A falling economy will take house prices with it…

Why would the bonus culture die when it only rewards immediate results?
What is a bonus? Certain employees, within certain business units of a company will expect a bonus. They will receive a good solid base salary which will pay the mortgage and then some but on top of this they will expect a bonus of [...]

Despite Northern Rock coming under public ownership in February 2008, the number of customers in arrears with their mortgage or those having their homes repossessed rocketed during 2008: by the end of the year, 17,264 customers had at least 3 months’ of arrears, compared to 3,500 at the start of 2008 – a huge increase [...]

On the 23rd February 2009, Northern Rock announced that it was to increase its mortgage lending capacity within the market, following close consultation with the Government. It will launch a whole new range of mortgages for both first-time buyers and those remortgaging.
This means that existing Northern Rock customers will have greater choice [...]

While many people have been drowning in debt over the last few years, the banks have been adding to this by hitting (often vulnerable) customers with huge charges for going overdrawn or for unpaid direct debits, etc. Charges often reach £30-£40, with extra charges added on for every day a customer remains overdrawn, and in [...]