Mortgage

29 July

2013

Should You Use Savings to Pay off a Mortgage?

By JemimaPoppy Blog, Mortgage No Comments

With interest rates on savings abysmally low and lenders offering better deals on mortgages, people are starting to question where the best place is to put their spare cash. If a mortgage is your only debt, clearing it quickly through overpayment may indeed be the most logical option. But be warned – there are numerous [...]

28 December

2012

Do You Understand Your Mortgage?

By JemimaPoppy Mortgage No Comments

Mortgages can be a complex business and it’s often rather difficult to get to grips with the different types on offer, and which one is right for you. If you’re looking for information on the various types of mortgages and how to choose one that works with your finances, here is a quick guide: A [...]

31 October

2012

‘Mortgage Prisoners’ and Fears of Repossession

By JemimaPoppy Debt, Mortgage, Repossession No Comments

It is no secret that the UK’s housing market has been one of the worst hit areas of the economy in recent years. But despite a 2% rise in prices in the last year, the latest consumer report by Which? has revealed continued concern about the current state of the property market.

18 June

2012

Double dip recession to further household debts for Brits

By JemimaPoppy Debt, Homeowners, Mortgage No Comments

Britain is fixed in the longest economic downfall for over a century – fact.

Not even in the days of the ‘Great Depression’ in the 1930’s did Britain suffer for so long in a recession that has now undergone the deepest double dip since 1975.

The first GDP quarter of 2012 between January and March shrank by 0.3%, and the second quarter which we are currently in is expected to see another drop due to the Jubilee bank holidays.

The statistics from recent surveys show that this has affected the majority of the public, with pensioners being the most affected by the current financial climate.

A survey by Age UK revealed that one in five old aged people are in debt to a mortgage, credit card, or a loan.