The latest survey from GE Money Home Lending shows the top two improvements that homeowners can make to increase the value of their property:
Loft conversion - adds around £22,300
House extension - adds around £19,271
No surprises really but what is quite surprising is that most homeowners think first about changing their kitchen or bathroom or even to redecorate throughout. With all three put together, homeowners may only increase their house values by £18,000. What are you going to do to improve yours?
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
One liners...
Quantum Mechanics: The dreams stuff is made of.
Monday 4 June 2007
Friday 1 June 2007
Sun, Sea, Sand and...Debt?
In a new survey by CreditExpert.co.uk, 12 million people from the UK will be flying off to the sun this summer to avoid the good old British weather despite falling in to debt as a result.
More than 25% of those surveyed admitted to using their credit cards, taking out a loan or ramping up their overdraft in order to 'catch some rays' whilst 6% said that they habitually go into the red to fund their holiday experiences. Indeed, 18% only checked the cost of the holiday when they got home having not kept a track whilst away.
Unfortunately, the debt will still have to be serviced and many will decide to take out a debt consolidation loan to make it easier to manage their repayments as a result.
For more information, hints, tips amd money-saving ideas, visit FeelGoodLoans.co.uk
One liners...
I intend to live forever - so far, so good
More than 25% of those surveyed admitted to using their credit cards, taking out a loan or ramping up their overdraft in order to 'catch some rays' whilst 6% said that they habitually go into the red to fund their holiday experiences. Indeed, 18% only checked the cost of the holiday when they got home having not kept a track whilst away.
Unfortunately, the debt will still have to be serviced and many will decide to take out a debt consolidation loan to make it easier to manage their repayments as a result.
For more information, hints, tips amd money-saving ideas, visit FeelGoodLoans.co.uk
One liners...
I intend to live forever - so far, so good
Thursday 31 May 2007
House Price Inflation At 5 Month High
Despite all predictions of a slowdown in property prices following successive interest rate hikes from the Bank of England, house prices increased by 0.5% in May. This took the annual growth rate to 10.3% which equates to the highest level for five months according to the Nationwide.
Despite the rate of the rise slowing from 0.9% in April, analysts are still a little surprised at the length of time it is taking for the rate rises and the increases in house prices to take effect and to slow the demand together with house price inflation. Indeed, speculation still suggests further rate increases to 6% by the end of the year.
Whilst significant rate increases remain a threat to the housing market, provided that there is stability in the job market and the economy maintains its course for steady growth, concerns over a muted economic slump and share market crash are not shared by all.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
One liners...
I drive way too fast to worry about cholesterol
Despite the rate of the rise slowing from 0.9% in April, analysts are still a little surprised at the length of time it is taking for the rate rises and the increases in house prices to take effect and to slow the demand together with house price inflation. Indeed, speculation still suggests further rate increases to 6% by the end of the year.
Whilst significant rate increases remain a threat to the housing market, provided that there is stability in the job market and the economy maintains its course for steady growth, concerns over a muted economic slump and share market crash are not shared by all.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
One liners...
I drive way too fast to worry about cholesterol
Wednesday 30 May 2007
Sell! Sell! Sell! - Buy to Let Investors Jump Ship Amid Rising Interest Rates
The latest Bank of England interest rate rise to 5.5% has seemingly pushed a number of buy to let investors to sell their properties according to recent figures.
The Royal Institute of Chartered Surveyors (RICS) said that more than 5% of landlords opted to sell during the quarter to the End of April 07 which represents the highest number for the past two years.
In recent yars, low cost loans and mortgages and the rising cost of housing have encouraged considerable numbers of people to invest in buy to let type investments although four interest rate rises since August of 06 and the predicted slowdown of house price rises will have undoubtedly taken their toll on rental yields and profits.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
One liners...
I almost had a psychic girlfriend but she left me before we met!
The Royal Institute of Chartered Surveyors (RICS) said that more than 5% of landlords opted to sell during the quarter to the End of April 07 which represents the highest number for the past two years.
In recent yars, low cost loans and mortgages and the rising cost of housing have encouraged considerable numbers of people to invest in buy to let type investments although four interest rate rises since August of 06 and the predicted slowdown of house price rises will have undoubtedly taken their toll on rental yields and profits.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
One liners...
I almost had a psychic girlfriend but she left me before we met!
Tuesday 29 May 2007
Mortgage Approvals Up Despite Predictions
The number of mortgage approvals made in April 07 rose by 1% above the figure for the previous year, ending a four month run of decline, a new survey showed.
The British Bankers Association released figures of 64,815 approvals for April over 64,183 in the same month last year. These figure go against the tide of analysts predicting a downturn although the market is still pesimistic. With interest rates rising and affordability under a greater level of strain than for some time, it would be very surprising if they were not soon proved to be right. The new mortgage approvals may not however, be linked with house purchases. They may be a response to the forthcoming interest rate hikes with more people switching to fixed rate deals.
For more information, hints,. tips and money-saving ideas, visit FeelGoodLoans.co.uk
One liners...
Early bird gets the worm, but the second mouse gets the cheese!
The British Bankers Association released figures of 64,815 approvals for April over 64,183 in the same month last year. These figure go against the tide of analysts predicting a downturn although the market is still pesimistic. With interest rates rising and affordability under a greater level of strain than for some time, it would be very surprising if they were not soon proved to be right. The new mortgage approvals may not however, be linked with house purchases. They may be a response to the forthcoming interest rate hikes with more people switching to fixed rate deals.
For more information, hints,. tips and money-saving ideas, visit FeelGoodLoans.co.uk
One liners...
Early bird gets the worm, but the second mouse gets the cheese!
Monday 28 May 2007
Shopping - Stress Relief For The Masses
One in four Britons shop to relieve stress despite rising personal debts - a new report by the research company YouGov for the charity The Retail Trust reveals (Reuters, London).
