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  Price to Pay as Cost of Mortgage Loans Decreases

  Simon PR 3:32 pm on September 6, 2010 | 0 Permalink | Reply
  

  There has recently been a shift in the number of mortgages available which has seen a slight upturn in the UK market. According to a Moneyfacts report, as mortgage costs are steadily declining this has opened up potential avenues to a new wave of borrowers.

  This month’s data has already shown that the number of available home loans with a 20% deposit has increased whereby figures reveal home loan availability for those with a 40% deposit have fallen. However the report also declared mortgage availability for those people who can only provide a 10% deposit still remain at a minimum as the economy tightens it’s belt.

  In short the higher level of deposit you have the better chance it is to obtain a mortgage loan not to mention the instant access you will gain to more mortgage providers. Check out fixmymortgage, a great source of information enabling you to compare a wealth of some of the current best mortgage offers on the market.

  So what of the current mortgage shift? According to Darren Cook from Moneyfacts, ”When banks increase the level that they are willing to lend against the value of a property, this usually means that risk increases and rates go up. But we are seeing average mortgage rates continue with their slow decline and this could indicate that lenders are getting to grips with the threats of a new mortgage environment.”

  The Bank of England’s latest figures don’t bring particularly happy reading either as the number of mortgages granted for UK home buyers has barely changed in the most recent quarter up to July. Net mortgage lending has also only grown by £86m in the previous quarter showing the slow but increasingly sluggish growth rate.

   

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  At the Double: Payday Plus Doubles It's Conversions

  Simon PR 2:54 pm on September 2, 2010 | 0 Permalink | Reply
  

  Payday Plus is delighted to announce that we have doubled the number of people we lend to. This makes it even more beneficial as we accept any credit rating good or bad!

  Our vast portal of lenders provides you a wealth of opportunity to secure instant cash loans – even up to £1000 in an hour. Best of all our loan finding service is absolutely free to use with no extra costs to our customers. Our lending figures have doubled all the more in addition to a growing interest in payday loans in the UK. Just take a look at Google Trends findings here.

  This shows an increase year on year for all those individuals who are looking for or enquiring about a payday loan. Payday Plus is not only seeing the benefit of this extra interest in payday loans and traffic, but due to its ability to query various lenders in real time, its loan acceptance figures have also doubled.

  And what does the Guardian have to say for itself on the matter? http://www.guardian.co.uk/money/2010/aug/14/payday-loans-quadruple Well a recent article from a Consumer Focus report has shown that “payday loans figures have quadrupled to a staggering £1.2 billion which was borrowed last year alone.”

  As we have doubled our rate of people we lend to, the payday loan market doesnt look like it is slowing down for the forseeable future if these figures are to go by. And with Christmas bookings already being taken (in August!) in many restaurants you may need the instant cash for that yuletide gift sooner than you thought.

   
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  Preview of The New Payday Plus Website

  admin 1:37 pm on July 16, 2010 | 0 Permalink | Reply
  

  The Payday Plus website has been live for a few years now and has been working well and finding many people the cash they need every day.

  The new website design with robots and a fresh turquoise colour scheme bring the design up to date with what is actually happening behind the scenes. The robots suggest that the loan process is automatic and in most cases it is. Customers can now apply and immediately get their loan decision on the website – automatically. With changes and improvements in how banks process payments, loans can now be funded and available in customers bank accounts to spend in as little as 1 hour from the time of approval.

  

  New Payday Plus Website Design

   

  The new website is currently under testing and should be live before the end of July – watch this space!

   
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  Pension Release, Unlocking the Cash in Your Pension

  admin 2:37 pm on October 26, 2009 | 0 Permalink | Reply
  

  Given the UK’s current obsession with property and its rise and then sharp fall in value, it’s fairly safe to assume that most people are familiar with the term ‘Equity Release’ – or unlocking the money tied up in the value of your home. But what if you have no equity in your home, yet still need to release cash? The answer could lie in Pension Release.

  ‘Pension Release’ or ‘Pension Unlocking ‘is the term used to describe the taking of the benefits of a pension before the normal retirement age. This could be in the form of a tax-free lump sum, monthly income, or a combination of the two. Alternatively, you might want to take a cash-free lump sum and invest the balance to provide you with an income when you do come to retire.

  Generally, a maximum of 25% of the value of the pension can be released tax-free, although it is possible to take a larger proportion of cash, but this could be subject to tax.

  There are strict guidelines surrounding Pension Release. The Financial Services Authority advises caution with these schemes. Currently a UK pension holder can access a pension unlocking scheme at the age of 50, but this will change in April 2010 to a minimum age of 55.

