As houses continue to fall in value and the economy is ever closer to a recession the Monetary policy committee resisted the urge to cut rates, instead freezing them at 5% for another month.

House prices are falling at an alarming rate according to the UK's largest lender Halifax. The mortgage lender's latest property index has seen a 12.7% fall in the past year, the highest rate since records began in 1983.

Rumor has it that a recession is approaching. This would cause catastrophic issues for us all and have a negative effect on the economy. But how can we best cushion the blow if the unthinkable were to happen?

Mobile phones are constantly evolving, with new functionalities all with the ultimate goal set at incorporating as many gadgets as possible onto one device. But now using your phone to make payments has become possible and is planned to go live in the not too distant future based on an experiment recently carried out in London using Near Field Communications (NFC) technology in mobile phones.

1. Make sure you are working in the right area – have you checked

• Transport links
• Hospitals
• University
• Urban regeneration plans
• Etc

Wizard home loans have been a hot topic to Consumer groups after their controversial decision to increase interest rates on two of their popular credit cards hours after announcing they would cut home loan rates.

Gordon Brown announced new plans today to help house buyers in an attempt to boost the mortgages market. He plans to axe stamp duty for houses costing under £175k and introduce a new “free” loans scheme called called 'HomeBuy Direct' to first time buyers that earn under £60k.

As the UK car finance market is so competitive, several manufacturers are now offering finance and loan deals, with interest-free credit on selected models.

Britain's lenders are now dropping their rates, providing buyers with new signs that conditions are improving in the mortgage market.

Due to mounting competitor pressure MBNA announced today that it would increase its current 0% duration of its MBNA Platinum card from 13 months to 14.