The survey covered 2500 respondants and 18-24 year olds were found to be the most likely to do so than any other age group and people employed in the service industries such as hotels or restaurants are almost twice as likely to alleviate stress in this way compared with people employed in other industries.
10% of supermarket workers now owe more than 100% of their annual income in personal debt with men more likley than women to owe money. The knock on effect is a potential meltdown if the economy slows, leaving many people on the brink of financial ruin.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
How's Your Job...
Q. How's your job at the crystal ball company?
A. I'm making a fortune.
The survey covered 2500 respondants and 18-24 year olds were found to be the most likely to do so than any other age group and people employed in the service industries such as hotels or restaurants are almost twice as likely to alleviate stress in this way compared with people employed in other industries.
10% of supermarket workers now owe more than 100% of their annual income in personal debt with men more likley than women to owe money. The knock on effect is a potential meltdown if the economy slows, leaving many people on the brink of financial ruin.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
How's Your Job...
Q. How's your job at the crystal ball company?
A. I'm making a fortune.
Friday 25 May 2007
Estate Agents Not Flavour Of The Month?
Complaints about estate agents have hit an all-time high, a new report shows.
8472 complaints were received by the Ombudsman for Estate Agents (OEA) regarding the condct of its members from property buyers, vendors and even tenants during 2006 which represents an increase of 41% on 2005.
Whilst many believe that these complaints are justified there are some who are prepared to take a more balanced view siting the pressure-cooker experience of buying and selling property as the catalyst for the situation. Estate agents are an easy target as they are the ones who can be blamed, largely with impunity when things go wrong during the process.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
How's your new job...
Q. How's your job at the travel agency?
A. I'm going nowhere.
8472 complaints were received by the Ombudsman for Estate Agents (OEA) regarding the condct of its members from property buyers, vendors and even tenants during 2006 which represents an increase of 41% on 2005.
Whilst many believe that these complaints are justified there are some who are prepared to take a more balanced view siting the pressure-cooker experience of buying and selling property as the catalyst for the situation. Estate agents are an easy target as they are the ones who can be blamed, largely with impunity when things go wrong during the process.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
How's your new job...
Q. How's your job at the travel agency?
A. I'm going nowhere.
Wednesday 23 May 2007
HIPs To Take Yet Another Twist
Is it me or does it feel like we've been here before? Yesterday and within a couple of weeks of the starter's gun, the Government decided to delay the mandatory implementation of Home Infomation Packs by two months and that they would be rolled out in a more controled fashion than had previously been planned.
Following the publishing of the original Whitehall plans to reform the house sale process in order to speed things up and reduce the numbers of house sales that fall through, Home Information Packs have been the subject of huge criticism from the industry. The plans have been watered down considerably already by removing the legal requirement for them to contain a home condition report and yesterday's announcement, though not entirely a surprise, drew yet more criticism as the fledgling reforms looked evermore vulnerable.
Companies have either set up new departments or have been incorporated entirely with HIPs as their sole purpose for being and their investment is now looking considerably shaky as many analysts are beginning to think that a complete U-turn is on the cards.
Problems with the availability of local government resources with regards to searches and surveys have been cited as the root cause of yesterday's decision as it became increasingly apparent that the 1st June deadline could not be met as there are just too few surveyors available to meet the demand of householders who have their homes on the market.
For more information, hints, tips and money-saving idas, visit FeelGoodLoans.co.uk
How's your job?
Q. How's your job on the new motorway?
A. I'm so busy I don't know which way to turn.
Following the publishing of the original Whitehall plans to reform the house sale process in order to speed things up and reduce the numbers of house sales that fall through, Home Information Packs have been the subject of huge criticism from the industry. The plans have been watered down considerably already by removing the legal requirement for them to contain a home condition report and yesterday's announcement, though not entirely a surprise, drew yet more criticism as the fledgling reforms looked evermore vulnerable.
Companies have either set up new departments or have been incorporated entirely with HIPs as their sole purpose for being and their investment is now looking considerably shaky as many analysts are beginning to think that a complete U-turn is on the cards.
Problems with the availability of local government resources with regards to searches and surveys have been cited as the root cause of yesterday's decision as it became increasingly apparent that the 1st June deadline could not be met as there are just too few surveyors available to meet the demand of householders who have their homes on the market.
For more information, hints, tips and money-saving idas, visit FeelGoodLoans.co.uk
How's your job?
Q. How's your job on the new motorway?
A. I'm so busy I don't know which way to turn.
Tuesday 22 May 2007
Foxtons Estate Agents Sold Amid Housing Slowdown
One of the country's largest estate agents has been sold. Foxtons, prevalent in the London area, has accepted a sale price of £390million from private equity firm BC Partners although Foxtons US business is not part of the deal, according to Reuters (London).
Started in 1981, Foxtons now has 20 branches and a turnover of around £100million. With a fleet of distinctive liveried Mini Coopers and cafe style branches with large screen TVs, the sale also includes Alexander Hall, the group mortgage specialist.
The timing of the sale is somewhat interesting however, as it follows an infamous BBC report from last year highlighting a potential problem of overly aggressive sales staff and a mortgage market that analysts believe is starting to show signs of slowing following four interest rate rises since August of 2006 from the Bank of England.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
How's Your Job?
Q. How's your job at the clock company?
A. Only time will tell.
Started in 1981, Foxtons now has 20 branches and a turnover of around £100million. With a fleet of distinctive liveried Mini Coopers and cafe style branches with large screen TVs, the sale also includes Alexander Hall, the group mortgage specialist.
The timing of the sale is somewhat interesting however, as it follows an infamous BBC report from last year highlighting a potential problem of overly aggressive sales staff and a mortgage market that analysts believe is starting to show signs of slowing following four interest rate rises since August of 2006 from the Bank of England.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
How's Your Job?
