Debt management is a way of consolidating all your outstanding unsecured credit payments into one single monthly payment without taking out any further finance. It can help those consumers who can no longer continue paying the monthly repayments on their unsecured credit and those who cannot obtain any further finance. The consumer has one monthly payment to pay the debt…
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Help for homeowners sruggling with their payments
The Financial Services Authority (FSA) has launched a website which aims to provide help and advice to homeowners who may be struggling with their finances. The website is www.moneymadeclear.fsa.gov.uk/ and offers tips on how to manage your payments and how to avoid getting into arrears. As consumers face an onslaught of rising fuel, energy and mortgage payments many more people…
Recession
The Bank of England has warned that the UK economy could now face recession this year. Expectations for consumer price index inflation have been revised upwards and are now expected to increase to 3.7% by the end of 2008. Gross Domestic Product estimates have also been revised downwards. Rising inflation threatens further rate increases which will reduce growth. Rising prices…
Stagflation
Stagflation is a relatively new term that has been banded about recently. Stagflation is a very real and very important condition that could seriously damage the economy in the UK. Stagflation is essentially a combination of stagnation and inflation and it normally occurs when an economy moves into recession but retains a high inflation rate. This toxic combination has not…
Sick of all the doom and gloom?
The continual depressing reports in the press regarding the impact of the credit crunch is enough to make the most optimistic of people feel deflated. However, it is worth asking how much of these press reports are based on solid data and those that are based on the need to put out scaremongering headlines which sell papers. There is no…
Cheshire Mortgage Corporation
Cheshire Mortgage Corporation is the first charge residential lending arm of Blemain Group. Cheshire Mortgage Corporation specialise in the adverse credit market and offer mortgages regardless of your arrears or County Court Judgment situation. You must have at least 35% equity in your property to conduct a remortgage through them. Cheshire Mortgage Corporation's products can be accessed directly via Solution…
Money Partners
Solution Mortgages are pleased to announce they have been selected by Money Partners to act as one of twenty key partners to distribute their revised financial products and confirms our status as a master broker. Money Partners has recently been acquired by Goldman Sachs and are now looking to actively lend in the sub prime market again. Money Partners mortgage…
MPC holds interest rates at 5%
The Bank of England's decision to hold interest rates at 5% comes as no surprise due to the inflationary pressures that are effecting the economy at present. It was still likely to be a tough decision for the MPC members as the UK public are being squeezed financially with the cost of mortgages, fuel, food and energy costs. There are…
Buy-to-let market 'strong'
It has been reported that the Buy to Let market remains strong despite downbeat statements from Bradford & Bingley yesterday. Well established landlords are continuing to benefit from strong and rising rental demand. It has been reported that rental income has gone up by 6% this year. Amateur landlords may be struggling with their mortgage payments but this is a…
UK Interest rates could drop to 4% next year
The Bank of England base rate could eventually drop to around 4% by the end of 2009. Although the current focus for the Monetary Policy Committee (MPC) is on keeping inflation in check which is proving difficult and means that there is unlikely to be any downward movements in interest rates in the short term. However there is likely to…