With benefit cuts and the failure of the government's Mortgage Rescue Scheme, homeowners must understand that they cannot rely on state help alone if they lose their income.
The Mortgage Rescue Scheme was intended to help 6,000 households struggling to pay their mortgage: in its first two years it has helped just 2,600.
Not only that, but the scheme is over budget, with…Continue
Added by Mark Williams on August 31, 2011 at 15:30 — No Comments
More than three-quarters of people are happy for their parents or grandparents to use equity release to help fund their retirement, despite property being seen as a key part of inheritance, according to recent research.
It revealed that the topic of inheritance remains taboo, with 63% of Britons having not or refusing to talk…Continue
Added by Mark Williams on August 24, 2011 at 13:00 — No Comments
Lenders continue to cut fixed mortgage rates in an attempt to get borrowers to switch away from their variable rate deals.
The latest research has revealed the average five-year fixed mortgage rate has fallen below 5% for the first time since records began in 1988.
While the average…Continue
Added by Mark Williams on August 18, 2011 at 11:30 — No Comments