Two million Muslims in the UK face an ethical dilemma if they want a mortgage or a loan. Conventional mortgages and loans all require the payment of interest and ‘riba’ as interest is called under Islamic law, is forbidden by the Koran.
British financial institutions are increasingly catering for Muslims’ specialist needs through a number […]

Going on holiday or business to Spain, France or Italy this year? Then watch out for a new ploy to overcharge your credit or debt card.
Many restaurateurs and retailers in these countries now have the facility to get you to authorise your bill in euros but then they recharge your card in sterling. […]

The three major consumer credit bureaus in the U.S. have recently created a new credit scoring system that will give financial institutions a more consistent evaluation of the credit worthiness of applicants.
The three agencies — Equifax, Experian and Transunion — have introduced the new system called ‘VantageScore’. The new scoring system will be used […]

The companies that loan people money then add on sky high interest rates might claim to be doing people a favour by offering them the chance to have instant cash.
Instead, they are crippling the poor with debt. So says the Competition Commission which will quickly and clearly point out that what these outfits are […]

Mortgage broker. Mortgage lender. Bank loan officer. They’re all the same. Their job is to sell you mortgages. Period

The economy needs a bit of stimulation and the feds are lowering down home mortgage rates to get it up and running again. Borrowing money with lowered home mortgage rates has never been this easy or this cheap. So, why not take advantage of this lowered home mortgage rate and get a chance to refinance […]

Almost one pensioner in four does not have enough money to fund their retirement, research from Prudential reveals, and one property-owning pensioner in five thinks they will have to downsize to make up the difference.
Along with those forced to sell their homes, one pensioner in six would consider taking in a lodger.
But now, […]

There are several factors that affect your mortgage rate. One major factor of mortgage rate movement is inflation. Inflation means a growing economy and increasing prices of goods and services. A growing economy means a stronger demand for goods and services, allowing producers to increase their prices. This therefore results in higher real-estate prices, higher […]

When you’re looking for a loan, one of the first issues you’ll need to decide is whether it should be secured or unsecured. The decision is seldom straightforward so here are a few pointers.
Before we start, it’s important for you to understand the difference between the two sorts of loan.
With secured loans, you […]

Finding the right mortgage is a complex process that involves a lot of factors. The first step you take when you plan to make an important mortgage decision is finding the right mortgage lender. Below is a list of mortgage lenders and brokers in the United States. Here, you will also find information about the […]