Finance
Welcome to the Finance section.
The Financial markets have changed dramatically in the last six months catching people unawares.There are few mortgages available and many thousands of people in arrears or facing repossession. Join our free property forum to have your say!!!
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Top Finance Forum Topic
The Nationwide are the latest lender who have stated that they would not pass on any further base rate cuts should they be reduced in January.This is not in the case with standard variable rates but with a tracker mortgage.It appears that some lenders have in small print that they only have to drop them to a floor point and then no more.I wonder how many people were told this when they took out a tracker in good faith?
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Today's Finance Fascinating Fact
Some 45,000 homeowners were repossessed in 2008 with figures expected to rise to some 75,000 in 2009. It is also thought that as many as 500,000 people will fall into arrears of three months or more. Read more
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