Historic First For Bank of England On Its Way

The Bank of England was established in 1694. And in its history it has never set the official interest rate below 2%. Is the Bank going to create history by lowering the rates below their current 2 per cent for the first time ever?
Financial markets think so. Because they are dumping the Sterling in favour [...]

New Credit Card Code: How It Can Help You?

Government has forced credit card companies to sign up to a new code of conduct. What does this mean for the consumers?

Is this going to lower the rates people pay on their cards? Unlikely. Despite the new code of conduct, companies have not been forced to lower rates. Some are still charging 15-17% [...]

Are Zero Per Cent Rates On Their Way In?

British economic woes are set to deteriorate in coming months. The National Institute of Economic and Social Research (NIESR) says that the country is heading for a recession at least as bad as in early 1980s.
NIESR is one of Britain’s largest independent economic research bodies. It says that the main problem government needs to [...]

Government Starts Calling Shots on Bank Lending Policies

After owning almost 58% of Royal Bank of Scotland (RBS), government has started to call shots on its lending and other policies. It is also reviewing its business strategy closely.
At the time of rescuing the bank, govt has demanded bank to make commitment to lend to homeowners and small businesses at 2007 levels. And [...]

Rent to Own – A New Approach to Get in Housing Ladder

Rent to Buy is a new approach which provides home buyers the opportunity of home ownership without taking on debt. It works like a normal rental agreement within a normally 20%-30% rental payment which is put towards the price of the home.
This is a wonderful option for those people who [...]

Rent to Own – A New Approach to Get on Housing Ladder

Rent to Buy is a new approach which provides home buyers the opportunity of home ownership without taking on debt. It works like a normal rental agreement within a normally 20%-30% rental payment which is put towards the price of the home.
This is a wonderful option for those people who [...]

Will Credit Card Rates Come Down Too?

There are 31 million credit cardholders in the UK. And they rely heavily on spending using their plastic. In the third quarter of this year, £33.2bn was spent on credit cards, while £31bn of repayments were made.
But those who are paying delayed credit card payments are probably thinking that their payments will reduce after [...]

Interest Rates – Any Chance of Further Cuts?

Oh Yes, most certainly… at least that is the verdict of Bank of England’s governor, Mervyn King.
And who knows better than, well the man who is going to have a major say in all this after all?
Speaking to Commons Treasury select committee yesterday, he said that he wants banks to start lending normally rather [...]

Britain’s Economic Prospects Are Grim – Going Forward!

A report from the OECD, a rich-country think-tank, released recently said that out of world’s seven biggest economies, out for Britain’s the bleakest because it is the only one facing recession this year. So the government’s often repeated claim that economic woes are global, and well-managed Britain is better placed than most to deal with [...]

Tips on how to Sell House Fast

When a house owner makes up his or her mind to sell their house, they just want to sell it fast.
However the only thing that stops them sell the house fast as they wish is: condition of their property and the price.

May be the asking price for the property in its current condition is [...]