Topic filter : Repayment

Most trending topics in Business & Finance ( last 24 hours ):
Technology Facebook Google Amazon Smartphone Step Down Power Station Drax Wealthiest Airline Dispute Ryanair Premier League Manchester United Debt Credit Rating Financial Sector Negotiation Brexit Revenue Deficit Budget Deficit Public Sector Budget VAT Trade Union Pay Dispute Construction Nuclear Profit Stake Co-op Public Finance Forecast Bankrupt Nasdaq Lehman Brothers Formula One Financial Crisis

Socially Most Trending News

....”. The 60-year-old company, which faces about $400m of debt repayments in 2018, said it had secured about $3bn of financing from various lenders, including a JP Morgan-led bank syndicate, to keep its stores open as usual as it approaches its key Christmas selling period. ... [Read full article on Guardian ]
Tuesday 19th of September 2017 07:35:56 AM
Total Trend count
248
Most trending on :
248
....com is a business founded on the premise of allowing customers to buy their phones and sim cards separately. Its CEO, John Whittle, says the cost of using mobile phones are decreasing, so fixing repayments into a 24-month contract is like getting a fixed-interest mortgage when you know rates are going to fall. ... [Read full article on Guardian ]
Monday 18th of September 2017 06:00:02 AM
Total Trend count
92
Most trending on :
91 1
....’ – ‘I’ll tell you what, I’ll lend you £500. Don’t worry about when you have to give me it back, I’ll pop around every week and you can just pay me’ – but the repayments never cease. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 11:48:20 AM
Total Trend count
16
Most trending on :
16
....It would mean higher monthly bills for millions of people with variable rate and base rate tracker mortgages. If and when it happens, it would be the first rise in borrowing costs for a decade –many of these people have never seen their monthly repayments increase. ... [Read full article on Guardian ]
Friday 15th of September 2017 01:28:16 PM
Total Trend count
6
Most trending on :
6
....25 per cent by the end of net year, as the economy picks up speed. This could likely mean a dramatic increase in the cost of debt repayments, including mortgages and credit cards. ... [Read full article on Daily Express ]
Saturday 16th of September 2017 03:49:00 PM
Total Trend count
6
Most trending on :
6
.... “There’s a risk to consumers, who are already struggling to keep up, being overwhelmed by the higher debt servicing costs,” he said. Total household and student debt is at a record high of £305bn, which would come with higher repayment costs should rates head higher. ... [Read full article on Guardian ]
Sunday 17th of September 2017 01:38:31 PM
Total Trend count
4
Most trending on :
4
....The current level of £9,000-era tuition fee loans held by the government through the Student Loans Company is £34bn. However, the loan repayment calculations assume that £14bn will never be paid back. ... [Read full article on Guardian ]
Friday 15th of September 2017 04:40:20 PM
Total Trend count
2
Most trending on :
2
....”. Somebody borrowing £150,000 on a capital repayment deal over 25 years would pay an extra £17 a month if rates rose 0. ... [Read full article on Daily Express ]
Sunday 17th of September 2017 12:34:00 PM
Total Trend count
2
Most trending on :
2
....Eventually, she hit rock bottom, and turned to Christians Against Poverty, a charity specialising in debt and poverty, in a last-ditch effort to deal with her mounting money problems. At one point, she says, credit card debts, car finance and a mortgage made her fear coming home because there could be a mountain of unpaid bills and repayment demands on the doormat. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 11:49:02 AM
Total Trend count
2
Most trending on :
2
....Equity release is a way for older people – the minimum age is usually 55, sometimes 60 – to get cash out of their property without the need to move home. Typically, there are no monthly repayments. ... [Read full article on Guardian ]
Saturday 16th of September 2017 06:00:04 AM
Total Trend count
1
Most trending on :
1

Latest Finance News related to Repayment

Jobless and £35,000 in debt: 'I got to the point where I didn’t want to live' image
Source : Guardian [Read Article] Wednesday 20th of September 2017 11:49:02 AM
....Eventually, she hit rock bottom, and turned to Christians Against Poverty, a charity specialising in debt and poverty, in a last-ditch effort to deal with her mounting money problems. At one point, she says, credit card debts, car finance and a mortgage made her fear coming home because there could be a mountain of unpaid bills and repayment demands on the doormat. ...
