| Explore Money : News and Information on financial products |
Welcome to Explore Money!
Explore Money is intended to be a place where you can access free information and news on a number of UK financial products, such are mortgages and loans.
Why reducing VAT is a bad idea
When Gordon Brown revealed that he planned to reduce the rate of UK VAT from 17.5% to 15% he thought he was a genius. Wrong Gordon. UK sells off its nuclear weapons The UK has sold its stake in the manufacture of its nuclear weapons to a US company Dig your way out of a hole Borrowing more to spend more is a bad idea, but Gordon Borwn doesnt think so. 9% fall in house prices during 2008 The owner of the Halifax building society, the UK's biggest mortgage lender, has forecast that UK house prices are set to fall by 9% this year. Companies threaten to leave UK In the last week a string of UK companies have threaten to relocate their headquarter operations to Ireland, unless the UK government ensures that they don't end up paying too much tax. Beware of Mortgage Brokers Free advice is worth exactly what you paid for it. That's something worth remembering. When using a mortgage broker ensure that you understand exactly who they are representing. Rough ride for Gordon Brown A the new British PM, things were never going to be easy for Gordon Brown. Northern Rock nationalised! THE British Government last night moved to defend its economic credentials after nationalising Northern Rock, the mortgage lender that fell victim to the credit crunch last year. AlphaSteel job cuts AlphaSteel which employs more than 400 people has gone into administrative receivership. The company was taken over in 2003 by an Iranian company. Skipton looses customer information The Skipton Building Society had admitted that it has lost information on over 14,000 customers. Buyers spend just 17 minutes making their mind up about your house UK homebuyers take less than 17 minutes making their mind up as to whether a property is for them. Thats less time then they spend picking out new curtains! FTSE 100 falls 4% Stock markets around the world have been in turmoil in recent days on fears that the crisis in the US housing market could undermine the global economy. Sub-prime mortgage trouble Over the last few days there has been growing trouble in the U.S subprime mortgage market. Sub prime markets are used to finance persons who have bad credit ratings, as such the mortages represent a substantial risk for lenders, which is usually offset by increased interest rates. Zimbabwe inflation out of control The central bank has just issues a $200,000 note in a vain attempt to bring hyper inflation under control. But before you plan your retirement its worth knowing the new note can just about buy 1kg (2.2lb) of sugar. British Airways fined £300 million British Airways has incurred record fines after being found guilty of price fixing. Orange Broadband voted worst in the UK Orange Broadband has been voted the worst broadband supplier in the UK. Qatar plans full scale takeover of Sainburys After our earlier story about the Royal family of Qatar increasing their holdings in Sainburys, it seems our speculation was right. The UK grocer could now be the target of a full scale takeover. UK shop sales higher than expected UK retail sales increased slightly more than analyst predications last month, giving a clear sign the consumer spending hasnt been affected by the rise in interest rates. Qatar royal family increases ownership of Sainburys Sainburys, one of the iconic British brands, has had 25% of itself snapped up by the royal family of Qatar, as they look to increase the money they derive from non oil sources. UK Interest rates hover at 5.5% The Bank of England has held UK interest rates at 5.5% following its latest meeting, but analysts say a rate rise later this year remains likely. UK Mortgage lending drops to lowest levels UK mortgage lending appears to have dropped, for the third month in a row. Investa bought by Morgan Stanley One of Austalia's largest property owners has agreed to be taken over by Morgan Stanley. London house price crash? For the last few years London house prices have risen to astronomical levels, now for the first time in 11 years prices have declined, does this spell the end of the property boom? Fixed Rate Mortages are great! Find out why Fixed Rate mortgages are the best for those looking to save money and also for stability. Are UK banks ripping customers off? As it becomes increasing apparent that a number of large UK banks have flouted consumer laws governing the charges they can impose, it has also become equally apparent that they will do anything to keep the money, sometimes even threating customers. London house prices out of control? As the housing boom