Q. How's your job at the clock company?
A. Only time will tell.
Monday 21 May 2007
Slow Change In Savings And Mortgage Rates Following Interest Rate Rise
Last week's highly anticipated interest rate hike has been slow to provoke reaction amongst savings account providers and mortgage lenders.
Out of the hundreds of particpants in the market, only 42 have announced changes will take place and out of these as yet, only 24 have actually implemented that change according to Moneyfacts.co.uk
Almost all of the savings account providers that have made the change, have passed the full 0.25% rise onto their customers with a small number adding more to their rates than the initial Bank of England base rate change.
Analysts have predicted a further rise from the BoE at some point later this year although early signs are that the four increases since August 2006 are now beginning to take effect with new mortgage applications widely reported to be dropping and house price rises slowing at a much faster rate than for some considerable period of time.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Signs of maturity...
You keep more food than beer in the fridge.
Out of the hundreds of particpants in the market, only 42 have announced changes will take place and out of these as yet, only 24 have actually implemented that change according to Moneyfacts.co.uk
Almost all of the savings account providers that have made the change, have passed the full 0.25% rise onto their customers with a small number adding more to their rates than the initial Bank of England base rate change.
Analysts have predicted a further rise from the BoE at some point later this year although early signs are that the four increases since August 2006 are now beginning to take effect with new mortgage applications widely reported to be dropping and house price rises slowing at a much faster rate than for some considerable period of time.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Signs of maturity...
You keep more food than beer in the fridge.
Friday 18 May 2007
Silver Debts - OAP's In Credit Crisis?
A new survey by Key Retirement Solutions shows that old aged pensioners are struggling with unsecured debts - the average 60 yr old now owes £35,000 in unsecured credit.
Out of the 4620 pensioners questioned, some 63% have unsecured debts but adding average mortgage debts of £31,000 takes the debt spiralling up to a whopping £66,000 and all of that on a pension!
In another complimentary report from financial education charity, Credit Action, debt was found to be rising among the elderly faster than with any other age group.
With more people taking debts into retirement and still a large percentage of the population not saving adequately for retirement, there could be some problems on the horizon in the coming years.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Fitness thoughts...
My grandmother started walking five miles a day when she was 60. She's 97 now & we don't know where the hell she is!
Out of the 4620 pensioners questioned, some 63% have unsecured debts but adding average mortgage debts of £31,000 takes the debt spiralling up to a whopping £66,000 and all of that on a pension!
In another complimentary report from financial education charity, Credit Action, debt was found to be rising among the elderly faster than with any other age group.
With more people taking debts into retirement and still a large percentage of the population not saving adequately for retirement, there could be some problems on the horizon in the coming years.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Fitness thoughts...
My grandmother started walking five miles a day when she was 60. She's 97 now & we don't know where the hell she is!
Thursday 17 May 2007
Who Wants To Be A Trillionaire? ...In Debt, That Is!
A new report reveals that the British cannot get enough of the finer things in life and are not afraid of going in to debt to get them.
In an article from Reuters (London), Neil Mason, senior retail analyst at the consumer research group Mintel said, "It takes a lot to dampen down consumer confidence as last year Brits continued to spend, spend, spend!"
In the Mintel report, consumer spending on things like holidays, cars, clothes and eating out hit £1.09 trillion in 2006 which represented a 9% increase on the previous year. With interest rates at some of their lowest levels in years and the economy booming, it is easy to see why. Mintel goes on to say that the consumer should beware however. With interest rates now on the increase and with further hikes muted in the near future in an attempt by the Bank of England to reign in inflation to within govenrment targets, there are fears of a significant number of people falling into arrears which may then fuel a slump.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Good comebacks...
Man: "I would go to the end of the world for you.
Woman: "Yes, but would you stay there?
In an article from Reuters (London), Neil Mason, senior retail analyst at the consumer research group Mintel said, "It takes a lot to dampen down consumer confidence as last year Brits continued to spend, spend, spend!"
In the Mintel report, consumer spending on things like holidays, cars, clothes and eating out hit £1.09 trillion in 2006 which represented a 9% increase on the previous year. With interest rates at some of their lowest levels in years and the economy booming, it is easy to see why. Mintel goes on to say that the consumer should beware however. With interest rates now on the increase and with further hikes muted in the near future in an attempt by the Bank of England to reign in inflation to within govenrment targets, there are fears of a significant number of people falling into arrears which may then fuel a slump.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Good comebacks...
Man: "I would go to the end of the world for you.
Woman: "Yes, but would you stay there?
Tuesday 15 May 2007
House Prices Still Rising
House price inflation increased for the second month in a row in April 07 despite a reported fall in demand and an increase in the numbers of properties on the market.
RICS (The Royal Institute for Chartered Surveyors) states that 28.9% more of their members quoted house price rises compared with falls which is higher than the previous month's figure of 26.9%. This makes it the 18th consecutive monthly increase which it is believed is being driven hardest by increases in London, the south-east and East Anglia.
Increases in the numbers of houses available could be due to the forthcoming Home Information Packs although demand for new homes was reported to have declined for the fifth straight month and at a faster pace.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Good comebacks...
Man: "I'd go through anything for you."
Woman: "Good! Let's start with your bank account."
RICS (The Royal Institute for Chartered Surveyors) states that 28.9% more of their members quoted house price rises compared with falls which is higher than the previous month's figure of 26.9%. This makes it the 18th consecutive monthly increase which it is believed is being driven hardest by increases in London, the south-east and East Anglia.
Increases in the numbers of houses available could be due to the forthcoming Home Information Packs although demand for new homes was reported to have declined for the fifth straight month and at a faster pace.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Good comebacks...
Man: "I'd go through anything for you."
Woman: "Good! Let's start with your bank account."
Monday 14 May 2007
Wage Growth Highest For Seven Years
Employers are finding it increasingly difficult to fill vacancies which is leading to higher wages - a report claims.