Loan sharks are circling, says one of UK's biggest doorstep lenders image
Source : Guardian [Read Article] Wednesday 20th of September 2017 11:48:20 AM
....’ – ‘I’ll tell you what, I’ll lend you £500. Don’t worry about when you have to give me it back, I’ll pop around every week and you can just pay me’ – but the repayments never cease. ...
Toys R Us files for bankruptcy in US and Canada image
Source : Guardian [Read Article] Tuesday 19th of September 2017 07:35:56 AM
....”. The 60-year-old company, which faces about $400m of debt repayments in 2018, said it had secured about $3bn of financing from various lenders, including a JP Morgan-led bank syndicate, to keep its stores open as usual as it approaches its key Christmas selling period. ...
Launch of iPhone X is a reminder of the perils of paying monthly for your mobile image
....com is a business founded on the premise of allowing customers to buy their phones and sim cards separately. Its CEO, John Whittle, says the cost of using mobile phones are decreasing, so fixing repayments into a 24-month contract is like getting a fixed-interest mortgage when you know rates are going to fall. ...
What will justify an interest rate rise in November? | Richard Partington image
Source : Guardian [Read Article] Sunday 17th of September 2017 01:38:31 PM
.... “There’s a risk to consumers, who are already struggling to keep up, being overwhelmed by the higher debt servicing costs,” he said. Total household and student debt is at a record high of £305bn, which would come with higher repayment costs should rates head higher. ...
How to find the best remortgage rates and beat the rise image
Source : Daily Express [Read Article] Sunday 17th of September 2017 12:34:00 PM
....”. Somebody borrowing £150,000 on a capital repayment deal over 25 years would pay an extra £17 a month if rates rose 0. ...
Mortgage alert: Interest rates will rise FOUR times by end of 2018, economists forecast  image
....25 per cent by the end of net year, as the economy picks up speed. This could likely mean a dramatic increase in the cost of debt repayments, including mortgages and credit cards. ...
Over-55s take out £8m a day from their homes image
Source : Guardian [Read Article] Saturday 16th of September 2017 06:00:04 AM
....Equity release is a way for older people – the minimum age is usually 55, sometimes 60 – to get cash out of their property without the need to move home. Typically, there are no monthly repayments. ...
Writing off student debt cheaper than claimed, says IFS image
Source : Guardian [Read Article] Friday 15th of September 2017 04:40:20 PM
....The current level of £9,000-era tuition fee loans held by the government through the Student Loans Company is £34bn. However, the loan repayment calculations assume that £14bn will never be paid back. ...
Mortgage warning: YOUR bill could SURGE by £750 when interest rates increase, experts say image
. Homeowners will see mortgage repayments rise by an average £750 if the base rate is lifted from 0. ...
UK interest rate rise – what it could mean for savers and mortgage holders image
....It would mean higher monthly bills for millions of people with variable rate and base rate tracker mortgages. If and when it happens, it would be the first rise in borrowing costs for a decade –many of these people have never seen their monthly repayments increase. ...
UK interest rates stay at 0.25% but Bank of England hints rise is looming image
Source : Guardian [Read Article] Thursday 14th of September 2017 01:24:03 PM
....Raising the cost of borrowing would reverse the emergency rate cut introduced by Carney in August 2016 in the wake of the Brexit referendum. It would also raise the cost of mortgages for the first time for millions of homebuyers who have never experienced a rise in their monthly repayments as a result of a rate change. ...
Maintenance debt weighs on my mind as a poorer student image
Source : Guardian [Read Article] Thursday 7th of September 2017 10:59:58 AM
....It’s true that my higher-rate maintenance loan helps me by paying my rent and feeding me every day, but in the long term it’s the grants that would have helped me more. The repayment of such a big loan will be a drain on my bank account for decades to come and is something that constantly weighs on my mind. ...