continues in London, prices are now reaching unbelievable heights placing most houses and accomodation beyond the reach of normal workers. When Gordon Brown revealed that he planned to reduce the rate of UK VAT from 17.5% to 15% he thought he was a genius. Wrong Gordon. UK sells off its nuclear weapons The UK has sold its stake in the manufacture of its nuclear weapons to a US company Dig your way out of a hole Borrowing more to spend more is a bad idea, but Gordon Borwn doesnt think so. 9% fall in house prices during 2008 The owner of the Halifax building society, the UK's biggest mortgage lender, has forecast that UK house prices are set to fall by 9% this year. Companies threaten to leave UK In the last week a string of UK companies have threaten to relocate their headquarter operations to Ireland, unless the UK government ensures that they don't end up paying too much tax. Beware of Mortgage Brokers Free advice is worth exactly what you paid for it. That's something worth remembering. When using a mortgage broker ensure that you understand exactly who they are representing. Rough ride for Gordon Brown A the new British PM, things were never going to be easy for Gordon Brown. Northern Rock nationalised! THE British Government last night moved to defend its economic credentials after nationalising Northern Rock, the mortgage lender that fell victim to the credit crunch last year. AlphaSteel job cuts AlphaSteel which employs more than 400 people has gone into administrative receivership. The company was taken over in 2003 by an Iranian company. Skipton looses customer information The Skipton Building Society had admitted that it has lost information on over 14,000 customers. Buyers spend just 17 minutes making their mind up about your house UK homebuyers take less than 17 minutes making their mind up as to whether a property is for them. Thats less time then they spend picking out new curtains! FTSE 100 falls 4% Stock markets around the world have been in turmoil in recent days on fears that the crisis in the US housing market could undermine the global economy. Sub-prime mortgage trouble Over the last few days there has been growing trouble in the U.S subprime mortgage market. Sub prime markets are used to finance persons who have bad credit ratings, as such the mortages represent a substantial risk for lenders, which is usually offset by increased interest rates. Zimbabwe inflation out of control The central bank has just issues a $200,000 note in a vain attempt to bring hyper inflation under control. But before you plan your retirement its worth knowing the new note can just about buy 1kg (2.2lb) of sugar. British Airways fined £300 million British Airways has incurred record fines after being found guilty of price fixing. Orange Broadband voted worst in the UK Orange Broadband has been voted the worst broadband supplier in the UK. Qatar plans full scale takeover of Sainburys After our earlier story about the Royal family of Qatar increasing their holdings in Sainburys, it seems our speculation was right. The UK grocer could now be the target of a full scale takeover. UK shop sales higher than expected UK retail sales increased slightly more than analyst predications last month, giving a clear sign the consumer spending hasnt been affected by the rise in interest rates. Qatar royal family increases ownership of Sainburys Sainburys, one of the iconic British brands, has had 25% of itself snapped up by the royal family of Qatar, as they look to increase the money they derive from non oil sources. UK Interest rates hover at 5.5% The Bank of England has held UK interest rates at 5.5% following its latest meeting, but analysts say a rate rise later this year remains likely. UK Mortgage lending drops to lowest levels UK mortgage lending appears to have dropped, for the third month in a row. Investa bought by Morgan Stanley One of Austalia's largest property owners has agreed to be taken over by Morgan Stanley. London house price crash? For the last few years London house prices have risen to astronomical levels, now for the first time in 11 years prices have declined, does this spell the end of the property boom? Fixed Rate Mortages are great! Find out why Fixed Rate mortgages are the best for those looking to save money and also for stability. Are UK banks ripping customers off? As it becomes increasing apparent that a number of large UK banks have flouted consumer laws governing the charges they can impose, it has also become equally apparent that they will do anything to keep the money, sometimes even threating customers. London house prices out of control? As the housing boom continues in London, prices are now reaching unbelievable heights placing most houses and accomodation beyond the reach of normal workers. %> |