The new rules are still being discussed, but there are some clear themes emerging already. It’s most likely that Self Certification Mortgages - those where the borrower declares his earnings without having to supply proof, are going to be banned outright.
Lenders will now have to check borrowers incomes, and borrowers will have to provide [...]

It is true that money cannot buy everything but of course, there are advantages when you have enough or much money. You could be able to meet your needs and provide the needs of those people who depend on you. These fast and demanding times, you have to see to it that you are good [...]

UK banks are facing a crackdown on their right to pinch money from savings accounts to pay off customers debts.
They are to be banned from simply swiping cash from an account that is in credit without first assessing whether a customer would be left struggling to pay vital bills. Customers are also likely to be [...]

Legal & General Mortgage Club has launched a new mortgage where applicants do not need to be credit scored. The two-year fixed-rate mortgage, which has a rate of 3.35pc, is the only offer of its kind available to borrowers.
Martin Smith, head of mortgages at Legal & General, said: “Credit scoring has its place but complex [...]

For singles, creating a budget is relatively easy. They tend to have a good handle on how much money they have coming in, and when tracking expenses, they only have their self to think about. But creating a family budget is a whole new ball game.
Most families have multiple sources of income. And when there [...]

Debt has a way of creeping up on us if we let it. It’s important to keep our debt at reasonable and manageable levels, or we could end up incurring insane interest charges and scrimping & scraping to make our payments. Even for those who manage debt well, unexpected life changes can result in difficulty [...]

UK households will spend an average extra £350 on essential bills over the next 12 months, equating to needing an extra £430 in income before tax. Families struggling with rising inflation and pay freezes face rises in the vcost of the called ‘Must Pay’ bills such as water, phone calls, postage stamps, council tax and [...]

Britain’s labour government is considering introducing greater protection for homeowners unable to keep up with their credit card and loan debts. The Ministry Of Justice has launched a consultation to see if someone should have defaulted on a minimum amount of debt before a court can order their home be sold to repay it.
Under the [...]

How to take charge of your debts
The rising cost of living and dying has made people more reliant on loans and credit. Most people have been indebted to someone at some point in their lives. A debt is an obligation that should be paid and accounted for no matter how meagre the amount.
Being [...]

Budgeting is an important aspect of living and a person who knows how to budget will go a long way in this commercialised society. Budgeting has a lot to do with keeping the expenses less than the total income of the household. Those who are very good at budgeting can come up with [...]