Imprisonment without trial – the UK’s mortgage “affordability” scandal?

     There is a tribe of some 150thousand home owners who are held as ‘mortgage prisoners’ by their lenders’ eye-wateringly high interest rates – locked-into standard variable rate (SVR) of around 5% from a time when Bank Rate even went as low as 0.25%. [and with standard mortgage rates soaring way above the UK […]

Despite ‘BREXIT’ looming, the Bank of England is on the verge of increasing ‘Bank rate’ – screwing-up the British economy?

                Now the Bank of England (BoE) is the central bank of the United Kingdom, founded in 1694, and its mission is promoting the good of the people of Britain by maintaining monetary and financial stability, isn’t it? Yep, but it would appear to many of us that instead of diligently performing that […]

UK house-building FIASCO

George Osborne’s latest budget includes some changes on house buying schemes and pumps £mult-millions of taxpayers’ money into the market – what will be the effect of all this then? Well for a start the wealthy will see this as a god sent opportunity to increase their wealth! Offering government help to buy expensive property […]