Welcome to the Money Hospital blog.
Mark,
Joy,
Jeni,
Bill,
Sergey
and others are here to bring you the latest money and personal finance
news, stories and commentary, as well as money savings tips and suggestions.
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With Britain’s recession, tax increases, government budget cuts and an anticipated rise in interest rates, times are getting financially harder for a lot of us. If you’re struggling to pay your mortgage then don’t suffer in silence or risk losing your home – there is help available. One option you may want to think about [...]
I’ve had an individual savings account or more commonly known as a cash ISA since 2001. I got it just 18 months after they were introduced by the former Government back in April 1999. They’re a great way to save tax free and now roughly one in three adults hold an ISA savings account. I’ve always made sure I invest the full allowance for the year which currently is £5,100 per annum.
New figures show that mortgages are getting more affordable. According to the Council for Mortgage Lenders, monthly mortgage payments now account for a lower proportion of homeowners’ income than they have for a generation.
But is the cost of borrowing today’s mortgages really cheap? And if so, what might this mean for homebuyers? We take a look at two mortgages; a five-year fixed rate mortgage and a lifetime tracker, to find out how much they really cost, whether or not they are good value, and which one is the better option.
There’s been a lot of talk lately (not least from us) about the benefits and pitfalls of choosing the right type of mortgage. Having delved into fixed rate mortgages last week, Robyn Hall has written a new Guide to Tracker Mortgages. When you have a tracker mortgage, the interest payments that you make are directly [...]
As the trend for big hikes in fixed rates continues, it leaves many of you wondering what you should do with your mortgage. And the question is, should you fix or should you track? Mortgage advisers have warned that time is running out for those of you wanting to find a good value fixed rate [...]
Not so long ago, we mentioned that overpaying mortgages was back in fashion. And now it seems that you could save up to £13,500 on your mortgage – whatever kind of mortgage you have. How? Well read on… If you are one of those who has overpaid your tracker mortgage as the base rate has [...]