Can I buy a house for my mum to live in rent-free? image
Source : Guardian [Read Article] Monday 4th of September 2017 09:26:14 AM
....With standard buy-to-let mortgages taken out purely for business purposes, which are not regulated by the FCA, applications can be assessed by looking at rental income alone. Typically, if you have a sufficiently large deposit and the rent can cover the mortgage repayment by 125% your application will be accepted. ...
How to make studying for a degree work for you image
Source : Guardian [Read Article] Saturday 2nd of September 2017 06:00:07 AM
.... Your employer sends it details of how much you were paid and the amount of tax deducted. HMRC then carries out an automatic reconciliation at the end of each tax year and, if it thinks you are due a repayment, sends you a P800 tax calculation. ...
Profit margins at big six energy firms hit highest level on record image
Source : Guardian [Read Article] Thursday 31st of August 2017 05:21:31 PM
....During the election campaign, Theresa May pledged to cap bills for 17 million families on the worst-value energy tariffs, but the plan was missing from the Queen’s speech – to the delight of big energy companies. Instead, the business secretary, Greg Clark, told Ofgem to safeguard “customers on the poorest value tariff”, with policy expected to focus on extending an existing ceiling on bills for 4m households on prepayment meters to a further 2. ...
Arnold Schwarzenegger joins call to act over mis-sold PPI before deadline image
Source : Daily Express [Read Article] Wednesday 30th of August 2017 09:55:00 AM
....PPI was sold alongside loans, credit cards, store cards and mortgages, with up to 64 million policies sold to around 30 million people between 1990 and 2010. It was designed to cover repayments if the policyholder fell ill but was often sold to people who were unable to make a valid claim or wrongly were told that cover was compulsory. ...
RBS reported me to three credit reference agencies for one missed payment image
Source : Guardian [Read Article] Wednesday 30th of August 2017 06:00:22 AM
. I missed a repayment on my RBS credit card because I didn’t receive that month’s statement. ...
Credit card lenders 'targeting people struggling with debt' image
Source : Guardian [Read Article] Tuesday 29th of August 2017 11:01:11 PM
....People with credit card debts were also more likely to get into long-term debt than those with personal loans, and were less able to pay their debt down. One pensioner helped by the charity was repeatedly called by firms offering more credit cards, despite the fact that she could only afford to make minimum repayments on her existing debts. ...
​Some might pray for a house price crash, but be careful what you wish for | Patrick Collinson image
....It is memories of the early 1990s that should restrain anyone’s glee at the prospect of a property crash. Many of those who had taken out big mortgages could no longer afford the repayments. ...
Client accuses Savills of confidentiality breach in Candy brothers dispute image
....During his long-running dispute with the Candys, Holyoake alleged that Christian Candy physically threatened his pregnant wife, which the property tycoon strenuously denied. The businessman will allege that Savills acted against his interests by passing on information about a valuation of Grosvenor Gardens House, a luxury development he says the Candy brothers hoped to “steal” from him in lieu of loan repayment. ...
Going up or digging deep, how to finance a home extension image
Source : Guardian [Read Article] Saturday 26th of August 2017 05:59:28 AM
.... If you are coming to the end of your current mortgage this would be the ideal time to remortgage in order to release some equity and take advantage of current low rates. If your mortgage still has some time to run, and you are tied in by early repayment charges, then remortgaging is unlikely to make sense. ...
Provident appoints new consumer credit boss in bid to stabilise business image
.... Gillespie ran the division, which charges high interest on loans collected mainly from borrowers’ homes, from 2007 to 2013. Britain’s biggest doorstep lender published a second profit warning in two months on Tuesday after a botched business overhaul caused debt repayments to fall heavily. ...
Grandparents gift grandchildren over  £37billion for holidays, education and first homes image
....”. If you are giving a loan, you should be upfront about any conditions of repayment, he said: “This will help avoid difficult conversations later. ...
Provident Financial sees nearly £1.7bn wiped off stock market value image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 09:40:50 AM
....Provident grew rapidly in the years after the financial crisis, stepping in to offer credit to people who could not secure it from banks, as they became more wary of risky lending. Interest rates on such loans are typically high, with £100 borrowed from Provident over 13 weeks incurring a repayment of £143. ...
