Archive for April, 2011

Rise in mortgage arrears

At the minute many homeowners are struggling to keep a roof over their heads and this is due to the high inflation, wage freezes which is causing restriction to many to keep up with payments on their mortgage. Also with the upcoming interest rate rises this is sure to push homeowners behind into arrears. Nearly [...]

Fake Loan Websites Closed Down

Fake Loan Websites Closed Down The Office of Fair Trading has closed in on counterfeit websites that offered pseudo loans to the public. The nineteen websites that have been shut down lacked the licences which allowed them to operate as Credit Brokers and intended to gather an individual’s data to sell on to a third [...]

Mortgage lending still remains low

The Council of Mortgage Lenders has said that mortgage lending stills remains at extremely low levels and according to surveys house prices have changed very little in these last six months. In February there were 32,300 mortgages arranged with home buyers, that’s 8% more than the previous month in January. But there still remaining down [...]