Mortgage Rates: Bank of England predicts further fall in rates

Cash ISA interest rates plummet to new low_istockThe Bank of England (BoE) has revealed, that banks and building societies expect mortgage rates to fall even further within the next few months. In the recent credit conditions survey conducted by the Bank, it was revealed that borrowing rates for homeowners have fallen in the first quarter of 2013; the third consecutive quarter rates have dropped....

Warning for payday loan companies

The payday loan industry faces fines and closures if it does not improve the way it does business. An interim report by the Office of Fair Trading (OFT) says that many payday lenders are not operating by the rules particularly when it comes to lending policy and the collection of debts. The full report will be published in February when the OFT has completed its’ investigations, however the interim report, published yesterday, has fuelled concerns about the practices of some payday lenders. Payday lender concerns The interim report comes after the OFT visited the 50 largest payday loan lenders, but it will be expecting ...

Pensions: 6 pension myths exposed

You don't have to look far to find some pretty negative comments about pensions. Any article in the mainstream press discussing pensions is usually followed by some very negative and often ill-informed comment about pensions; these are just a few we have found: “Pension plans should come with a warning that contributors will probably not get back the money they invest because the rules are devised to benefit the pensions industry at the expense of pensioners” – Telegraph online 14th October 2012 “This is precisely why no one and I mean no one should invest in any form of pension. All pension ...

8 tips for managing your business’s cashflow

8 tips for managing your business's cashflowMany of our clients and visitors to our website are company directors or self employed running businesses both large and small. One of the key challenges faced by many small businesses is managing cashflow, we’ve therefore asked the highly experienced Serena Humphrey of Transformational Financial Management, for her top tips for better cashflow management. Serena writes: The reasons that a business fails are varied, but ultimately there is just one reason, it runs out of CASH. With credit continuing ...