Getting to grips with a £32,220 student debt – and how you can lighten the load image
....The SLC has been plagued with reports of administrative blunders, with some graduates reporting that errors have left them out of pocket, sometimes by thousands of pounds. Recent problems have included graduates continuing to make repayments after their loan is cleared, while others face demands from debt collectors with claims their account is in arrears. ...
Bunnings beware: the Homebase revolution is failing to shape up image
Source : Guardian [Read Article] Thursday 17th of August 2017 06:45:27 PM
.... Ofgem can fiddle with “safeguard” tariffs for specific groups of customers and will probably do so again next month when it responds to Clark. Prepayment customers are already covered and another two or three million people could be included if the net is extended to yet-to-be-defined “vulnerable” customers. ...
The UK debt tide is rising – how can you avoid drowning? image
Source : Guardian [Read Article] Monday 14th of August 2017 06:00:35 AM
.... If you are struggling and you are going slowly downhill, all that will happen will be that you will get more stressed, your debts will build and when you fall over it will be that much more painful,” he said. StepChange suggests making a budget to give a clear picture of what money is coming in and going out so that you can then understand what repayments are possible to work down debts. ...
A tale of two housing markets: booming Burnley and stagnant Kensington image
Source : Guardian [Read Article] Saturday 12th of August 2017 03:00:48 PM
.... “They go from £110,000 up to £160,000. For that you would expect mortgage repayments of around £550 a month, but to rent you are looking at £700 a month for the same property. ...
Have we gone too far in vilifying landlords? | Patrick Collinson image
Source : Guardian [Read Article] Saturday 12th of August 2017 06:00:37 AM
.... The buy-to-let mortgage was born. Around the same time, banks were loosening their lending criteria, offering multiple jumbo-sized loans, sometimes with little verification of the borrowers, and interest-only deals to keep repayments cheap. ...
Buy-to-let landlords: Five top tips that could save you THOUSANDS image
Source : Daily Express [Read Article] Wednesday 9th of August 2017 08:30:00 AM
....There are other benefits too as the Bank of England’s Prudential Regulation Authority recently tightened up criteria for buy-to-let mortgages and applicants must demonstrate that they can afford their mortgage should rates rise. They must also show that rental income will be at least 45 per cent higher than mortgage repayments. ...
Mortgage rates will rise – so 
are you ready 
to take a hit? image
Source : Guardian [Read Article] Tuesday 8th of August 2017 04:52:17 PM
....5 times the income of the borrower, suggesting that people are taking on more debt. Mortgage professionals working in the area point towards tougher regulations providing a safety net against a swathe of homeowners being unable to afford their repayments. ...
Interest rates: Winners and losers revealed following a year of record low interest rates image
....60 per cent is more than 18 times base rate. Rachel Springall, finance expert at MoneyFacts, says borrowers must fight back by switching to cheaper rates: “Somebody with a £150,000 capital repayment mortgage who switched from the average SVR to a five-year fix at 2. ...
Student loans: graduates still face cash grabs of £300 a month image
Source : Guardian [Read Article] Saturday 5th of August 2017 06:00:04 AM
.... The only figure produced is at the end of the last tax year – which can be months out of date. What’s more HMRC, which collects monthly PAYE repayments, only sends the money to the SLC annually, at which point it is allocated to the loan account. ...
Student debt: What is going on with the Student Loans Company? image
Source : Guardian [Read Article] Saturday 5th of August 2017 06:00:04 AM
....The total student loan debt in the UK has risen to more than £100bn for the first time, and is expected to hit £330bn by the middle of the century. The average loan on “entry into repayment” (ie, after graduation) is £32,220 in England and £11,740 in Scotland. ...
Price cap still possible, government warns energy companies image
Source : Guardian [Read Article] Tuesday 1st of August 2017 07:19:42 PM
....The business secretary, Greg Clark, wrote to Ofgem in June asking it to safeguard “customers on the poorest value tariff”, appearing to soften on a Conservative manifesto pledge to introduce a cap on standard variable tariffs used by 17m homes. The regulator held a summit last week with consumer groups on developing a “safeguard tariff” to extend an existing cap for the 4m households on prepayment meters to a further 2. ...