The KPMG/REC report shows that for April 07, wages for permanent staff rose on their index at the fastest rate for 82 months. Temporary staff rates eased which is surprising as the number of placements climbed to the highest rate for a decade.
Government fears of a wage price spiral have so far not materialised even though inflation is comparatively high for recent times - analysts preferring to put the blame on house price growth.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Good comebacks...
Man: "I want to give myself to you."
Woman: "Sorry, I don't accept cheap gifts."
The KPMG/REC report shows that for April 07, wages for permanent staff rose on their index at the fastest rate for 82 months. Temporary staff rates eased which is surprising as the number of placements climbed to the highest rate for a decade.
Government fears of a wage price spiral have so far not materialised even though inflation is comparatively high for recent times - analysts preferring to put the blame on house price growth.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Good comebacks...
Man: "I want to give myself to you."
Woman: "Sorry, I don't accept cheap gifts."
Friday 11 May 2007
Interest Rates Highest For Six Years
We've been through 'black wednesday' a few years ago but yesterday could arguably be described as 'black thursday' as the Bank of England's Monetary Committee met to agree a hike in interest rates to 5.5%, the highest level in six years.
Rising one quarter percentage point, and following the US Federal Reserve's decision to miantain interest rates at 5.25%, the UK now officially has the highest interest rates in the 'Group of 7' rich countries club.
With the UK economy running at top speed, and firms confident about increasing their prices, the decision was widely anticipated and is the fourth increase since August of 2006. It is hoped that the increase may stave off rising inflation, currently standing above government targets at 3.1% and which was a recent sticking point between the Chancellor and the BoE.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Good comebacks...
Man: "I know how to please a woman."
Woman: "Then please leave me alone."
Rising one quarter percentage point, and following the US Federal Reserve's decision to miantain interest rates at 5.25%, the UK now officially has the highest interest rates in the 'Group of 7' rich countries club.
With the UK economy running at top speed, and firms confident about increasing their prices, the decision was widely anticipated and is the fourth increase since August of 2006. It is hoped that the increase may stave off rising inflation, currently standing above government targets at 3.1% and which was a recent sticking point between the Chancellor and the BoE.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Good comebacks...
Man: "I know how to please a woman."
Woman: "Then please leave me alone."
Thursday 10 May 2007
London Is Now The Most Expensive
According to new research, London contains some of the most expensive locations in the world.
Knight Frank and Citi Private Bank's Weath Report 2007, compares costs per square foot of space at some of the capital's prime locations with similar places in other property hotspots throughout the world.
London comes in at a jaw-dropping £2,230 per square foot compared to Monaco; historically the playground of the super-rich at £2,190, the next highest.
The report charts an index of investable assets around the globe and points to New York as being in third place followed by Hong kong. Tokyo, Cannes, St Tropez and Rome were all in the top ten.
The report went on to say that London had outperformed provincial cities around the country which is a pattern that continues with other major cities around the world.
If you've got some spare cash - you need to get in quick!
For more finance related information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Good comebacks...
Man: "Hey, baby, what's your sign?"
Woman: "Do not Enter"
Knight Frank and Citi Private Bank's Weath Report 2007, compares costs per square foot of space at some of the capital's prime locations with similar places in other property hotspots throughout the world.
London comes in at a jaw-dropping £2,230 per square foot compared to Monaco; historically the playground of the super-rich at £2,190, the next highest.
The report charts an index of investable assets around the globe and points to New York as being in third place followed by Hong kong. Tokyo, Cannes, St Tropez and Rome were all in the top ten.
The report went on to say that London had outperformed provincial cities around the country which is a pattern that continues with other major cities around the world.
If you've got some spare cash - you need to get in quick!
For more finance related information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Good comebacks...
Man: "Hey, baby, what's your sign?"
Woman: "Do not Enter"
Wednesday 9 May 2007
"Wave" Goodbye To Old Credit Cards
From September, a number of major credit card suppliers will be introducing a pilot scheme in London for a new scheme to enable users to purchase items of less than £10 in value simply by waving their credit card in front of a reader at participating outlets. This comes ahead of a nationwide roll-out in 2008.
The scheme is aimed at people who want to reduce their need for carrying small amounts of cash in order to cover things like a newspaper or a coffee and is all set to revolutionise the way most people do their impulse buying on the high street and at vending machines.
But what about security, I hear you cry in unison? The new cards will carry the "wave" logo but will not routinely require a pin number to compliment them for items of less than £10. Instead, the use of the cards will be monitored by the issuers and randomly, the user will be requested to supply a pin number to ensure that the opportunity for large scale fraud is kept to a minimum. (Remember from a previus article on credit card fraud that the onus of proof of negligence on the part of the credit card owner lies with the card issuer.)
For larger purchases, hints, tips and money-saving ideas on raising finance, visit FeelGoodLoans.co.uk
Good comebacks...
Man: "So what do you do for a living?"
Woman: "I'm a female impersonator."
The scheme is aimed at people who want to reduce their need for carrying small amounts of cash in order to cover things like a newspaper or a coffee and is all set to revolutionise the way most people do their impulse buying on the high street and at vending machines.
But what about security, I hear you cry in unison? The new cards will carry the "wave" logo but will not routinely require a pin number to compliment them for items of less than £10. Instead, the use of the cards will be monitored by the issuers and randomly, the user will be requested to supply a pin number to ensure that the opportunity for large scale fraud is kept to a minimum. (Remember from a previus article on credit card fraud that the onus of proof of negligence on the part of the credit card owner lies with the card issuer.)
For larger purchases, hints, tips and money-saving ideas on raising finance, visit FeelGoodLoans.co.uk
Good comebacks...
Man: "So what do you do for a living?"
Woman: "I'm a female impersonator."
Tuesday 8 May 2007
House Prices - Least Affordable For A Generation
In a report in todays The Telegraph, house prices are now swallowing nearly 45% of the average income of families in the UK, making them the least affordable at any time in the last generation.
