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Higher LTV remortgage deals offered by N&P

Category : News

Norwich and Peterborough Building Society (N&P) has revealed that it has increased the loan to value (LTV) figure on some of its mortgage arrangements.

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Higher LTV remortgage deals offered by N&P

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Insurance Policyholders Should be Wary of Leaving Engines Running

Category : News

Most of us will be able to think of a time when we got in the car, started the engine, and then realized that we have forgotten something and quickly nipped back from the car, the engine running while we pop and grab everything what we left behind. In fact there are some people who Insurance Policyholders Should be Wary of Leaving Engines Running is a post from: Loan Insurance News Tips

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Insurance Policyholders Should be Wary of Leaving Engines Running

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What’s So Special About the 30-Year Mortgage?

Category : News

Many legislators believe that’s the 30-year, fixed-rate mortgage is good for home owners and good for the government to support as a matter of policy. The Idea That government backing is required for a 30-year, fixed-rate loan has some surface plausibility. Many people who do not follow the financial markets Might Assume That That lending What’s So Special About the 30-Year Mortgage? is a post from: Loan Insurance News Tips

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What’s So Special About the 30-Year Mortgage?

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Federal Government Should Get Out of the Mortgage Insurance Business

Category : News

in the First and most importantly, it was shortened the maximum amortization period to government-insured mortgages from 35 to 30 years. Then he brought the cap to Canadians against their home equity to borrow 90 to 85 percent, and he was backed by home equity lines of credit are eligible for government-sponsored insurance. This stimulated Federal Government Should Get Out of the Mortgage Insurance Business is a post from: Loan Insurance News Tips

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Federal Government Should Get Out of the Mortgage Insurance Business

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Auto Service by the Geico Motor Insurance

Category : News

Making the right planning in buying for the motorcycle insurance can be tried by going to the on-line choices that are provided in a lot of agencies and also companies. The choices will be effortlessly giving us the quotes of the insurance on-line and also the payments are also able to be made on-line. Geico Auto Service by the Geico Motor Insurance is a post from: Loan Insurance News Tips

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Auto Service by the Geico Motor Insurance

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Warning Over Pitfalls of Consumer Credit Directive

Category : News, Other, personal loan

Some experts warned today that the looming Consumer Credit Directive could lead to customers being charged higher interest rates on their unsecured personal loans and credit cards. The directive comes into effect on 1 February and it requires any company or bank offering products such as credit cards and personal loans to offer just 51 per cent of successful applicants the “typical” rate of interest as seen in their promotional material. Before the directive, this figure stood at 66 per cent. Although some commentators have said that the European directive will give greater transparency to the acquisition of personal loans and other forms of personal credit, the Daily Telegraph News website reported the concerns of some analysts who believe many borrowers could end up paying a higher rate of interest than they originally bargained for. Moneysupermarket head of loans and debt Tim Moss told the newspaper that, although it was a welcome development to see greater transparency, the fact that fewer applicants will end up with the advertised interest rate could be seen as a backwards step. “There is also a danger lenders could take advantage of the Consumer Credit Directive as they will be able to offer higher than advertised rates to a much higher proportion of successful applicants,” he said. “Ultimately consumers will always need to borrow money and the best defence against the new regulation is for borrowers to check their credit profiles, understand how the application process works and choose wisely when applying for any credit product.” The directive intends to modernise credit legislation and make it the same across the European Union.

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Warning Over Pitfalls of Consumer Credit Directive

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Warning Over Pitfalls of Consumer Credit Directive

Category : News, Other, personal loan

Some experts warned today that the looming Consumer Credit Directive could lead to customers being charged higher interest rates on their unsecured personal loans and credit cards. The directive comes into effect on 1 February and it requires any company or bank offering products such as credit cards and personal loans to offer just 51 per cent of successful applicants the “typical” rate of interest as seen in their promotional material. Before the directive, this figure stood at 66 per cent. Although some commentators have said that the European directive will give greater transparency to the acquisition of personal loans and other forms of personal credit, the Daily Telegraph News website reported the concerns of some analysts who believe many borrowers could end up paying a higher rate of interest than they originally bargained for. Moneysupermarket head of loans and debt Tim Moss told the newspaper that, although it was a welcome development to see greater transparency, the fact that fewer applicants will end up with the advertised interest rate could be seen as a backwards step. “There is also a danger lenders could take advantage of the Consumer Credit Directive as they will be able to offer higher than advertised rates to a much higher proportion of successful applicants,” he said. “Ultimately consumers will always need to borrow money and the best defence against the new regulation is for borrowers to check their credit profiles, understand how the application process works and choose wisely when applying for any credit product.” The directive intends to modernise credit legislation and make it the same across the European Union.

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Warning Over Pitfalls of Consumer Credit Directive

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Portland brokers saw mortgage meltdown loom; federal report hints it could happen again

Category : News

(Source: By Jeff Manning, The Oregonian, Portland, Ore.)  – In February 2004, future Federal Reserve Chairman Ben Bernanke penned a paper titled “The Great Moderation,” a celebration of a sunny new era of economic stability. Deregulation and “increased depth and sophistication of financial markets” were in part responsible for the decline in economic volatility, he

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Portland brokers saw mortgage meltdown loom; federal report hints it could happen again

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Credit card companies must now disclose info behind rate decisions

Category : News, Other

(Source: By Tim Grant, Pittsburgh Post-Gazette) – Some borrowers are more creditworthy than others — which has been the standard explanation as to why lenders offer the lowest rates to customers with the best history of repaying loans while riskier clients pay higher interest. A new federal law that took effect Jan. 1 requires lenders

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Credit card companies must now disclose info behind rate decisions

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Housing bust’s ripple effect

Category : News

(Source: By Robert Digitale, The Press Democrat, Santa Rosa, Calif.) – Only five years ago, when the housing market was a powerful engine driving economic growth, eager buyers snapped up more than $4 billion worth of homes and condominiums in Sonoma County. Today, the housing market is half its former size, battering workers whose livelihoods

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Housing bust’s ripple effect