Credit card Britain: £1.5BN of debt racked up in ONE MONTH sparking fresh crisis fears image
....”. Lenders have now been ordered to boost their cash reserves and policymakers are now stress testing balance sheets to see if banks could cope if people started to default on repayments. ...
Unsecured consumer credit tops £200bn for first time since 2008 image
Source : Guardian [Read Article] Monday 31st of July 2017 08:55:04 AM
....The Money Advice Trust, which runs the National Debtline, said the intervention in payday lending had worked. In April, the FCA announced measures to help people in persistent credit card debt, including the waiving or cancelling of interest and charges for customers who cannot afford to curb their liabilities through a repayment plan. ...
Owners of ex-local authority homes face horror of bills running into thousands image
....”. Lambeth council has offered leaseholders repayment plans, but these could be unaffordable for someone on a modest salary. ...
Tax raid on YOUR pensions: Shock as savers overcharged £26million in THREE months image
.... . The repayments have only been given to those who have spotted the mistake and claimed the cash back. ...
Student Loans Company criticised over 'penalty interest' on funds image
Source : Guardian [Read Article] Saturday 29th of July 2017 07:40:24 AM
....Harriet Gable, a 23-year-old who graduated from the University of Southampton in summer 2015, received a letter from the SLC in May last year, which said the company understood she had become unemployed, despite no change in her employment status. She had been working for Net-a-Porter for the previous eight months, and was earning £17,000 – ie £4,000 less than what is required to commence repayment. ...
Goodbye 25-year mortgages, but are we walking into a borrowing trap? image
Source : Guardian [Read Article] Saturday 29th of July 2017 06:00:43 AM
....It comes amid fresh warnings from the Bank of England this week about the dangers of reckless lending and surging consumer debt. With high house prices, escalating student debts and a rise in the age at which couples have children, many people are tending to buy a home later and opting for a longer repayment term. ...
Graduate anger mounts over ‘nightmare’ Student Loans Company image
Source : Guardian [Read Article] Saturday 29th of July 2017 06:00:43 AM
.... “Before I left for Botswana I informed SLC, which asked me to complete an overseas assessment form, which I did, and my loan was frozen for 12 months. I had started a graphic design business, but the market here is saturated meaning it was slow to get going and my income remained below the repayments threshold. ...
Lloyds to pay £300MILLION compensation to customers: Are YOU owed money? image
Source : Daily Express [Read Article] Thursday 27th of July 2017 11:28:00 AM
....About 600,000 customers were hit with fees between 2009 and 2016 when they fell behind on mortgage payments. The banking giant admitted it didn't always do enough to understand customers’ circumstances to make sure their repayment plans were affordable. ...
Britons sit on ‘ticking time bomb’ as interest rates HIKE risks financial security image
.... . British households owe more than half a trillion pounds on variable rate mortgages and consumer debt, with interest repayments totalling £39. ...
Debt-ridden families a ticking time bomb for EVERYONE in Britain, Bank of England warns image
.... Mr Brazier underlined worries in car finance, where Personal Contract Purchase (PCP) plans fund almost four in five new car purchases - up from one in five in 2006. Lenders can lose none on the contracts if car prices fall - even if borrowers make all repayments. ...
Mortgage time bomb? Interest-only borrowers with NO plans to repay debts image
Source : Daily Express [Read Article] Monday 24th of July 2017 04:40:00 PM
....Endowment mortgage deals from the 1990s, which were sold with investments linked to the stock market, could be a particular problem. Many borrowers are near retirement and mortgages age limits are preventing them from taking out a free capital repayment mortgage. ...
Secure your worldly wealth: Tips to make sure you pass your wealth to the right person image
....” Say your child puts down a 15 per cent deposit of £30,000 on a £200,000 home, but their partner does not contribute. The couple then divides the monthly mortgage repayments equally. ...
Student Loans Company quadrupled my interest rate – just for taking a short trip image
.... Richards, from Burwell in Cambridgeshire, took on largely voluntary work, combined with paid employment six hours a week, to help cover her costs. She earned far less than the amount that would have required her to make loan repayments. ...
