Solution Mortgages News

Solution Mortgages news on bad credit remortgages, poor credit remortgages and for people with arrears & ccj’s. Remortgage news with regards to the adverse credit market and people with sub prime credit.

Friday, June 20, 2008

Help for homeowners sruggling with their payments

The Financial Services Authority (FSA) has launched a website which aims to provide help and advice to homeowners who may be struggling with their finances.

The website is www.moneymadeclear.fsa.gov.uk/ and offers tips on how to manage your payments and how to avoid getting into arrears.

As consumers face an onslaught of rising fuel, energy and mortgage payments many more people may be having to juggle their finances or be slipping into arrears.

The Bank of England are also unable to alleviate the situation by reducing interest rates as inflation is rising.

The competitiveness of mortgage rates has worsened recently and anyone coming off their fixed rate my have a shock in store when they try an refinance.

The website tries to answer any questions consumers might have on these topics and is well worth a visit if you are concerned about your financial situation.

If you have any questions on this article, please feel free to contact Solution Mortgages on 0845 123 1260 or visit us online at www.solution-mortgages.co.uk