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Sell and Rent Back – Energy Bills Arrears
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25/05/2010
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Sell and Rent Back
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Hits:
3
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According to an estimate by uSwitch, UK consumers currently owe approximately £728 million on energy bills. While some figures seem promising, such as the numbers showing that 5.5 million households (21%) are currently in debt to their energy suppliers, compared...
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Sell Home Fast Bills Increase
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18/08/2009
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Sell Home Fast
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Hits:
3
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News from OFWAT that water bills in England and Wales will increase about 4.1% in the year from April highlights the rise of many bills in general lately. Car insurance premiums have sharply risen, and the new water bill rates will cost the average UK customer...
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Tackling Rising Bills
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19/09/2008
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Debt
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Hits:
3
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The rate of inflation has risen to 4.7%; new unemployment figures released this week show 5.5% of the working population were without a job during the three months ending July 2008; those claiming Job Seekers’ Allowance have increased, the number of redundancies...
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Tackling Rising Bills
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19/09/2008
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Sell and Rent Back
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Hits:
3
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The rate of inflation has risen to 4.7%; new unemployment figures released this week show 5.5% of the working population were without a job during the three months ending July 2008; those claiming Job Seekers’ Allowance have increased, the number of redundancies...
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Sell Home Quick – 7% Energy Rise
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22/11/2010
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Sell Home Fast
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Hits:
2
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British Gas has announced that customers will see a 7% increase in electricity and gas bills this winter, making it the second major energy supplier in the UK to announce an increase in prices for this winter.
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Sell House Quick – More Government Borrowing
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29/10/2010
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Sell Home Fast
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Hits:
2
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New figures released by the Office for National Statistics reveal that government borrowing has increased, with a record £16.2 billion borrowed in September to close the public finances gap. This is the highest recorded borrowing for September, up from £14.8...
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Sell House Fast blow to Mortgage Lending
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26/10/2010
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Sell Home Fast
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Hits:
2
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Data gathered by the Council of Mortgage Lenders (CML) indicates that, while lending picked up some during the spring, it is now stagnating and remains subdued. The September lending total was £12 billion, which is the lowest lending has been in the month...
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Sell Home Fast – Insufficient Medical Cover
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27/07/2010
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Sell Home Fast
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Hits:
2
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The most recent British Behavior Abroad annual report, which is based on cases reported to the staff of the Foreign Office between April 2009 and March 2010, shows that elderly Britons traveling abroad often face costly bills for medical treatment and repatriation...
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Sell House Quick – Pension Deficit Widens
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24/06/2010
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Sell Home Fast
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Hits:
2
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The Pension Protection Fund (PPF) reported a significant increase in the collective deficit of the private sector’s final salary pension schemes in the UK. By the end of May, the collective deficit of the 7,300 PPF-monitored schemes expanded to £42 billion,...
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Sell House Fast Facing Repossession
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13/01/2010
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Sell Home Fast
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Hits:
2
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During 2009, over 130 homes were lost to repossession per day. On top of this, 386 people per day declared insolvency or bankruptcy, and many, many more are struggling as they fight the uphill battle of managing increasing household debt and trying to pay...
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Sell House Fast VAT Up
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06/01/2010
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Sell Home Fast
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Hits:
2
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Recently, families have enjoyed lower monthly bills due to the government’s efforts to boost the UK economy by temporarily reducing the VAT from 17.5% to 15%. However...
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Sell House Fast Recession Worst Hit Areas
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13/11/2009
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Sell Home Fast
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Hits:
2
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In a surprising twist on what was generally expected, the manufacturing sector has lost 8.5% of its jobs, while the business and finance sector has lost only 3.8%. Due to the bank crisis, many believed that the white collar job market would suffer the most....
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Another Kick Start To End The Recession
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11/03/2009
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Debt
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Hits:
2
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Today the Bank of England releases the first tranch of cash into the economy under its new policy called quantitative easing, whereby it is buying up government assets and debts so that it can inject more money into the economy.
The Bank plans to raise...
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Interest Rates - A Licence To Print Money?
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06/03/2009
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Repossession
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Hits:
2
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The Bank of England has announced a further reduction in interest rates to 0.5% in an attempt to get the High Street banks lending again and ease the flow of money, especially to businesses.
The Council of Mortgage Lenders is warning that all time low...
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UK Property Prices
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27/02/2009
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Housing Crash
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Hits:
2
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UK property prices are being driven down by pent-up supply and decreased demand. Since 2007, the UK property market has been struggling. These difficulties are expected to continue through 2009.
The Rightmove House Price Index saw UK residential property...
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Housing Prices Crash - The UK Property Market
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25/02/2009
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Housing Crash
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Hits:
2
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The current condition of the UK property market has certainly raised eyebrows among the top industry analysts. After substantiating itself in the preceding years, UK home prices have taken a deep plunge after 2007. The decline has continued unabated for almost...
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Options for First Time Buyers
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16/02/2009
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Mortgages
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Hits:
2
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Since the last two decades, banks and estate agents have been providing more versatile options to the first time buyers of a home. These options have enabled many young and newly married partners to buy a property; a luxury that they couldn’t afford in the...