Russell Group urges rethink on student loan interest rate image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:40:15 PM
....1% from this September (RPI + 3% for those on salaries of £41,000 or over) is out of touch with commercial lending rates, and very high compared with the rates at which the government can borrow. “The £21,000 repayment threshold could also be reconsidered. ...
If home ownership continues to shrink, the retirement system is in trouble | Greg Jericho image
.... That is hardly surprising given the increase in housing investment in that period. The massive boom in prices has seen median house prices in Sydney increase by around 60% in the five years from 2011 to 2016 and the cost of mortgage repayments on such loans increase by 30% despite falling interest rates. ...
UK students should not try to pay off loans early, research suggests image
Source : Guardian [Read Article] Monday 17th of July 2017 02:40:16 PM
....Only if the student lands a job earning £40,000 a year on graduation, and then enjoys big pay rises after, should they consider repaying their loan early, said Lewis. A graduate earning £36,000 a year will repay £40,500 of a £55,000 total student loan over 30 years, said Lewis, at the current repayment rates. ...
Is paying off the mortgage a better bet than saving? image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:00:00 AM
....So your instinct to use your money to pay off a large part of your mortgage is a good one, as the interest you save on your mortgage payments is likely to be a lot more than the interest you are earning on your cash, which at best could be in the region of 1%. Next time you switch mortgage deals, as well as paying off part of your mortgage you might also want to consider changing from an interest-only deal to a repayment one, so it is guaranteed to be paid off in full in 12 years’ time. ...
Big Six energy companies switch: Leave pricey legacy tariffs behind image
Source : Daily Express [Read Article] Wednesday 12th of July 2017 10:31:00 AM
....com. Households who pay by direct debit should avoid the risk of overdue payments, but one in four pay by another method, either through online payment, prepayment meter, at the bank, or by phone. ...
Bank of England warns it will go after firms looking to mask risks image
Source : Guardian [Read Article] Monday 10th of July 2017 04:03:22 PM
.... Here, he said, the Bank had noted that mortgage terms were extending from 25 year to 35 years – or even longer. While that makes monthly repayments lower it means the total interest is higher, with final amounts due when the customer may have retired. ...
Hold the Shard-enfreude – a house price drop is not about to happen | Patrick Collinson image
.... The twin horsemen of the property apocalypse are called unemployment and interest rates. A steep rise in joblessness automatically translates into arrears and repossessions, as households fall behind with repayments. ...
Equity release rates fall: Homeowners paying off interest-only mortgages could save image
....82 per cent. Many homeowners turn to equity release to pay off interest-only mortgages, after finding it difficult to take out a capital repayment mortgage, separate research has recently suggested. ...
Decade in the doldrums for hard-hit savers as low interest rates remain the same image
....”. Low rates are making life even harder for young people too with Elliott Silk, head of commercial at wealth managers Sanlam, saying that many are walking into a “retirement black hole”: “Sky-high rent, living costs and student loan repayments are also having a detrimental impact on their ability to think about longer term saving. ...
Poorest students will finish university with £57,000 debt, says IFS image
Source : Guardian [Read Article] Tuesday 4th of July 2017 11:01:12 PM
....Gordon Marsden, Labour’s shadow higher education spokesman, said the IFS study made a nonsense of the government’s defence of the current system. “From scrapping the maintenance grant to freezing the repayment threshold [at which students start repaying their loans], this government has focused on increasing the debt burden of students from disadvantaged backgrounds,” Marsden said. ...
Mortgage-seekers ignoring extra fees, says Moneyfacts image
Source : BBC [Read Article] Monday 3rd of July 2017 12:33:38 PM
.... Therefore, with fees on the rise, it is more important than ever for borrowers to consider the true cost of a mortgage before obtaining a deal," said Charlotte Nelson, of Moneyfacts. "Deals with larger fees often allow you to add the fee to the mortgage advance, however, this increases the amount borrowed, pushing up monthly repayments. ...
Millions betrayed by Tories’ energy price cap U-turn, says Labour image
....Instead, the business secretary, Greg Clark, wrote to the energy regulator asking it to safeguard “customers on the poorest value tariffs”. In response, Ofgem said on Monday that it would hold a summit in July to consider what form of “safeguard tariff” would be best, with one option being to extend an existing cap for the 4m households on prepayment meters to a further 2. ...
