Blog: The house price crash-ometer row - Published:15/12/07
I was more than a little surprised this week to receive a letter from the corpse that represents nearly every British mortgage lenderThe industry has issued a grim caution on mortgage lending What does it denote for you Editor's commentThe Council of Mortgage Lenders, I guess upset by the delicate state of house prices following several existence of bullish and sometimes reckless lending by some, wrote of its concerns about our house cost calculator and its wish that we remove it from the siteWe at This is Money pride ourselves in producing what we think is a fair and informative site Our news and skin are backed up with tools and calculators to either assist our readers make the right cash choices or merely just for funAs I mentioned in our newsletter two weeks ago, we have a whole sequence of new house price calculators pending out Here are two we free this weekAnyway, it's the view of the readers that's most important, so I consideration you should make the call and have your say on our calculators So see below for the email from the CML and my responseYour home price calculator does not include factors such as local differences in prices, there is a huge difference in a known region The FT HPI calculates by postcodeYes, markets do go up and down, but they are significantly affected by feeling and that in turn is influenced by press and other media comment The house market has in information been one of the most stable markets in new years and many populace have invested life savings in their homesI fully agree There is a whole manufacturing making money on house price rises (Banks, TV (property programs and commercials), land agents, investors, Debt management companies, the government (stamp responsibility just to name a few Anyone who thinks they will make a decent assessment without being selfish, well think againKeep it up The falsified so-called "statistics of the a variety of bodies with vested wellbeing in bolstering house prices have done enough harm to our civilization Do not let them persuade you to hide or take away indicators and tools that may help reduce the upcoming bloodletting that is predictable after their irresponsible escalation of house pricesIt is ever thus, up and down, boom and bust Last time, the late 80's and near the beginning 90's there were 50% plus falls in worth and that's what is due againland agents, real estate "pundits", journalists and the related industries always make their pile then be seated back sharing none of the blame and suffering as markets re-adjust to good sense I really put on't know why we let them get away with itSelect a loan term 12 months (1 day 24 months (2 existence 36 months (3 existence 48 months (4 existence 60 months (5 existence 72 months (6 existence 84 months (7 existence 96 months (8 existence 108 months (9 years) 120 months (10 years)Please select a type of cover Life insurance Home and contents automobile Breakdown services Health - medical Health - dental Travel favorite - dog favorite -.
Read More:
Blog: The House Price Crash-Ometer Row >>
brits can't keep rein on summer spending - Published:31/10/06
Brits are not in manage of their summer spending, according to figures from Chiltern Debt Management which will give consumers much cause for concernMore than one in three UK people is live with fire when taking a break from work, the firm said, with some 238 per cent of us admitting to not keeping path of what we spend once we've jetted off on our holsThe firm's Jackie Newton commented: "There are sure times of the year when people are more at risk of getting into money owing and the summer vacation is one of them Our research shows some people are just not managing their finances sensibly""People require to budget and not push themselves to the limit so they can manage the ups and downs of life As the summer holidays are nearly on us persons should be wary of that and make sure their spending now isn't leaving to store up trouble for the prospect"The survey showed that 14 per cent of us pay for our holidays by credit cards or loans, while 41 per cent steal their savings accountsconditions of use Advertising Resources Product guides push releases About us Contact.
Read More:
Brits Can't Keep Rein On Summer Spending >>
Teachers lack confidence in teaching finance - Published:28/10/06
Financial education in minor schools is being held back by teachers' lack of specialist information of the field says a survey by the monetary Services Authority (FSA)While many said that they believed that schools should assist pupils to gain a basic sympathetic of personal finance, few teachers were confident of their ability to do soThe main barrier to pupils' monetary education is the overstretched secondary school set of courses however, providing little time to fit a financial teaching in the school week"If monetary education does not become widespread there are serious consequences for young people," said FSA leader executive John Tiner"The experiences of their elders have already shown us that those who move violently to manage their finances will be less effective at work, their relationships will suffer, and debt may twisting out of manage"While 91 per cent of secondary pupils and 48 per cent of primary train pupils receive some finance education many receive just one or two lessons per word on the topicMost teachers rated education on most excellent rate interest and debt management as important but just a third of primary and a district of secondary teachers said they were confident of action soMoneyExpert Limited is authorised and regulated by the Financial Services power (FSA Registration No 301654) The Financial Services Authority does not control some forms of mortgage contract, credit.
Read More:
Teachers Lack Confidence In Teaching Finance >>
