home loans, says Bank of England
Recent falls in house prices and the economic downturn have put people off taking money out of their property, leading to equity withdrawal being negative for the fifth quarter in a row
The rate at which people are repaying their mortgages is broadly similar to the first quarter of the year, when home owners made net mortgage repayments of £7.3bn, according to the Bank of England.
Home owners' focus on paying down their mortgages is in stark contrast to previous years, when people released equity from their properties to fund large purchases.
While people's focus on paying off their debts may be more prudent than tapping into their housing wealth to supplement their spending, it is bad news for beleaguered retailers.
The figures show that households spent the equivalent of 2.9pc of their post-tax income on reducing their mortgages. The latest figures are a far cry from the record £17.09bn of equity that was unlocked during the final quarter of 2003.
Equity withdrawal enables home owners to cash in on rising house prices by increasing their mortgages to convert some of the rise in the value of their home into cash. The money is typically used to fund big purchases such as cars or home improvements, or for debt consolidation.
But while people feel confident about increasing the size of their mortgage debt when house prices are booming, they are far less inclined to do so when they are falling and unemployment is rising.
House price falls of more than 20pc since the market peaked in July 2007 also mean many people no longer have sufficient equity left in their property for them to withdraw, even though house prices rose for the fifth month in a row in September, according to new figures from Nationwide Building Society.
The credit crunch has also led to banks and building societies tightening their lending criteria, making it more difficult and expensive for people to extend their mortgage, particularly if they have only a small equity stake left in their home.
Labels: Bank of England, consolidate debt loans, credit crunch, home loans, Loan calculator, loans, mortgage calculator
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
Monday, September 28, 2009
Bank of England defends Mervyn King over loans rates
Sterling dropped below €1.09 and $1.60 on Friday, its lowest for nearly six months and four months respectively.
Market traders attributed the weakness to a Bank bulletin last week which suggested that the Pound’s “sustainable” exchange rate had fallen. It was followed by an interview with King, in which he said the lower pound was “helpful” for the rebalancing of the economy.
Traders accused the Bank of trying to talk down the pound deliberately. It countered that the bulletin comment was an attempt to explain the fall in sterling that had already occurred since 2007, and was not a suggestion that it should fall further.
Labels: Bank of England, consolidate debt loans, falling interest rates, home loans, interest 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
Thursday, September 24, 2009
Bank of England says UK recovery could prove a false dawn
According to the minutes of the Bank’s rate-setting meeting this month, published yesterday, all nine members of its Monetary Policy Committee (MPC) voted to maintain Britain’s key interest rate at its record low of 0.5 per cent.
Giving an economic overview, the minutes said: “There had been a number of developments during the month with positive implications for the short term . . . But the lesson from previous financial crises was that they were not resolved quickly, and that there could be false dawns.
“The banking system still had to complete a process of balance sheet adjustment . . . High levels of public debt internationally and the persistence of global imbalances remained downside risks to the sustainability of the recovery.”
The minutes noted “the medium-term outlook had not changed markedly” since the new QE level was agreed last month”, adding that “in the absence of significant news about the medium term the case for adjusting the programme was now outweighed by the benefits of following through with the programme of asset purchases announced in August”.
Although Mr King and Mr Miles switched sides for this month’s QE vote, they still believe there could be a case for increasing the programme in the event that the fragile economic recovery falters. On Tuesday the Bank will host a seminar for about 50 of London’s leading economists to address queries over its efforts to pump cash into the economy -- a development that the MPC remains concerned about.
Labels: Bank of England, home loans, interest rates, MPC, Quantitative Easing
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
Friday, September 18, 2009
UK labour goverment borrowing highest on record
It was the largest increase in the amount of new debt held by the UK Government since records began.
With the recession continuing to eat into government tax receipts, the Office for National Statistics said that public sector net borrowing hit £16.1 billion, up from £9.8 billion a year ago.
The figures will deal a further blow to Chancellor Alistair Darling’s hopes of restoring order to the nation’s finances.
The increase pushed net borrowing to £65.3 billion for the five months of the financial year so far, according to the ONS. That is more than twice the £26.1 billion seen at the same stage last year.
The public sector posted a net cash requirement of £10.3 billion in August - double the level of the same month a year ago.
Labels: credit crunch, home loans, Loan calculator, loans, uk recession
Monday, September 14, 2009
House prices will take five years to return to peak
The recent rise in property values is a “false dawn” that will not last beyond spring, Hetal Mehta, Item’s senior economic adviser, said. In a special report released today, Item predicts that homeowners are in for a drop in prices in next year’s first half and then two years of stagnation.
The housing market is sicklier than many think because several fundamental problems have not been solved. First-time buyers are continuing to find it very tough to get on the ladder, banks are reluctant to lend and many homeowners are trapped in negative equity and do not want to crystallise losses, Item said.
Would-be buyers would also be inhibited by a lack of attractive mortgage offers, Item believes. Although banks have promised to increase lending to mortgage customers, a greater priority is shrinking their balance sheets by reducing lending, it said. Mortgage availability was slightly up amid a plethora of funding packages created by the Government, but will stay very restricted, according to Item.
