Your Money Marketplace

New Prime Minister David Cameron

Posted on 12. May, 2010 by emilythomas.

Yesterday Conservative party leader David Cameron accepted the Queen’s invitation to become prime minister and create a “new coalition Government.” Just an hour ealier, Labour party leader Gordon Brown officially announced his immediate resignation as prime minister and party leader.
Watch as David Cameron is confirmed as Prime Minister: David Cameron enters No 10 as prime minister
Now what does [...]

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Mortgage Company Fined £2.3 Million

Posted on 13. Apr, 2010 by emilythomas.

 According to the Telegraph, struggling home owners saw justice after the Kensington Mortgage Company agreed to pay £2.291m for unfair treatment of customers in arrears. The Financial Services Authority fined the mortgage lender £1.225m, and ordered an estimated £1.066m to be paid in compensation.
The FSA cited that Kensington Mortgages imposed high charges on its customers [...]

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New Mortgage Plans – From the Post Office?

Posted on 31. Mar, 2010 by emilythomas.

Yes, the Post Office will begin offering mortgages and other financial services from its network of 11,500 branches within the next year. The mortgages will be aimed at first-time buyers that require a 10% deposit. The other services include children’s accounts and an account that allows those on low incomes to manage their household bills.
Visit the [...]

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Why a Mortgage Company Wants You to Pay Down Your Mortgage

Posted on 17. Mar, 2010 by emilythomas.

I came across this insightful article published by The Source  of The Wall Street Journal. It talks about how the giant UK mortgage lender Lloyds TSB is trying to get its customers to pay down their mortgages now by advertising “Now’s a great time to reduce how much you owe on your mortgage” because of low [...]

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Who’s Better at Managing Finances: Women or Men?

Posted on 16. Mar, 2010 by emilythomas.

DRUMROLL PLEASE…….
According to Moneyextra.com, women are better! Founder of Moneymagpie.com Jasmine Birtles said “female professionals tend to be better at controlling income and expenditure as they are used to managing the family home.” Her comments were in response to research conducted by lovemoney.com which found women to be better at keeping up with their [...]

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Cards for Kids?

Posted on 11. Mar, 2010 by emilythomas.

Should teenagers be using credit cards? This seems to be a hot topic in the UK, and other developed countries like the U.S. and France.
A poll conducted by guardian.co.uk shows that when asked “Should teenagers use plastic” about 64% of Brits said “No! It’s a slippery slope to debt” whilst nearly 36% said “Yes, it’s just [...]

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Talking to Kids About Money

Posted on 05. Mar, 2010 by emilythomas.

I came across this brilliant BBC article, ‘I would pay £3,000 for a big house’ that reveals children’s attitudes toward money. BBC  staff talked to a group of six students, all aged nine, from Cedarwood Primary School at Kesgrave, near Ipswich, about money matters. They were: Grace, Caitlyn, Keyara, Edward, Verity, and Ben.
I was surprised [...]

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Payday Loans – Forget the Bad Press

Posted on 05. Mar, 2010 by reecegriffiths.

There has been some negative press about payday loans in the past.  This is a fact.  However, payday loans have helped many people during their time of need.  The reason you will not hear about the good times relies on the stigma that comes with having to apply for one.
There isn’t anyone in the world [...]

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UK Credit Card Reform to Follow US CARD Act?

Posted on 22. Feb, 2010 by emilythomas.

Starting today, American credit card companies must comply with many provisions of the CARD Act (Credit Card Accountability, Responsibility and Disclosure Act). Some provisions of the CARD Act were enacted 6 months ago and some were today.
CARD Act Key Points:

Card issuers generally must give card holders 45-day notice of significant changes to the terms of their [...]

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Be on BBC’s Money

Posted on 22. Feb, 2010 by emilythomas.

BBC Two is developing an exciting new series Money, which is about attitudes to money and wants to speak to you. You must be 18 years of age and over to apply to participate in the series. Here’s how you apply – opportunity ends on 5 May 2010:
Phone: 020 7557 2364
Email: moneyresearch@bbc.co.uk
For more information from [...]

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