19th June 2011
Regulation in the United Kingdom
The regulation of the UK financial services, in broad terms is broken up into a five tear process. We will look at each tear now in more detail
• First level – this will consist of European legislat...
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19th June 2011
The role of the Bank of England
The bank was founded by a group of very wealthy London Merchants in 1964, and later is was granted a Royal Charter by our very own William the third. The bank of England has developed a unique relationship...
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02nd June 2011
Right to Buy your council house in the UK
The basic rules for the right to buy are as follows
• You can buy your home from the local authority If you have been a local authority tenant (present and previous addresses can be included) for a minimum of 2 ...
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02nd June 2011
Implications to a borrower of having a Fixed Rate Mortgage
Introduction
If a borrower decides that they would like to fix the mortgage rates, in lay mans terms this means that there mortgage rate will be fixed for a specific period of time, and whilst t...
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02nd June 2011
The best of both worlds Track and Fix your Mortgage
This is a new incentive that is designed to stimulate the remortgage market. What it basically does is to allow the borrower to track the lenders standard variable rate for a pre-specified term and if t...
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25th May 2011
The UK Data Protection ACT1998 implications for the general population
The 1998 Act now replaces The Data Protection Act 1984 and the Access to Personal Files Act 1987. At the same time it aimed to implement the European Data Protection Directive. In so...
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19th May 2011
Using a mortgage broker
Introduction
An independent mortgage broker is an independent professional or company that does not work for any particular bank or lender. They are in a position that they can get the consumer access to the whole of the market...
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