Further interest rate rises expected for next week may well cool the housing market still further. With mortgage repayments now outstripping wage rises, there is a real danger of a significant increase in repossessions over the coming months.
House prices are now at around 7 times income for first time buyers which, combined with rises in council tax, general cost of living and the proposed multi-rises in interest rates, repossessions are looking evermore likely.
For debt consolidation loans and remortgages or for hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Good comebacks...
Man: "Your place or mine?"
Woman: "Both. You go to yours and I'll go to mine."
Further interest rate rises expected for next week may well cool the housing market still further. With mortgage repayments now outstripping wage rises, there is a real danger of a significant increase in repossessions over the coming months.
House prices are now at around 7 times income for first time buyers which, combined with rises in council tax, general cost of living and the proposed multi-rises in interest rates, repossessions are looking evermore likely.
For debt consolidation loans and remortgages or for hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Good comebacks...
Man: "Your place or mine?"
Woman: "Both. You go to yours and I'll go to mine."
Monday 7 May 2007
Personal Insolvencies Hit Record High
Oh dear! More bad news I'm afraid. In a report out today by Matt Falloon of Reuters (London), more than 30,000 people fell into bad debt in England and Wales in the first quater of 2007.
With interest rates likely to rise again next week, analysts are predicting further problems as more and more people find it impossible to meet their financial obligations. With the rate of insolvency now standing at around 330 people per day, this represents a rise of 25% over one year ago and the highest figure ever recorded.
Brits are apparently amongst the most indebted in the world with now over £1 trillion of debt (in all forms) currently owed. With an appetite like that, it is easy to see why personal insolvencies are at an all time high.
If you find yourself in this situation, it is a good idea to act as fast as you can and there are quite a few options for you to consider. For more information on the subject, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Good comebacks...
Man: "Is this seat empty?"
Woman: "Yes, and this one will be too if you sit down."
With interest rates likely to rise again next week, analysts are predicting further problems as more and more people find it impossible to meet their financial obligations. With the rate of insolvency now standing at around 330 people per day, this represents a rise of 25% over one year ago and the highest figure ever recorded.
Brits are apparently amongst the most indebted in the world with now over £1 trillion of debt (in all forms) currently owed. With an appetite like that, it is easy to see why personal insolvencies are at an all time high.
If you find yourself in this situation, it is a good idea to act as fast as you can and there are quite a few options for you to consider. For more information on the subject, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Good comebacks...
Man: "Is this seat empty?"
Woman: "Yes, and this one will be too if you sit down."
Friday 4 May 2007
US Sub Prime Crisis Hits GM
The recent sub-prime mortgage crisis in the United States is beginning to threaten other non-related businesses in the economy.
A report on the BBC.co.uk news website 3.5.07 stated that mortgage lenders who specialise in the sub-prime end of the market (borrowers who have difficulty in raising finance because of poor credit ratings) have been hit hard of late with more and more people on their loan books defaulting.
GMAC, General Motor's(GM) lending arm has also been caught up in the crash which has led to losses of $305m or £152m. Having recently been overtaken by Toyota as the world's largest automotive manufacturer, GM is in the middle of a restructuring programme which may yet see a culling of some 34,000 jobs and the closing of twelve production plants.
Losing more than $10bn in 2005 and a further $2bn in 2006, GM needs to get back into the black very quickly and the crisis in the mortgage market is definitely not helping. Rising interest rates sparked the initial problems as more people began to default on the repayments and left GMAC exposed to sudden difficulties.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Great put-downs...
Man: "Haven't I seen you someplace before?
Woman: "Yeah, that's why I don't go there anymore."
A report on the BBC.co.uk news website 3.5.07 stated that mortgage lenders who specialise in the sub-prime end of the market (borrowers who have difficulty in raising finance because of poor credit ratings) have been hit hard of late with more and more people on their loan books defaulting.
GMAC, General Motor's(GM) lending arm has also been caught up in the crash which has led to losses of $305m or £152m. Having recently been overtaken by Toyota as the world's largest automotive manufacturer, GM is in the middle of a restructuring programme which may yet see a culling of some 34,000 jobs and the closing of twelve production plants.
Losing more than $10bn in 2005 and a further $2bn in 2006, GM needs to get back into the black very quickly and the crisis in the mortgage market is definitely not helping. Rising interest rates sparked the initial problems as more people began to default on the repayments and left GMAC exposed to sudden difficulties.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Great put-downs...
Man: "Haven't I seen you someplace before?
Woman: "Yeah, that's why I don't go there anymore."
Thursday 3 May 2007
Identity Fraud - Protecting Yourself
A recent report from The Independent newspaper suggests that getting your money back following instances of identity theft can be more than a headache for some.
With the average loss resulting from such a fraud currently standing at £608, the Banking Code, whose subscribers include all current account providrs and the majority of credit card providers, contains a fast track mechanism for the return of your money within around five days. The reality however, is often very much different from that with some customers having to wait many months and to forced to endure a great deal of unpleasant behaviour from the financial institution with whom they suffered their original loss and in addition, a potential plummeting of their credit rating.
The onus of proof still lies with the bank or credit card. This means that if there has been a loss due to a fraud, the financial organisation needs to prove that you were negligent and therefore were partly culpable. In the vast majority of cases this has proved very difficult for the banks and nearly always, the monies are returned but the process can often take much longer than the predicted five days as surprisingly, and even now, the banks do not always have a robust infrastructure for investigating identity theft related fraud.
It can often be worth subscribing to CIFAS, an organistaion dedicated to providing additional security checks when your bank details or credit cards are used. there is a small fee however the additional checks required before you can use the card or bank account in question may significantly reduce your exposure to such fraud.
You should always act fast, contacting the Police and your bank or card issuer immediately and in turn, strengthening your case that you have not been negligent in your actions.
Always use a shredder to destroy any written documents that are not required and that may contain names, addresses, telephone numbers, account numbers, passwords, etc, etc.
