January 11th, 2008
Yesterday the Bank of England’s Monetary Policy Committee voted to maintain interest rates at 5.5%, to the surprise of many economists who had been predicting a further drop following that made in December. Until the minutes of the meeting are published later in the month it remains to be seen how close the vote was, […]
January 9th, 2008
When we moved into our new flat in March last year, we dutifully set about doing all the things that one does when moving house - that invariably lead to mild feelings of self-hatred for deciding to move in the first place - such as getting phone and broadband sorted out. The flat already had […]
January 7th, 2008
Today is one of the busiest days of the year for people in the financial advice industry. The first Monday of the New Year is officially the day when people wake from their seasonal slumber and try to get their lives in order; invariably this includes seeking some form of advice regarding their finances in […]
January 3rd, 2008
The Bank of England has today reported a reduction on the availability of secured credit to households over the last three months, and expects the same to continue over the first quarter of 2008. What does this mean for consumers? In a nutshell: that secured lending is becoming harder to access due to more stringent […]
January 3rd, 2008
It is a well known fact that January is the longest month in the calendar year. It may only contain 31 days, the same as half of the rest of the months in the year, but somehow January is definitely longer. The days are shorter, the darkness seemingly endless; the cold no longer seems festive […]
January 3rd, 2008
Experts have been predicting the downturn of the housing market for around 18 months now, since interest rates began to rise mid 2006. With house prices rising seemingly endlessly across the country all the while and sellers laughing all the way to the bank, this may seem another weary reiteration of the same old news […]
December 23rd, 2007
I read with some astonishment this morning that an astounding 75% of borrowers do not believe that they are responsible for their own levels of over-indebtedness. Three quarters of consumers do not feel responsible for making their own decisions regarding their finances, and feel that instead, lenders are to blame. With repossessions on the rise […]
December 20th, 2007
The buy-to-let market in the UK is showing signs of becoming inaccessible to the average potential investor. The needs of student populations, immigrant communities, and young would-be first time buyers being priced out of the market will always drive the need for a ready supply of buy-to-let properties; however, questions are being raised about the […]
December 15th, 2007
We all do it. Despite your best intentions after last year, you didn’t start saving early, you didn’t start buying presents early, and before you know it, the Silly Season has rolled around again and there’s only one thing to do: Panic! Panicking usually results in sweaty, frightening scenes in Oxford Street at 9pm on […]