‘Business’ Category

Preparing For Redundancy

Posted in Business, General on Wednesday, July 22nd, 2009 at 11:06 by Martyn Shaw.

With over two million people already out of work, and projections that more unemployment will take place before the recession levels off, many people are making plans to handle redundancy. Fortunately, careful planning can make what is often a difficult transition a little less of a major lifestyle change and more of an opportunity. Here are a few tips to keep in mind as you plan for the possibility of redundancy.

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Find Employment Through Online Job Searches

Posted in Business, General on Wednesday, July 22nd, 2009 at 10:59 by Jessica Haynes.

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With unemployment at record levels today, many people are seeking work to replace a position that was lost due to downsizing or because the employer went out of business. While word of mouth and other traditional methods are excellent ways to look for work, some people are overlooking a valuable tool that could lead to the perfect opportunity: online job searches.

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Take Care When Using Online Access to Bank and Shopping Accounts

Posted in Business, Credit Cards, General on Friday, July 17th, 2009 at 09:56 by Martyn Shaw.

Just about everyone today knows how to view bank balances online, make payments on credit cards, and to shop for bargains at online retail sites. The frequent use of the Internet for all these functions has also opened additional possibilities for hackers to seize control of those accounts and use personal data to defraud millions of innocent consumers. One of the easiest ways they accomplish this is something that consumers have ultimate control over: the user name and password.

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Recession is Weaker But Still Alive and Well

Posted in Business, Debt, General, Loans, Mortgages & Property on Wednesday, July 8th, 2009 at 10:17 by Martyn Shaw.

Recent calculations by the National Institute of Economic and Social Research have demonstrated that while economic conditions are improving over time, the recession is far from over. According to data release by the NIESR, a small decrease in GDP took place between April and June.

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Is The Time Right For A New Vehicle?

Posted in Business, General, Loans on Tuesday, July 7th, 2009 at 10:06 by Jessica Haynes.

News that the government’s “cash for bangers” initiative is beginning to gain some momentum. During June 2009, there was a noticeable increase in the number of new car sales over previous months, as consumers take advantage of the incentive to replace older vehicles with new ones.

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Local Businesses Continue to Stay Open Despite the Recession

Posted in Business, General on Wednesday, July 1st, 2009 at 09:46 by Jessica Haynes.

With large businesses and individual money woes capturing the lion’s share of attention during the recession, many people have overlooked the plight of the local businesses across the nation. That is, they tend to be overlooked until they are no longer open.

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Increase In the Stock Market the Best in Three Months

Posted in Business, General on Friday, May 1st, 2009 at 07:58 by Jessica Haynes.

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In spite of news that house prices fell slightly during April, investors had plenty to celebrate, thanks to gains in the stock market. Among some of the more robust winners logging an increase as April drew to a close were Barclays, Royal Bank of Scotland, and Lloyd’s.

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Do HIPS Really Help Anyone?

Posted in Banking, Business, General, Loans, Mortgages & Property on Tuesday, April 7th, 2009 at 10:28 by Jessica Haynes.

The concept of a home information pack or HIP is not anything new. The tool is usually available at some point during the sales cycle for any property placed on the open market. What has changed is that as of 6 April, the pack must now be completed and available before sales efforts get underway.

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Are HSBC and Abbey Setting the New Standard for Mortgage Financing?

Posted in Banking, Business, Debt, General, Loans, Mortgages & Property on Tuesday, April 7th, 2009 at 10:25 by Jessica Haynes.

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HSBC, easily one of the largest mortgage lenders in the United Kingdom recently announced a change in the LTV or loan-to-value maximum on new mortgages. Previously, the standard was 60%. With effect from 6 April, the maximum was increased to 75% on its tracker mortgage, also sporting a 2.95% interest rate.

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Will New Credit Ratings For Lenders Impact Borrowers?

Posted in Banking, Business, Debt, General, Loans on Monday, April 6th, 2009 at 11:19 by Martyn Shaw.

The announcement made on 5 April 2009 by Moody’s, one of the top credit rating agencies in the United Kingdom, that the agency is preparing to reconsider the ratings for the largest building societies and banks in the country has a lot of people wondering. Will this action have some sort of repercussions for borrowers who seek a new secured loan or bad credit loan with one of the re-rated institutions?

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