If shopping online, always use a secure server connection, ie a website that shows either a padlock symbol to the bottom right of your screen when you surf their site or the following prefix to their web address shown at the top left of your screen - "https://www." .
Never give any private details to anyone over the phone and never respond with such details to unsolicited emails claiming to be from your bank or card issuer.
By following these simple rules of the road, you will dramatically reduce the threat to you of identity fraud and all of the hassle and potential costs and risks to your credit rating along the way.
For more information, hints, tips and support on all matters financial, visit FeelGoodLoans.co.uk
Great golfing quotes...
"These greens are so fast I have to hold my putter over the ball and hit it with the shadow." -- Sam Snead
With the average loss resulting from such a fraud currently standing at £608, the Banking Code, whose subscribers include all current account providrs and the majority of credit card providers, contains a fast track mechanism for the return of your money within around five days. The reality however, is often very much different from that with some customers having to wait many months and to forced to endure a great deal of unpleasant behaviour from the financial institution with whom they suffered their original loss and in addition, a potential plummeting of their credit rating.
The onus of proof still lies with the bank or credit card. This means that if there has been a loss due to a fraud, the financial organisation needs to prove that you were negligent and therefore were partly culpable. In the vast majority of cases this has proved very difficult for the banks and nearly always, the monies are returned but the process can often take much longer than the predicted five days as surprisingly, and even now, the banks do not always have a robust infrastructure for investigating identity theft related fraud.
It can often be worth subscribing to CIFAS, an organistaion dedicated to providing additional security checks when your bank details or credit cards are used. there is a small fee however the additional checks required before you can use the card or bank account in question may significantly reduce your exposure to such fraud.
You should always act fast, contacting the Police and your bank or card issuer immediately and in turn, strengthening your case that you have not been negligent in your actions.
Always use a shredder to destroy any written documents that are not required and that may contain names, addresses, telephone numbers, account numbers, passwords, etc, etc.
If shopping online, always use a secure server connection, ie a website that shows either a padlock symbol to the bottom right of your screen when you surf their site or the following prefix to their web address shown at the top left of your screen - "https://www." .
Never give any private details to anyone over the phone and never respond with such details to unsolicited emails claiming to be from your bank or card issuer.
By following these simple rules of the road, you will dramatically reduce the threat to you of identity fraud and all of the hassle and potential costs and risks to your credit rating along the way.
For more information, hints, tips and support on all matters financial, visit FeelGoodLoans.co.uk
Great golfing quotes...
"These greens are so fast I have to hold my putter over the ball and hit it with the shadow." -- Sam Snead
Wednesday 2 May 2007
FeelGoodLoans Blog Gets High On Technorati
Wow guys. Great news for this blog. We've just been spotted by Technorati.com. People are really noticing our daily finance news digest. Keep reading!
Technorati Profile
Technorati Profile
HIPS Implementation Criticised in Lords
On June 1st this year, Home Information Packs will become mandatory as part of the house sale process, but the new legislation has been widely criticised by the housing industry and now in the Lords, from a report by Reuters (London).
HIPS are designed to shift part of the burden of provision of proof of suitability of a residential property from the buyer to the seller, containing information and reports including energy efficiency and optional home condition reports. The government believe that the introduction of the new legislation will both dramatically reduce the number of house sales that fall through and all of the costs associated with them currently borne by the buyer in the chain and at the same time, stimulate innovation in the market generally.
With widespread condemnation of the scheme from industry professionals and commentators alike, it remains to be seen whether they will be warmly accepted by the public who will ultimately be the ones to decide their fate. Many experts believe that their introduction may significantly slow the housing market and in turn, put the wider economy into reverse. Equally, many estate agents, conveyancors and solicitors who depend on the housing market to provide their income may find themselves in severe difficulties if the slowdown actually takes place. We will watch with interest!
For more information about all aspects of finance, hints, tips and money saving ideas, visit FeelGoodLoans.co.uk
Great golfing quotes...
"You can make a lot of money in this game. Just ask my ex -wives. Both of them are so rich that neither of their husbands work." -- Lee Trevino
HIPS are designed to shift part of the burden of provision of proof of suitability of a residential property from the buyer to the seller, containing information and reports including energy efficiency and optional home condition reports. The government believe that the introduction of the new legislation will both dramatically reduce the number of house sales that fall through and all of the costs associated with them currently borne by the buyer in the chain and at the same time, stimulate innovation in the market generally.
With widespread condemnation of the scheme from industry professionals and commentators alike, it remains to be seen whether they will be warmly accepted by the public who will ultimately be the ones to decide their fate. Many experts believe that their introduction may significantly slow the housing market and in turn, put the wider economy into reverse. Equally, many estate agents, conveyancors and solicitors who depend on the housing market to provide their income may find themselves in severe difficulties if the slowdown actually takes place. We will watch with interest!
For more information about all aspects of finance, hints, tips and money saving ideas, visit FeelGoodLoans.co.uk
Great golfing quotes...
"You can make a lot of money in this game. Just ask my ex -wives. Both of them are so rich that neither of their husbands work." -- Lee Trevino
Monday 30 April 2007
NatWest's Mortgage Challenged
NatWest has recently whipped up a storm with their latest marketing campaign - "Mortgage Challenge". One of the 'big five', Natwest (part of the Royal Bank of Scotland) has opened themselves up to stinging criticism recently as many analysts state that the banks' claim to give you £1000 if they cannot beat your existing mortgage deal is not as transparent as it should be.
Inan artcle from Reuters (London), Julia Harris of independent industry site, Moneyfacts.co.uk claimed it as "something of an empty promise" as there are so many caveats in the smallprint that it was almost impossible to win the challenge and claim your £1000 as the marketing hype suggests.
Aimed specifically at Halifax, Abbey, Lloyds TSB and Woolwich customers, the deal NatWest uses to compare against; a two year base rate tracker at 5.14% is "unbeatable", making the headline seem like merely little more than a ploy to get people through the door without real substance to make it a fair challenge.
