Missold an Interest Only Mortgage?

Were you badly advised to take out an interest only mortgage? Lumbered with an unaffordable mortgage? You could be liable for compensation if you were mis-sold a mortgage.

During the property boom interest only mortgages were all the rage, after all, why get all your cash tied up repaying equity in your home when property prices are rising and you cans sell up in a few years time and make lots of cash anyway? Or so the theory went.

But in the Post-Credit Crunch world of property, things are very different. So different in fact that many lenders now no longer offer interest only mortgages, or those that do require far more proof of repayment capability before giving you a mortgage.
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Huge Room for Improvement in the Banking Sector

A new report on how well the banking sector helps customers manage their money has revealed a slight improvement, however the experts still insist it has a long way to go.

This not long follows the news from the Financial Services Authority (FSA) revealing that the sector received 1.79 million complaints in total in the last six months of 2010. Following current accounts, payment protection insurance was the second most complained about financialRead More

Tuesday is the Busiest Day for Savers

Between 3 and 4pm on a Tuesday Brits are more likely to open their online savings accounts than at any other time during the week, new figures show. But could they use this time wisely and be better off looking to claim compensation for missold insurance instead?

Twenty percent of people open their online savings accounts on a Tuesday afternoon, research by BM Savings revealed, followed closely by the 18 percent who do so on a Wednesday.

WhenRead More

North East Urged to Check Redundancy Protection Insurance

Economically the North East of England remains in trouble as new figures show unemployment has risen, even though overall employment rose across the nation, figures show.

If you are worried about being made redundant, check your redundancy protection insurance to ensure you are covered should you lose your job.

The Office for National StatisticsRead More

Compromise Agreements: How they Affect PPI

Payment protection insurance typically covers a person should they lose their job. There are different types of payment protection insurance, some which cover a person’s income in full and all the billsRead More

New Consumer Law Plans to Help Victims of Misselling

New proposals for consumers who may have been mis-sold products and services from unscrupulous companies and individuals could help people who have lost money and help stamp out unacceptable sales techniques.

Proposals put forward by the Law Commission, if put into practise, could see consumers take action against companies, return items and seekRead More

Income Protection Cover: Two in Five Go Without

Brits are being urged to take out adequate income protection cover to protect their families if they should lose their main source of income.

The recent number of cases where people have been mis-sold payment protection insurance however increases the need for Brits to investigate this product carefully.

Statistics from Nationwide reveal more families in Britain have cover in place for their property and possessions than they do to protect themselvesRead More

Bad Mortgage Advice: Don’t Put Up With It

Bad mortgage advice can leave you with years of financial misery and could even lead to you losing the home that you’ve worked so hard to buy. Don’t put up with it. Follow these tips on how to avoid getting bad mortgage advice.

A mortgage is, for most us, the single biggest financial purchase we will make in our lives. We save hard for a deposit, look carefully for the right house and, for most of us, then look around for the best mortgageRead More

Remortgage Advice: Avoid Being Mis Sold a Mortgage

Looking to take out a new mortgage? Finding the right mortgage when you are looking to remortgage for your needs is massively important if you want to avoid paying too much, or even landing yourself with a mortgage you cannot afford in the long run.

Mortgage advice is important when it comes to buying a home. With so much at stake it really is importantRead More

Credit Card Balance Transfer Offers & What You Need to Know

Anyone who already has a credit card, or more importantly credit card debt, will be able to benefit from good credit card balance transfer offers. Follow these tips for finding the right card.

Competition in this market is growing all of the time with a number of eye-popping balance transfer credit cards currently on the market offering as much as 18 months 0 percent on balance transfers.

But if you are looking to switch to a new credit card,Read More