China's $9tn bond market opens up to foreign investors image
Source : BBC [Read Article] Monday 3rd of July 2017 09:05:02 AM
....Bonds are glorified IOUs, typically sold by governments and companies to raise cash. Their attraction to investors is that they usually offer a fixed rate of interest and come with the promise of eventual full repayment when the bond expires. ...
Trouble in the Dales as holiday homes become the new buy-to-let image
Source : Guardian [Read Article] Saturday 1st of July 2017 06:00:06 AM
....The tax treatment of furnished holiday lets is startlingly generous. If you buy a property and let it out for holiday use, you can still set your full mortgage interest repayments against tax, unlike under the rules that have hit buy-to-let. ...
Should we use the London help-to-buy scheme to purchase a home? image
Source : Guardian [Read Article] Thursday 29th of June 2017 06:00:15 AM
.... I’m familiar with the pros and cons of the scheme, and I’m aware that the government would own 40% of the property equity, which needs to be paid back at the end of the five-year term. My question is whether we are better off going for it and using the benefit of 40% of the property not being owned, and making the most of a lower rate mortgage on the remaining 60% but hammering the repayments. ...
Older homeowners forced to sell properties to clear debt on mortgages image
Source : Daily Express [Read Article] Wednesday 28th of June 2017 08:25:00 AM
....Forced out. Some 43 per cent of estate agents have seen a rise in “forced” sales from customers with interestonly mortgage repayment problems over the past two years, according to new research from Key Partnerships. ...
Endowment plan: Need-to-know advice on interest-only mortgage repayment problems image
....Forced out. Some 43 per cent of estate agents have seen a rise in “forced” sales from customers with interest-only mortgage repayment problems over the past two years, according to new research from Key Partnerships. ...
Many Britons are hooked on costly credit. Here’s what the new minister should do | Rowena Young image
....Today, less than half of UK adults report being able to keep up with bills without difficulty, while just under a quarter manage to get from one month to the next only by rolling over their credit card balances or other form of high-cost credit. One in six can’t afford to make the repayments on money they owe after meeting household expenses and 83% of people in debt simply do not get the advice and support they need. ...
Tory pledge to cap energy bills missing from Queen's speech image
Source : Guardian [Read Article] Wednesday 21st of June 2017 03:57:48 PM
....The prime minister had pledged to cap bills for 17 million families on the worst-value energy tariffs, but the plan was missing from the Queen’s speech and No 10 would not confirm a cap would go ahead. Instead, the government looks likely to extend an existing ceiling on bills for 4m households on prepayment meters to a further 2. ...
Energy price cap likely to go ahead despite warnings of 'timebomb' image
Source : Guardian [Read Article] Monday 19th of June 2017 03:36:14 PM
....Although industry figures show 440,000 people switched supplier in May – up 19% on May 2016 – nearly 5m households in England have not switched supplier for a decade. Citizens Advice favours widening an existing cap for the 4m households on prepayment meters to a further 2. ...
Is Booking.com breaking its ‘free cancellation’ pledge? image
Source : Guardian [Read Article] Sunday 18th of June 2017 06:00:04 AM
.... “We wanted free cancellation as we were visiting a sick friend and needed to be flexible. It clearly stated that we could cancel up to the day before arrival, and that there would be no prepayment. ...
Debt bubble returns millions to days of 2008 crash image
Source : Guardian [Read Article] Saturday 17th of June 2017 11:05:51 PM
....Last week the Bank of England’s monetary policy committee left interest rates on hold but it took City analysts by surprise because three of the eight committee members wanted to raise them. Analysts had expected only one member to vote for a rise, which would push up the costs of mortgages and other credit for many borrowers and could lead to further repayment problems. ...
Buying my own place was an impossible dream – here’s how it came true image
....For starters, the average deposit for first-time buyers in London has jumped 276% in the past decade to a staggering £100,445, according to the Halifax. I did explore shared ownership, but I found many of the schemes insanely competitive and only available to people on much higher salaries, while service charges were steep, culminating in mortgage repayments plus rent settling in at about £1,500 a month. ...

Page rendered in 2.4218 seconds.