http://www.ukcreditreport4free.co.uk Just another WordPress weblog Tue, 14 Jul 2009 15:54:31 +0000 http://backend.userland.com/rss092 en MPs have said the government scheme to kick-start the UK mortgage market is not working. The Communities and Local Government (CLG) Committee said the £50bn asset-backed guarantee scheme (ABS) was "doomed to fail". Further steps must be taken to boost mortgage lending if the housing market is to recover, it added. The government ... Some banks in UK have begun screening customer transactions to clamp down on so-called "boiler room" fraud. It is estimated by the Financial Services Authority that up to 30,000 people a year are losing hundreds of millions of pounds to these share scams. It happens when criminals call potential investors attempting to ... The latest survey from the Nationwide building society UK house prices rose by 0.9% in June. It said this was the third rise in the past four months, and shrank the annual rate of decline to just 9.3%, from 11.3% in May. The increase in prices during the past month means the ... The Bank of England have released figures suggesting the property market continued to pick up during May, The number of mortgages approved for house buying rose to 43,414, up from the figure of 43,191 in the previous month. It was the fourth month in a row that approvals have risen, suggesting that ... The Office of Fair Trading (OFT) will still pursue bank overdraft charges as unfair, even if it loses the current legal appeal in the House of Lords. The announcement was made by Jonathan Crow QC, for the OFT, on the final day of an appeal before five Law Lords. Seven banks and ... Mortgage lenders are still demanding high deposits from buyers as the number of deals expands. More than two-thirds of the 1,485 mortgage deals on offer require the customer to put up a deposit of at least 25%, according to Moneyfacts. This crept up slightly to 68% of home loans on 6 April ... House prices are falling even faster than before in England and Wales, according to the Land Registry. Prices dropped another 2% in February, pushing the annual rate of decline from 15.1% to 16.5%. It means the average property is now worth £153,862, down by £30,361 in the last year, and back to ... A consumer group has voiced its concern about the fees and charges attached to a new breed of current account. Some banks use cash bonuses to entice customers to sign up, but overdraft charges can be as expensive as £5 a day. Which? said it believed banks were planning to end free ... A new way to help people on low-incomes clear their debts has been criticised by a leading creditor organisation. Debt Relief Orders are available to people who do not own a home, have less than £300 in assets and an income of no more than £50 a month. The government says the ... Support for a scheme for homeowners struggling to make mortgage repayments remains uncertain as a deadline for lenders to show their support has passed. 50% of building societies will not take part in the Homeowner Mortgage Support Scheme, according to the head of one building society. The government said it would soon ...