Aug
16
How to go about reclaiming PPI
16-08-2010
We recently came across a site that handles ppi claims on behalf of people in the UK who have taken out a loan or a credit card throughout the last several years. PPI stands for payment protection insurance and is a kind of policy designed to protect the borrower if they are unable to continue work due to accident or illness.
The problem with this type of insurance was that it was routinely mis sold, meaning that anyone has been mis sold payment protection insurance can now claim back PPI premiums that they have paid into the policy. Read more…
Mortgage rates continue to drift down this week, continuing the trend of the past couple of weeks. Freddie Mac has conforming 30 year mortgage rates at 4.97 percent for the week ending February 11, 2010. The Mortgage Bankers Association has the average contract 30 year mortgage rate at 4.94 percent.