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Options for First Time Buyers
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16/02/2009
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First Time Buyers
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Hits:
2
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Since the last two decades, banks and estate agents have been providing more versatile options to the first time buyers of a home. These options have enabled many young and newly married partners to buy a property; a luxury that they couldn’t afford in the...
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Property Prices and Bank Lending
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10/02/2009
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House Prices
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Hits:
2
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The state of the world’s economy is in crisis and its effects are being felt by the lenders and home owners. The average price of a home in the UK has been falling continuously since the autumn of 2007. Although, the lending institutions are trying their best...
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Sobering Stats On Unemployment
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21/01/2009
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Repossession
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Hits:
2
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The latest unemployment figures show 1.92 million people were out of work at the end of November last year. Bearing in mind that almost two months have passed since this time and further redundancies are being announced on an almost daily basis, this figure...
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Sobering Stats On Unemployment
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21/01/2009
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Unemployment
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Hits:
2
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The latest unemployment figures show 1.92 million people were out of work at the end of November last year. Bearing in mind that almost two months have passed since this time and further redundancies are being announced on an almost daily basis, this figure...
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Paying for Christmas
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12/12/2008
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Stop Repossession
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Hits:
2
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It’s that time of year when we all become frazzled with the chores of Christmas, the biggest of which is undoubtedly the Christmas shopping. Finding original presents for everyone can be a real nightmare and when money is tight the whole task is even more...
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Paying for Christmas
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12/12/2008
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Sell Home Fast
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Hits:
2
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It’s that time of year when we all become frazzled with the chores of Christmas, the biggest of which is undoubtedly the Christmas shopping. Finding original presents for everyone can be a real nightmare and when money is tight the whole task is even more...
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Paying for Christmas
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12/12/2008
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Sell and Rent Back
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Hits:
2
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It’s that time of year when we all become frazzled with the chores of Christmas, the biggest of which is undoubtedly the Christmas shopping. Finding original presents for everyone can be a real nightmare and when money is tight the whole task is even more...
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The Big Spend?
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02/12/2008
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Sell and Rent Back
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Hits:
2
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The Treasury has announced big spending plans to reinvigorate the economy. A total of £12.5 billion is said to be on its way to consumers but the question on everyone’s lips is, will it work?
The Chancellor, Alistair Darling, has announced that VAT...
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The Big Spend?
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02/12/2008
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Repossession
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Hits:
2
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The Treasury has announced big spending plans to reinvigorate the economy. A total of £12.5 billion is said to be on its way to consumers but the question on everyone’s lips is, will it work?
The Chancellor, Alistair Darling, has announced that VAT...
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What You Need To Know About Renting
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14/11/2008
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Renting
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Hits:
2
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For whatever reason you are renting a property, there still remain criteria for you to follow. Naturally the criteria change depending on the reason behind your decision to rent, whether it be for a home, for an office, or for an investment. None-the-less,...
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Mortgages remain in short supply
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14/11/2008
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Recession
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Hits:
2
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The dramatic 1.5% cut to base rates announced by the Bank of England last week has been welcomed by business, industry and homeowners. Yet despite this fall in interest rates and the money that has been pumped into the banking system by the government, there...
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Mortgages remain in short supply
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14/11/2008
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Mortgages
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Hits:
2
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The dramatic 1.5% cut to base rates announced by the Bank of England last week has been welcomed by business, industry and homeowners. Yet despite this fall in interest rates and the money that has been pumped into the banking system by the government, there...
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Mortgages remain in short supply
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14/11/2008
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Repossession
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Hits:
2
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The dramatic 1.5% cut to base rates announced by the Bank of England last week has been welcomed by business, industry and homeowners. Yet despite this fall in interest rates and the money that has been pumped into the banking system by the government, there...
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Dramatic Bank Rate Cut
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07/11/2008
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Interest Rates
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Hits:
2
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As anticipated, the Bank of England’s Monetary Policy Committee (MCP) has cut interest rates today. What was not anticipated, however, is the size of that cut. Half of one per cent was expected, maybe one per cent if the bank was feeling brave, but very few foretold the massive one and a half per cent that the MPC obviously feels is required if it is to have any effect on inflation and the threat of recession....
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Dramatic Bank Rate Cut
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07/11/2008
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Stop Repossession
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Hits:
2
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As anticipated, the Bank of England’s Monetary Policy Committee (MCP) has cut interest rates today. What was not anticipated, however, is the size of that cut. Half of one per cent was expected, maybe one per cent if the bank was feeling brave, but very few foretold the massive one and a half per cent that the MPC obviously feels is required if it is to have any effect on inflation and the threat of recession....
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World Interest Rate Drop
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17/10/2008
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Interest Rates
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Hits:
2
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Looking back a few months no one would have predicted that an interest rate cut would be made on a global scale, but that’s exactly what happened this week as world financial leaders reacted to the ever deepening crisis in this dramatic move.
The rate cut...
