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Mark Aucamp

Contributing author Mark Aucamp has been providing Talk Money Blog with regular Money Saving Expert advice and comments. Mark has extensive experience in providing Debt Management, Quick Mortgage Advice and solutions. He is recognised as an authority in the field of debt management and mortgage advice. Find out how to clear your credit card debts legally!
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Mortgage resuscitation required urgently The UK housing market will not recover until the mortgage market is fixed and expert advice at the Bank of England says, print more money in the hope of saving our economy from a long and drawn out recession is the answer
Now more than ever it pays to be savvy when it comes to getting the credit you need to run your life Luckily, you don’t have to be an expert to stay on the money
The situation as I see it Money seems to be in short supply; interest rates offered by banks for saving money remains diabolical; unemployment is expected to increase by quarter of a million as students leave university and college and members of Parliament from all sides of the political spectrum have exploited their expenses for years
According to Credit Action almost sixty-six percent of Britons had seen their finances stretched by the current recession It seems that 31% of households are now so worried about the state of their finances that they are considering missing essential repayments on credit cards, loans and mortgages
The United Kingdom personal debt today stands at £1,458 billion and the government intend to increase their debt to £175 billion this year and similar figures for the next three years The latest figures available from Credit Action this month suggests that the average household debt is £59,765 including mortgages, £1
During the 1993 housing recession it was estimated that one and a half million homeowners had negative equity The Council of Mortgage Lenders has announced that approximately 900,000 homeowners currently have some degree of negative equity
The news so far is that some Estate Agents have indicated that the property market looks to be stabilising The average value of a UK home has fallen by 17
If you believe everything in the news these days, it’s almost impossible to get a good deal on credit Luckily, that’s just not true
Billions of pounds have been thrown at our banking industry to save it by the British government, unemployment has risen above two million, saving and mortgage interest rates are at their lowest level ever, house prices are still tumbling down, inflation is high on food costs at 113% over the year, imported goods and raw materials from abroad have risen sharply, exports have declined, energy costs are still rocketing, housing cost are down by 9
According to a recently published article by the Financial Services Authority (FSA) on the latest mortgage lending statistic they reported a sharp surge in mortgage arrears With borrowers continuing to struggle to clear their mortgage arrears, the numbers of arrears have been progressively increasing since the beginning of 2007

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