To apply for any type of loan or mortgage or for more information, hints, tips and money saving ideas, visit FeelGoodLoans.co.uk
You know it's going to be a bad day when...
Your birthday cake collapses under the weight of all the candles!
Inan artcle from Reuters (London), Julia Harris of independent industry site, Moneyfacts.co.uk claimed it as "something of an empty promise" as there are so many caveats in the smallprint that it was almost impossible to win the challenge and claim your £1000 as the marketing hype suggests.
Aimed specifically at Halifax, Abbey, Lloyds TSB and Woolwich customers, the deal NatWest uses to compare against; a two year base rate tracker at 5.14% is "unbeatable", making the headline seem like merely little more than a ploy to get people through the door without real substance to make it a fair challenge.
To apply for any type of loan or mortgage or for more information, hints, tips and money saving ideas, visit FeelGoodLoans.co.uk
You know it's going to be a bad day when...
Your birthday cake collapses under the weight of all the candles!
Friday 27 April 2007
Mortgage Rate Rise Inevitable?
"The Bank of England will raise the cost of borrowing by another quarter point next week.", are the words emanating from many financial analysts today although there are more than a few who are raising fears of an even greater rise.
A story today on The Telegraph website states that The Nationwide reports a 0.9% increase in average house prices for April 07 which means that annual house price inflation now stands at 10.2%. Whilst we have seen yet another price increase, the rate of increase has fallen suggesting that the slowdown has already begun.
We reported yesterday a similar theme from analysts and another rise in interest rates next week could go a long way to cool the house price boom we have seen in recent times. What will buy to let investors do now? Will there be mass mortgage panic - fixed rate or bust? Will repossessions skyrocket? We will try to bring you up to speed in our daily blog. Keep watching!
If you are thinking of applying for a mortgage or a remortgage or are interested in some handy hints, tips and money saving ideas, visit FeelGoodLoans.co.uk
Can a policeman say that...?
"So, you don't know how fast you were going. I guess that means I can write anything I want on the ticket, right?"
A story today on The Telegraph website states that The Nationwide reports a 0.9% increase in average house prices for April 07 which means that annual house price inflation now stands at 10.2%. Whilst we have seen yet another price increase, the rate of increase has fallen suggesting that the slowdown has already begun.
We reported yesterday a similar theme from analysts and another rise in interest rates next week could go a long way to cool the house price boom we have seen in recent times. What will buy to let investors do now? Will there be mass mortgage panic - fixed rate or bust? Will repossessions skyrocket? We will try to bring you up to speed in our daily blog. Keep watching!
If you are thinking of applying for a mortgage or a remortgage or are interested in some handy hints, tips and money saving ideas, visit FeelGoodLoans.co.uk
Can a policeman say that...?
"So, you don't know how fast you were going. I guess that means I can write anything I want on the ticket, right?"
Thursday 26 April 2007
Buy To Let Homeowners To Double
The number of Buy To Let property investors is to double over the next three years, a recent report suggests.
Market research analysts, Mintel as discussed on BBC.co.uk, believe that around 3% of homeowners are thinking of purchasing a second property to let to tenants by the year 2010 which would double the existing number of investors in the market.
Concerns are growing that first time buyers are going to be under increasing pressure to get on to the property ladder and for many, this may already seem an impossible task. The buy to let market may actually be beginning to fuel itself as more and more second properties are snapped up for rental purposes, forcing too many people to chase too few properties which inevitably forces housing prices up and more people into rented accommodation.
On a brighter note, the government are looking at housing schemes aimed specifically at first time buyers and those involved in essential services industries. We can expect more to come over the next few terms of office.
To apply for a mortgage or for more information, hints, tips and money saving help, visit FeelGoodLoans.co.uk
What men really mean when they say...
"I'M GOING FISHING"
Means: "I'm going to drink myself dangerously stupid, and stand by a stream with a stick in my hand, while the fish swim by in complete safety."
Market research analysts, Mintel as discussed on BBC.co.uk, believe that around 3% of homeowners are thinking of purchasing a second property to let to tenants by the year 2010 which would double the existing number of investors in the market.
Concerns are growing that first time buyers are going to be under increasing pressure to get on to the property ladder and for many, this may already seem an impossible task. The buy to let market may actually be beginning to fuel itself as more and more second properties are snapped up for rental purposes, forcing too many people to chase too few properties which inevitably forces housing prices up and more people into rented accommodation.
On a brighter note, the government are looking at housing schemes aimed specifically at first time buyers and those involved in essential services industries. We can expect more to come over the next few terms of office.
To apply for a mortgage or for more information, hints, tips and money saving help, visit FeelGoodLoans.co.uk
What men really mean when they say...
"I'M GOING FISHING"
Means: "I'm going to drink myself dangerously stupid, and stand by a stream with a stick in my hand, while the fish swim by in complete safety."
Wednesday 25 April 2007
Mortgages Down As Rates Go Up
Recent hikes in interest rates may be starting to slow the mortgage market according to the British Bankers Association.
Mortgage lending in March 07 fell to their lowest level for twelve months. Net mortgage lending rose by only £5.1bn for the month which is below the yearly average of £5.5bn.
The Building Societies Association released similar figures and whilst ther is no suggestion of concerns with regards to the economy as a whole, financial experts widely welcome the news. There was a suggestion that the housing market had been overheating which had been seen before to have serious consequences for the British economy. This latest news is no real surprise following three rate increases since last year although many analysts suggest further rate increases may take place through the course of 07.
If you're looking for a mortgage or a remortgage, looking to switch to a fixed rate or even just for more articles, hints, tips and information, visit FeelGoodLoans.co.uk
You're really broke when...
McDonalds supplies you with all your kitchen condiments!