Labels: home loans, interest rates, mortgage calculator, unemployment
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
Wednesday, September 02, 2009
International Finance and Mortgages through Loans Calculators
We have helped thousands of people to arrange their mortgages in over 45 countries by working closely with overseas lenders and property professionals helping you to buy your property, whether this is for your own personal use or for investment purposes.
Our experienced teams of specialists ensure that every step of arranging your mortgage is handled promptly, efficiently and professionally. Fully independent, we can give you a free pre-application mortgage calculation to help in your search for a property.
. New countries continually added to mortgage portfolio
. In-depth local knowledge of all documentation required for various lenders, leading to faster mortgage offers. Use of extensive database of all relevant professionals, such as lawyers, surveyors, currency exchange and offshore company formation experts
. Competitive and exclusive lending terms
. Partnerships with expert companies that can support every step of the overseas property purchase
For more information on finances in your chosen country and to find out how much you can borrow, please explore the links below:
International Finances Services- about our service companies
We can provide you with information on different methods by which you can raise the deposit for your overseas property. The choice will depend on your financial circumstances, and will be linked to your income, assets or both. You can make these arrangements using Conti or Anchor Mortgages, our own UK specialist, or through your own sources.
We have partnerships with two UK based international law firms which, between them, are represented in every one of the countries where we provide mortgage products. This ensures that your application and purchase are dealt with by lawyers entirely familiar with the legal processes in the country concerned, and that you have a tried and tested resource to guide you - who also speaks your language!
Buildings insurance for the building you are purchasing will normally be a requirement of any mortgage offer. We can direct you to intermediaries who specialise in providing insurance for both Buildings and Contents in all the countries in which we operate. The policy will be provided in the UK, written in English, and by an insurer regulated in the UK by the Financial Services Authority.
Part of the mortgage process may involve setting up a bank account in the country where you are purchasing, and it will be in your interests to obtain the best possible exchange rates into the local currency. We have a facility with one of the biggest Currency Exchange companies in the UK to assist you with this.
For more information on finances in your chosen country and to find out how much you can borrow, please explore the links below:
Labels: home loans, Loan calculator, loans, mortgage calculator
Friday, August 28, 2009
Adverse credit loans remortgage and refinance
Rates offered on adverse credit remortgage
Fixed rates: This keeps your interest rate same throughout the mortgage and helps you to preplan your budget. But with this option you cannot enjoy any drop in the interest rates in the future. Variable rates: This is also offered as the standard variable rate and fluctuates with the change in the national rates. This means that your interest rates would not be fixed throughout the loan term and would change every month.
Capped rates: This rate means that your monthly payments would not exceed a limited amount every month however, within this limit the interest rates would vary according to the variable rates.
UK Loans Calculators for a fast online application, decision and payout APPLY NOW please click here now
Why should you opt for these loans
With the help of these loans you can convert your variable interest into fixed rate. You can increase or decrease the term of your loan and also opt for more flexible options for the loan. However, it is important that you review your adverse credit remortgage loan before signing the agreement.
What should you check before signing
Before you apply for these loans check the mortgage rates prevailing in the market and get an idea about the interest rate that would be charged for adverse credit. If you find that the interest rates are low then you can go ahead and apply for the remortgage loan. Besides this keep a track about the other fees that the lender is charging you.
Make sure that you are aware of all the costs related to the adverse credit remortgage loan. It is important that you be careful while taking these loans, as there are many lenders in the market who try and take advantage of such people. Ask about the pre-payment penalties and the rest of the charges like solicitor fees, property appraisal fee etc.
Where to apply? Right Here!
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, refinancing rates, sub prime loans
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 17, 2009
Credit Cards USA
- More than 70 credit cards available from major card issuers, including:
Labels: home loans, Loan calculator, loans, sub prime loans, US loans rates
Friday, August 07, 2009
Refinance Mortgage for self employed and people with bad credit histories
Refinance Mortgage- 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.
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.
Mortgage Finance- 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.
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, mortgage calculator, refinancing rates
Thursday, August 06, 2009
Refinance Calculator for self employed and people with bad credit histories
Refinance Calculator- 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.
For UK mortgage holders looking for a fast online mortgage calculator REFINANCE CALCULATOR APPLY NOW please click here now
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.
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.
Mortgage Finance- 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.
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, refinancing rates
Wednesday, August 05, 2009
Mortgage Refinance for the self employed and people with bad credit histories
Mortgage Refinance- 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.
For UK mortgage holders looking for a fast online mortgage calculator MORTGAGE REFINANCE, APPLY NOW please click here now
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.
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.
Mortgage Finance- 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.
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, refinancing 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
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
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
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
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
Thursday, July 09, 2009
Self Employed Loans including bad credit and debt consolidation
Self Employed Loans by Wise Money- UK calculators and UK mortgage calculators for 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 UK loans seekers a fast online calculator SELF E