Bogus payslips back up mortgage applications
June 14, 2007 | Leave a Comment
It seems that fake payslips are being sold on the Internet to enable borrowers to show their high income so that they can take out loans and mortgages that they cannot really afford. This is of course a fraudulent practice.
Mortgage approvals down
June 13, 2007 | Leave a Comment
Mortgage approvals have fallen to their lowest level for twelve months, according to the Bank of England. Their figures show that approvals dropped by 5,000 from March to a figure of 107,000 for April.The amount of money lent on homes fell from £9.4bn in March to £8.9bn in April – the lowest for seven months.
Buy to let market news
June 12, 2007 | Leave a Comment
The buy-to-let market is showing no signs of slowing down despite gloomy warnings of further interest rate rises and rising house prices. The market has a good grounding for growth.
Is it more expensive to borrow smaller sums of money?
June 8, 2007 | Leave a Comment
New figures are emerging indicating that it may in fact be cheaper to borrow larger amounts when taking out certain personal loans.
Going on holiday? then make sure you check the small print!
June 7, 2007 | Leave a Comment
If you are one of the thousands of people planning a holiday this summer then it would be a good idea to double check the small print of your card before you go. This is because new studies have shown that banks such as Natwest have bumped up their prices for cards that are used abroad.