We are generally becoming much better at saving money and cutting back on luxuries. The days of endless cheap unsecured loans, full employment and live-now-pay-later lifestyles are well behind us, with the cold hard reality of thrift now playing an important part in most people’s lives. The trick to dealing with this is to find
In recent years, it is has become increasingly difficult for first time buyers to get that all important first step on the property ladder. This has resulted in buyers often trying to find creative ways of bypassing their financial restrictions, such as buying in partnership with friends and family members, seeking out ex housing authority
Are you wondering ‘can you improve your credit rating?’ Your credit score can affect your ability to successfully apply for finance products or benefit from preferential rates. However, do you know exactly how it’s calculated or the best ways of improving it? What’s a credit score? Your credit rating is used by lenders to determine how
Self-employed mortgages readily available Anyone with even a passing interest in the UK mortgage market will tell you what a minefield it is nowadays, with post-crunch lenders nowhere near as generous as they were 6 years ago, but people are still borrowing, and plenty of them are self-employed. Despite lenders now having a reputation for
For many, the term, “negative equity”, is likely to be synonymous with the political, economic and social culture of the early 1990s, and is a phrase that is likely to evoke fear in home-owners around the UK. Put as simply as possible, it is a situation in which a mortgage exceeds the actually value of
As the recession continues to bite, many people are increasingly investigating means of accessing finance in a manner that is cost-effective, quick and financially beneficial. Today, people are constantly bombarded with advertising that shows them how to do this, and it can be difficult to make an informed choice in the wake of such competition.