News Tag: help
March 18, 2010
The euro tumbled again today after Greek Prime Minister, George Papandreou, warned that Greece might have to seek help from the International Monetary Fund (IMF).
The currency fell to 1.3648 dollars, before recovering to 1.3692 dollars, however it was still down from 1.3735 dollars late in New York yesterday.
Today, Mr Papandreou told the EU parliament in Brussels: "This ...
Euro falls as Greece warns it could seek IMF help
by Kay Murchie
August 12, 2009
Barclaycard's claim to be lending a helping hand to customers in financial difficulties are little more than a sham to boost the company's coffers, a financial expert has claimed.
The credit card provider has launched a new advice line targeting customers who are close to their credit limit or who are failing to clear their debts each month.
Customers will be sent ...
Barclaycard ‘the only winner’ from helping-hand scheme
by David Masters
July 8, 2009
Homeowners struggling with mortgage repayments can be shy in talking about their difficulties, despite pleas from lenders and debt charities to seek help and advice early.
According to research from the Financial Services Consumer Panel (FSCP), 41% of those having difficulty paying their home loans struggle on unaided, even though seven out of eight borrowers in this group defined their problems ...
Homeowners reluctant to seek help over mortgages
by Gill Montia
March 5, 2009
Figures released today by the Society of Motor Manufacturers and Traders (SMMT) have revealed further bad news for the UK car industry.
According to the organisation, new registrations fell 21.9% in February, compared with the same month last year.
The industry has been hit badly as the economic downturn has meant that consumers have cut back on big ticket items, particularly ...
SMMT reports 22% fall in UK car sales
by Kay Murchie
January 5, 2009
The Government is improving the help available for homeowners facing mortgage arrears, and ultimately repossession, because they have lost their jobs.
Changes to Support for Mortgage Interest (SMI) were outlined last year and due to take effect from April 2009 but the worsening of the credit crisis and rising unemployment have prompted ministers to bring forward the new measures.
From today, the means-tested ...
New help for jobless homeowners
by Gill Montia
December 16, 2008
In its most recent attempt to revive the UK housing market, the Government has pledged an extra £100 million to help first-time buyers.
Housing Minister, Margaret Beckett, is increasing the budget of the HomeBuy Direct scheme (which was set up in September) from £300 million to £400 million.
To date, over 130 developers have signed up to the initiative, which is open to ...
Government supports first-time buyers with £100m
by Gill Montia
September 19, 2008
Global shares have received a boost this morning after reports of a proposal by the US Government to deal with the financial crisis.
Henry Paulson, US Treasury Secretary, and Ben Bernanke, chairman of the Federal Reserve, are investigating the possibility of setting up a repository for bad bank, according to a report by CNBC.
CNBC added that Mr Paulson is examining ...
US shares rise on reports of government help
by Kay Murchie
September 2, 2008
The Government is today unveiling a number of measures to help kick-start the UK housing market by offering relief to homeowners in financial difficulties and first-time buyers.
Households in England earning less than £60,000 per annum will be helped into home ownership with a loan of up to 30% of a property's value.
The loan will be offered free of charge for ...
Government offers “free” loans to first-time buyers
by Gill Montia
June 22, 2008
One year on from last summer’s devastating floods, the Department for Environment, Food and Rural Affairs (Defra) is proposing to assist homeowners and businesses to better protect their premises from the affects of flooding.
Defra is to commit £125,000 to setting up a website and phone line together with the Environment Agency.
The aim is to provide people with the guidance ...
Defra announce plans for flood relief assistance
by Kay Murchie
June 4, 2008
The Council of Mortgage Lenders (CML) has written to the Chancellor of the Exchequer, Alistair Darling, outlining the ways in which lenders are acting to minimise the financial problems of borrowers, particularly those coming off low-rate deals.
The Council expects the number of mortgage arrears cases and repossessions to remain low during 2008 and points out that all lenders ...
CML provides uniform response to borrowers in arrears
by Gill Montia
April 22, 2008
Chancellor of the Exchequer, Alistair Darling, is meeting with mortgage lenders later today in efforts to extract the maximum benefit for homeowners of the Bank of England's bold move to ease credit conditions with a £50 billion injection of cash.
Mr Darling's agenda will include help for borrowers whose fixed-rate mortgages are coming to an end and for households finding it difficult to meet ...
Chancellor challenges mortgage lenders
by Gill Montia