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Dramatic Bank Rate Cut
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07/10/2008
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Recession
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Hits:
2
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As anticipated, the Bank of England’s Monetary Policy Committee (MCP) has cut interest rates today. What was not anticipated, however, is the size of that cut. Half of one per cent was expected, maybe one per cent if the bank was feeling brave, but very few foretold the massive one and a half per cent that the MPC obviously feels is required if it is to have any effect on inflation and the threat of recession....
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Mortgage Arrears Climbing
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27/06/2008
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Mortgages
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Hits:
2
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The number of people who are struggling to meet their mortgage repayments is increasing. In February, the Council of Mortgage Lenders reported that there were 130,000 mortgages that were at least three months in arrears.
The figure for mortgages within...
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Mortgage Arrears Climbing
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27/06/2008
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Interest Rates
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Hits:
2
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The number of people who are struggling to meet their mortgage repayments is increasing. In February, the Council of Mortgage Lenders reported that there were 130,000 mortgages that were at least three months in arrears.
The figure for mortgages within...
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Biggest Threat in 20 Years
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23/06/2008
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Interest Rates
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Hits:
2
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Those were the words of Mervyn King, the Governor of the Bank of England, during his speech to Bankers in the City on Wednesday. The picture painted by Mr King was dire, but however we like to look at it, the changing economic landscape means we’ll all have...
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Biggest Threat in 20 Years
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23/06/2008
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Stop Repossession
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Hits:
2
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Those were the words of Mervyn King, the Governor of the Bank of England, during his speech to Bankers in the City on Wednesday. The picture painted by Mr King was dire, but however we like to look at it, the changing economic landscape means we’ll all have...
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Another Hold On Interest Rates
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06/06/2008
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Debt
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Hits:
2
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Today's meeting of the Bank of England's Monetary Policy Committee decided that bank rates should stay at 5.0%. This means there has been no movement in the Bank rate since the 0.25% cut on 10 April.
The Bank is concerned about the level of inflation,...
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Another Hold On Interest Rates
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06/06/2008
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Interest Rates
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Hits:
2
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Today’s meeting of the Bank of England’s Monetary Policy Committee decided that bank rates should stay at 5.0%. This means there has been no movement in the Bank rate since the 0.25% cut on 10 April.
The Bank is concerned about the level of inflation,...
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10p Tax Rate cut looks set to add to debt problems
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24/04/2008
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Mortgages
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Hits:
2
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Gordon Brown and Allistair Darling are facing opposition from their own back benchers over the controversial removal of the 10p tax rate band. By no means will everyone lose out from this cut, but some could have debt problems exacerbated by unexpected reductions...
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10p Tax Rate cut looks set to add to debt problems
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24/04/2008
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Debt
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Hits:
2
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Gordon Brown and Allistair Darling are facing opposition from their own back benchers over the controversial removal of the 10p tax rate band. By no means will everyone lose out from this cut, but some could have debt problems exacerbated by unexpected reductions...
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Read More »
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Sobering Stats On Unemployment
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21/01/2008
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Stop Repossession
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Hits:
2
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The latest unemployment figures show 1.92 million people were out of work at the end of November last year. Bearing in mind that almost two months have passed since this time and further redundancies are being announced on an almost daily basis, this figure...
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Read More »
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Is Your Credit In Crisis?
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14/12/2007
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Debt
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Hits:
2
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As Christmas approaches more and more of us turn to our credit cards to provide the funds we need to finance our seasonal purchases. Despite the concern emanating from retailers it looks as if we are set to spend record amounts again this year. During the...
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The Cost of Bad Debts
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25/07/2007
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Repossession
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Hits:
2
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We’ve all heard the regulatory statement that by law has to be read out at the end of commercials or added to newspapers ads….”your home may be at risk if you do not keep up repayments on your mortgage or other loans secured upon it”.
It’s pretty obvious...
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Mortgage Payments Out of Control?
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22/06/2007
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Mortgages
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Hits:
2
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Bank interest rate rises, mortgages that are high multiples of salary and the end of fixed rate loans can spell financial disaster for some. What are the options if your outgoings exceed your income?
Reduce your repayments
Talk to your mortgage...
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CCJs Double in Three Years
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01/06/2007
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Debt
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Hits:
2
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Personal debt in the UK is reaching new heights. The first three months of this year saw almost a quarter of a million County Court Judgements (CCJs) issued on unpaid debts such as mortgages and credit cards. Three years ago the number of CCJs stood at approximately...
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Repossession - What Does It Mean?
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12/04/2007
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Repossession
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Hits:
2
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For those struggling to meet mortgage repayments, having their house repossessed by the bank or mortgage company is their worst nightmare. What can you do to fight repossession and what does it mean if you actually lose your house?
Fighting Repossession...
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PERSONAL DEBT DISASTER?
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20/02/2007
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Debt
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Hits:
2
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Personal debt figures are always hitting the headlines. But what do these figures include and how many people in the UK do they affect?Personal debt can be divided into three basic categories – secured lending (i.e. a mortgage), unsecured consumer lending...
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