  In addition to the age limit, you also have to have a UK personal or old company pension that you are not currently receiving benefits from. It’s possible, for example, that if you have worked for a number of companies over the years, then you might have more than one pension. Even if you have not paid into them for a number of years you could still release the cash early through pension release.

  It is worth pointing out that the whole purpose of making contributions to pension schemes is, naturally, to provide an income during retirement. It is therefore important to be aware that releasing your pension benefits early could reduce your income and your standard of living at retirement. This is why Pension Release is only suitable for a limited number of people and circumstances and shouldn’t be seen as an easy option to raise cash.

  Many people have tried to unlock the cash in their pensions by approaching their pension provider directly. Unsurprisingly many do not provide advice on pension release and will only supply a small number of options. To further confuse the issue there are complex clauses and legal jargon at every turn. For these very reasons it’s often better to contact a specialist pension release company. Reputable companies are regulated by the Financial Services Authority and will offer impartial advice in plain English. They will not advise you to release cash from your pension unless it is the most suitable option available to you.

  Pension release has helped thousands of people to release the cash from their pensions for many reasons. It is only suitable in special circumstances but for many it has provided a financial lifeline at a time when they needed it.

  Article provided by Braemar Pension Release (http://www.pension-release.com)

   
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  The Fastest Payday Loans Online!

  admin 9:48 am on September 7, 2009 | 0 Permalink | Reply
  

  With the introduction of CHAPS the Clearing House Automated Payment System to process payment of payday loans, Payday Plus now offers the option to be paid practically instantaneously or within 1 hour on the same working day as application.

  Find out more about our cash loans today and how you could get up to £750 advanced to your account on the same working day as you apply.

  A CHAPS transfer is set up by the sender to pay money into the recipient’s account where the funds need to be available  and cleared the same working day. Unlike cheques, the payment transfer is done in real-time, which is ideal for cash emergencies and payday lending. Additional costs may apply in some cases to process a CHAPS payment.

  Get your Same Day Loan Now

  UK Banks Offering CHAPS Payments

  Abbey
  ABN Amro Bank N.V
  Bank of England
  Bank of Scotland (HBOS)
  Barclays Bank Plc
  Citibank N.A
  Clydesdale Bank Plc
  Cls Bank International
  The Co-Operative Bank Plc
  Deutsche Bank A.G
  HSBC Bank Plc
  Lloyds TSB Bank Plc
  National Westminster Bank Plc
  The Royal Bank of Scotland Plc
  Standard Chartered Bank

   
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  Rebuild Your Credit with Sterling Prepaid Cards

  admin 5:19 pm on September 4, 2009 | 0 Permalink | Reply
  

  Sterling Card has recently added a new credit builder functionality to one of the UK’s leading prepaid cards. Creditbuilder reports to a credit bureau which will then record your successful payments and hopefully then improve your credit history providing you are not damaging your credit worthiness elsewhere.

  How it Works:

  You will first need a Sterling Prepaid Card - which boasts 100% acceptance rates, so it shouldn’t be too hard to get!
  Next you will need to apply to activate creditbuilder to loan you £71.40 to pay for one year’s use of your Sterling Card – the loan is only available for this purpose.
  To improve your rating, you must make sure you have at least £5.95 in your Sterling Card account each and every month for the duration of your loan.
  After 12 monthly payments, your loan will have been paid
  Details of your loan repayment history are then sent to the credit bureau.
  As long as you carry out the steps we’ve outlined to you, and manage any other credit or loan accounts responsibly, you should see your credit rating improve.

  Visit Sterling Card to learn More

   
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  Pension Advance - Get a Cash Advance on Your Pension

  admin 10:57 am on September 2, 2009 | 0 Permalink | Reply
  

  If you are over 50, then there is now a way to access the funds in your pension before you retire.
  A pension advance or pension release can give you a tax free advance on a percentage of your pension before you retire.
  Pension advances are not suitable for everyone but can be used for any purpose such as funding a new business venture, paying off debts or whatever you choose to do.

  Typical amounts released vary between £10,000 and £100,000 and take between 1 month and 2 for the application to be processed and paid out.

  Check out http://www.PensionAdvance.co.uk for more information.

   
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  Payday Plus Launches its Loans Blog

  admin 12:00 pm on September 1, 2009 | 0 Permalink | Reply
  

  Today, September 1st 2009 marks the launch of our Payday Plus blog.

  We hope to bring you the latest financial and loan news along with current deals, offers and websites which may also be of interest. Watch this space!