For those of you with low mortgage interest rates, now is the time to start paying more off the mortgage to reduce debt and risk. In fact, this approach is now being recommended by the Council of Mortgage Lenders. (more…)

Pressure from the Government on the Banks is finally starting to pay off. The main mortgage lenders have started to respond to the demand that they should cut their mortgage lending rates. The Nationwide, HBOS, Royal Bank of Scotland, Natwest and the Northern Rock will cut their main variable lending rates by the full 1.5% on 1 December. (more…)

We’re losing money on our equity investments, the cost of food is going up, energy bills have gone up and now the cost of a fixed rate mortgage is also on the up. Banks and Building Societies have had no choice but to increase the interest on fixed rate deals as the cost for them to borrow money in the wholesale markets has gone up by over 0.3%. (more…)

The slump in the housing market continues as some estate agents report selling only one house per weekover the past three months. There are plenty of properties out there to buy and there are plenty of people wanting to buy them. The difficult bit is actually raising the funds to buy a property as mortgage providers continue with their overly cautious outlook on life. (more…)

800,000 Standard Life with profits policy holders have seen their payouts reduce by around 9%. Performance of the £41.2bn with-profits fund has been poor over the past twelve months, meaning those customers whose policy is due to expire this year, could see a shortfall between the policy value and their outstanding mortgage amount. (more…)