Date:24 August 2012 I Comments: 0 I Views:12,939

There are many things that happen in life which need quick and decisive action. Things like the washing machine breaking down when you need to get the kids’ school clothes clean, the car conking out which you avidly rely on to ferry you to work every day or your TV going on the blink when the race is about to start. If you have emergency funds you will be able to get these things repaired or replaced but what happens if you don’t have the money to hand or don’t have insurance to cover it? One option a lot of

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Date:9 July 2012 I Comments: 0 I Views:12,617

Interesting news article suggests: a low borrowing rate gave false impression of HBOS solvency Angry Lloyds shareholders say the Libor scandal is more proof they were mislead into voting to take over HBOS. They have instructed lawyers to incorporate in their claim against Lloyds TSB directors the allegation that they knew that HBOS’s real interest rates were not being quoted at the very time that the directors of Lloyds TSB were recommending a merger with the stricken bank. Lloyds Action Now (LAN) has been campaigning for the past three years for compensation for the 800,000 private shareholders who lost up

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Date:11 June 2012 I Comments: 1 I Views:28,995

Investments – always good to look on with hindsight: If you had purchased £1,000 of shares in Delta Airlines one year ago,   you would have £49.00 today If you had purchased £1,000 of shares in AIG insurance company one year ago, you would have £33.00 today. If you had purchased £1,000 of shares in Lehman Brothers five years ago, you would have nothing today. If you had purchased £1,000 of shares in Northern Rock three years ago, you would have nothing today But, if you had purchased £1,000 worth of beer one year ago at Tesco’s, drunk all the beer,

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Date:31 May 2012 I Comments: 0 I Views:8,063

If you are thinking about taking out a secured loan it is important to make sure that you have a clear understanding of exactly what is involved. Secured loans have a number of advantages and disadvantages and whether or not they are the right product for you will depend on your circumstances. If you do decide to opt for this kind of borrowing then you can compare secured loans by using a comparison website to help you determine which lender and product best meet your needs. How Does a Secured Loan Work? You can only get a secured loan if

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Date:31 May 2012 I Comments: 0 I Views:7,005

If you want to know why the world is currently in financial turmoil then this is a very insightful read: http://www.bloomberg.com/news/2012-05-31/woman-who-couldn-t-be-intimidated-by-citigroup-wins-31-million.html To summarise, Citigroup (a whopper of a US bank with all sorts of questionable ties and one that received a massive bailout from the US Government) sold mortgages and they also bought mortgages from other financial institutions. It then sold on these mortgage debts to other lenders and that alone is enough to make some people’s head spin. The debts were sold on because they had value because the people who actually owed the money were paying interest. Lenders

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Date:29 May 2012 I Comments: 2 I Views:7,824

I came across something about Facebook that made me laugh and it inspired me to go ahead and write something I’ve been mulling over for a while now. Ever since MZ (Mark Zuckerberg) was slated for wearing his hoodie to meetings with investors and the much publicised IPO I’ve been itching to write something but this is a bit of a fail because I’m going to re-post something someone else did. But first, so what if he wore a hoodie! I’m more interested in what he said in the meetings! But I couldn’t find much about that in the press…

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Date:23 May 2012 I Comments: 2 I Views:8,090

A little while ago Aviva launched a series of life insurance ads on TV to try and raise awareness and so they should because apparently the UK population is grossly under-insured. Having been in the industry for but a few short years these were the first TV ads I’d seen for life insurance. It turns out (and it’s not a major revelation if you think about it) TV ads for life insurance have been around in other parts of the world for quite some time and while searching the interweb for ideas and information I came across one from late

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Date:21 May 2012 I Comments: 1 I Views:11,199

Interest only mortgages first came to our attention alongside the infamous endowment policy (but that’s another story), but whilst endowments are no longer popular because of their poor returns and inflexible properties, interest only mortgages have remained a firm favourite with homeowners, mostly because it is cheaper to pay interest only instead of capital and interest. Now they are coming of age and lenders as well as borrowers are beginning to realise that the monthly savings have been a false economy. Many borrowers who said they had an investment vehicle such as an ISA or a pension were not telling

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Date:10 May 2012 I Comments: 0 I Views:9,781

A bit of a shocker of a headline! House prices to stay flat for 10 years! That was the headline I read for an article I received today based on discussions from the BSA conference. I don’t know why I only received this today when the conference took place in April and I’m not sure how ‘on the pulse’ the delegates are at the ‘British Sociological Association’ when it comes to the wonderful world of finance and mortgage lending. The article didn’t exactly say who had made this claim but it did reference a Mr Robert Parker, head of strategic

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Date:30 April 2012 I Comments: 0 I Views:7,309

From the ashes of disaster grow the roses of success. The problem is the ground isn’t very fertile and nobody’s watering the bed. We’re in a recession again albeit more of an economy that is ‘bouncing along the bottom’ than a sharp drop and I don’t think the title ‘double dip’ is strictly accurate either. Too much time has passed since the last recession and it is barely a ‘dip’ this time around. It is plain to see however that the outlook is still pretty grim. National Australian Bank has announced the loss of jobs at Yorkshire and Clydesdale Banks between

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