mortgage Archive

  • Payment Protection Insurance – Barclays Challenge Government ruling

    Payment Protection Insurance – Barclays Challenge Government ruling

    Barclays scupper plans for PPI reform Plans to restrict the sale of payment protection insurance (PPI) at the point when loans or mortgage are granted have been set back following a successful appeal by Barclays bank. The Competition Appeal Tribunal has now been forced to...

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  • FSA orders GBP 60 Million Mortgage Protection Insurance Repayments

    FSA orders GBP 60 Million Mortgage Protection Insurance Repayments

    More than a million UK householders are to get refunds on their recent mortgage protection insurance monthly payments, after the City watchdog, the FSA, forced PPI providers including giant firms such as Aviva and Abbey; to pay back over GBP60 million in increased Mortgage Protection...

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  • Mortgage insurance – why be vulnerable?

    Mortgage insurance – why be vulnerable?

    Burgesses Insurance News has published an interesting article today looking at the rationale behind the purchasing of insurance as a protection vehicle, and questions why the public are disinterested and can’t be bothered when it comes to purchasing Mortgage Protection for the largest investment of...

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  • Mis-Sold Payment Protection Insurance? Claim It Back Now!

    Mis-Sold Payment Protection Insurance? Claim It Back Now!

    Have You Been Mis-Sold Payment Protection Insurance? If you took out a loan, mortgage or credit card from a bank or building society in the UK the chances are that you were mis-sold payment protection insurance or PPI as it is often known. The law...

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  • Government Loans for First Time buyers

    Government Loans for First Time buyers

    Those self serving suits from around Threadneedle Street who we saw exposed in Channel 4′s excellent documentary on non-executive banking directors, have been racking their brains recently on how to get the first time buyer market moving. Laughing into their cafe crappe they must be...

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  • 12800 UK homes repossesed in the first quarter of 2009

    12800 UK homes repossesed in the first quarter of 2009

    Despite the UK government saying they eould help keep people in their homes there were over 12000 repossessions in the UK in first quarter of 2009. There were 12,800 repossessions through the courts by first-charge on the property mortgage lenders and banks, in the first...

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  • Tenants at risk as Landlords are repossessed

    Tenants at risk as Landlords are repossessed

    Questions have been asked in the House of Commons regarding tenants who have been paying their rent and fulfilling all their other obligations but who nonetheless find they are at risk of losing their home. What protection do they have? We sympathise with tenants who...

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  • Avoid Home Repossessions with Mortgage Protection Insurance

    Avoid Home Repossessions with Mortgage Protection Insurance

    The Council of Mortgage Lenders has just published statistics on mortgage arrears and possessions. Worringly but hardly surprising, the figures for 2008 show a sharp rise on the same period last year. Key Facts include: • 5,000 fewer repossessions than forecast in 2008• 40,000 repossessions...

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  • Government to help halt non Mortgage Payment Repossessions

    Government to help halt non Mortgage Payment Repossessions

    The Government has announced a new scheme to help people who suffer a temporary loss of income stay in their home. The scheme will apply to mortgage holders who have mortgages up to £400,000. The ten biggest mortgage lenders have nodded approval to the scheme...

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  • Alliance and Leicester slash fixed rate mortgages!

    Alliance and Leicester slash fixed rate mortgages!

    Alliance & Leicester has launced a new range of mortgage products, with fixed rate mortgages being reduced by up to 0.90% in a bid to generate some demand. The new mortgage products will be available from Thursday 4 December 2008 and include: Two Year Fixed...

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  • House Prices tumble as sales dry up

    House Prices tumble as sales dry up

    New data from Royal Institution of Chartered Surveyors (RICS) has shown that house prices have fallen to a 30-year low over the last 3 month period and the number of surveys fell to the lowest since it began in 1978, with sales declining from 11.5...

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  • Bradford & Bingley Nationalised

    Bradford & Bingley Nationalised

    Hurrah !Now we the taxpayers rescue another failed business – Bradford and Bingley – and as a country are now the proud sponsors of Bradford City FC (as well as Newcastle Utd!). Bradford and Bingley (aka The Government) also sponsor the Bradford Bulls Foundation, Yorkshire...

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