Mortgage lending in March 07 fell to their lowest level for twelve months. Net mortgage lending rose by only £5.1bn for the month which is below the yearly average of £5.5bn.
The Building Societies Association released similar figures and whilst ther is no suggestion of concerns with regards to the economy as a whole, financial experts widely welcome the news. There was a suggestion that the housing market had been overheating which had been seen before to have serious consequences for the British economy. This latest news is no real surprise following three rate increases since last year although many analysts suggest further rate increases may take place through the course of 07.
If you're looking for a mortgage or a remortgage, looking to switch to a fixed rate or even just for more articles, hints, tips and information, visit FeelGoodLoans.co.uk
You're really broke when...
McDonalds supplies you with all your kitchen condiments!
Tuesday 24 April 2007
Fixed Rate Fix?
Mortgage lenders are showing their nerves as key players in the market withdraw their lowest fixed rate deals.
Reuters (London) reports that the Nationwide which is currently the second largest mortgage lender in the UK, has withdrawn its fixed rate products. The Alliance & Leicester, Skipton, Portman and Kent Reliance Building Societies have also withdrawn their best-buy fixed rate mortgage deals.
According to the Council of Mortgage Lenders latest figures, some 87% of first time buyers are looking for fixed rate deals and as a result, are likely to be the hardest hit group.
If you need a mortgage / remortgage / commercial mortgage, or you're looking for hints, tips and money saving ideas, visit FeelGoodLoans.co.uk
You know you're broke when...
Your imaginary friend has more money than you!
Reuters (London) reports that the Nationwide which is currently the second largest mortgage lender in the UK, has withdrawn its fixed rate products. The Alliance & Leicester, Skipton, Portman and Kent Reliance Building Societies have also withdrawn their best-buy fixed rate mortgage deals.
According to the Council of Mortgage Lenders latest figures, some 87% of first time buyers are looking for fixed rate deals and as a result, are likely to be the hardest hit group.
If you need a mortgage / remortgage / commercial mortgage, or you're looking for hints, tips and money saving ideas, visit FeelGoodLoans.co.uk
You know you're broke when...
Your imaginary friend has more money than you!
Monday 23 April 2007
Town Houses Rise To £100k
For the first time, the average house price in every town in the UK has risen to £100k, according to the latest housing survey conducted by The Halifax.
At £104,738 (average price of town house), Lochgelly in Fife is officially the cheapest town in Britain, though this is still someway short of the average for the whole of the UK which surpassed £100k for the first time in February of this year.
With London house prices rising around 14.6% over the past year, this considerably exceeds rises elsewhere in the country: the north-east for instance, rising only 5.6% over the same period.
It has been widely reported that the general conscensus of the mortgage industry believes that a further interest rate rise is inevitable in May to stave off further significant rises. It is extremely important to keep inflation and the property market stable if we are to avoid the 'boom and bust' scenario of the 1980's and 1990's.
Many people are turning to fixed rate mortgages in an attempt to avoid future rate rises as the mortgage is still and by some considerable margin for many, the largest single monthly expense.
You know you're broke when...
You can't afford to pay attention!
Visit FeelGoodLoans.co.uk for more finance articles, hints and tips.
At £104,738 (average price of town house), Lochgelly in Fife is officially the cheapest town in Britain, though this is still someway short of the average for the whole of the UK which surpassed £100k for the first time in February of this year.
With London house prices rising around 14.6% over the past year, this considerably exceeds rises elsewhere in the country: the north-east for instance, rising only 5.6% over the same period.
It has been widely reported that the general conscensus of the mortgage industry believes that a further interest rate rise is inevitable in May to stave off further significant rises. It is extremely important to keep inflation and the property market stable if we are to avoid the 'boom and bust' scenario of the 1980's and 1990's.
Many people are turning to fixed rate mortgages in an attempt to avoid future rate rises as the mortgage is still and by some considerable margin for many, the largest single monthly expense.
You know you're broke when...
You can't afford to pay attention!
Visit FeelGoodLoans.co.uk for more finance articles, hints and tips.
Thursday 19 April 2007
Mortgage Lenders Turn Up The Heat As They Turn Down Applications
A recent survey published results that show for the half-year ending mid march 07, the Uk's mortgage lenders refused more than 460,000 mortgage applications. The largest age group for refusals was 18-34 years old.
A drop in first time buyer applicants, increases to mortgage interest rates, together with house price rises have caused affordability issues and inevitably priced many people out of the market accordinging to MoneyExpert.com.
There may of course, be other ways to finance particular projects that people have in mind however. If you're looking for a mortgage or indeed any type of finance, visit FeelGoodLoans.co.uk for more information.
You know you're broke when...
companies don't call you to switch your service any more.
A drop in first time buyer applicants, increases to mortgage interest rates, together with house price rises have caused affordability issues and inevitably priced many people out of the market accordinging to MoneyExpert.com.
There may of course, be other ways to finance particular projects that people have in mind however. If you're looking for a mortgage or indeed any type of finance, visit FeelGoodLoans.co.uk for more information.
You know you're broke when...
companies don't call you to switch your service any more.
Wednesday 18 April 2007
Well. Here it is.....
Hi there and welcome to my money-blog.
It's gonna find some interesting titbits from around the world on personal finance issues - 'cos that's what we do at FeelGoodLoans.co.uk.
But on top 'o dat, we'll be lookin to provide a few ways of savin money - 'cos that's what you do, right?
Let me know what you think, and if you wanna see some changes, no problemo. I'm happy to help!
You know you're broke when -
American Express calls and says, "Leave home without it!"
It's gonna find some interesting titbits from around the world on personal finance issues - 'cos that's what we do at FeelGoodLoans.co.uk.
But on top 'o dat, we'll be lookin to provide a few ways of savin money - 'cos that's what you do, right?
Let me know what you think, and if you wanna see some changes, no problemo. I'm happy to help!
You know you're broke when -
American Express calls and says, "Leave home without it!"
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