Archive for the ‘Credit crunch’ Category
Friday, November 21st, 2008
Equity release is simply a way of turning the cash that’s tied up in your property into actual cash money and it’s becoming an increasingly attractive option for many who need extra cash but who don’t want extra debt.
Most equity release schemes are only available to homeowners over 50 or ...
Posted in Credit crunch, Debt, Personal Finance, Property Prices | No Comments »
Tuesday, November 18th, 2008
This Christmas, UK shoppers are expected to spend around £31 billion on the festive season’s traditional trappings – including gifts and groceries – and more than £7 billion of that total will be on credit. However, what happens in January when we have to start paying it all back?
With ...
Posted in Credit crunch, Debt, Personal Finance | No Comments »
Sunday, November 16th, 2008
It’s been a week of yet more bad news for UK property owners as it’s being reported that home sales are falling drastically, primarily because mortgage lending is down by 70%.
The figures are the result of a survey commissioned by the Royal Institution of Chartered Surveyors (RICS) and it showed ...
Posted in Credit crunch, Property Prices | No Comments »
Saturday, November 15th, 2008
The value of the £ currency of the UK has been getting battered lately, falling sharply against the US $ and Euro amongst others this past week.
GBP or Sterling as its also known ended the week trading a fraction of its summer value which peaked above $2, GBP/USD Which will soon be trading ...
Posted in Banking, Credit crunch | No Comments »
Friday, November 14th, 2008
A leading finance expert has reported that many private schools are struggling to survive as pupil numbers fall, primarily because increasingly cash-strapped families are finding it hard to pay for private schooling during the credit crunch.
The cost of a private education has risen by 40% in five years and ...
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Thursday, November 13th, 2008
When times are tough and Moneys tight many people look to save money by cutting back on their out goings.
Should you Scrap your life insurance because of the Credit Crunch?
People overlook the importance of a good Life Insurance policy. Life Insurance can provide you and your family with much-needed ...
Posted in Credit crunch, Personal Finance | No Comments »
Tuesday, November 11th, 2008
If you’re planning on doing your Christmas shopping soon, make it this weekend because reports out this week suggest that high street retailers are planning to slash prices by up to 70% this weekend as they prepare for a 'bargain basement' Christmas.
Around 50% of UK families are expected to ...
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Sunday, November 9th, 2008
The much publicised merger of Lloyds TSB and HBOS (Halifax Bank of Scotland) 2 of the UK's largest banks might not happen after all, theres reported to be a new bid for HBOS and its speculated to have government support.
The plan to allow Lloyds TSB to takeover HBOS and merge ...
Posted in Banking, Credit crunch | No Comments »
Wednesday, November 5th, 2008
Here's a link to the credit crunch song
Around 340,000 people have downloaded or watched the ‘Credit Crunch song’, by Alex Yeoman, who uses the name ‘Antan Debt and the Overdrafts’.
The video begins with Yeoman dressed in a snazzy business suit as he jumps behind the wheel of his Porsche. However, ...
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Tuesday, November 4th, 2008
Today as the UK Chancellor Alistair Darling luanches a new company to manage taxpayers shares in the banks they've bailed out, RBS (Royal Bank of Scotland) reveals it may be next to apply for government cash.
RBS warned that "significant risks" remained and that it was "not possible to forecast with ...
Posted in Banking, Credit crunch | No Comments »
