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Finance News

December - A Base Rate Cut to 5.5% should help many people in hte run up to Christmas. Those with Base Rate Trackers should see an immediate change in their mortgages.

November - An Experian report indicates that house prices could drop over half the country over the next 18 months. Difficulties in gaining a mortgage offer and potential hice price drops are putting people off buying.

October - Britain faces it's first recession for 16 years, warn experts. Buy-To-let investors and first time buyers are particularly exposed to the growing economic problems.

October - In the wake of the Northern Rock crisis the Government has promised savers it will protect the first £35,000 of their savings, with further changes next year potentially protecting up to £100,000.

October - House prices fell by 0.6% in September, following the Northern Rock crisis and the recent interest rate rises.

Debt Advisors

Debt Advisors may be able to help you if you have debts that you cannot afford to repay, or are struggling to repay.

If you have debts from loans, credit cards, store cards or other sources and are finding keeping up with the repayments hard, then it might be time to seek the help of a Debt Advisor.

How they work will vary. Some will simply offer you a debt consolidation loan - in which you pool together all of your current debts into one loan. The advantage of this loan is the lower monthly payments, but this will almost certainly mean that you are repaying the loan for much longer. In the long term, you are paying back a lot more.

The other Debt Advisor service is to negotiate with the people who have lent you money to arrange monthly payments that you can afford. This might mean paying less in the long term - but check carefully what is being arranged.

Look carefully at what is arranged and check the total future repayments carefully. Don't be fooled by offers of lower monthly payments until you have checked the total cost.