MBNA will charge you for having money

You may think its a good thing to pay your credit card bill, but apperently not so with MBNA:

The MBNA bank has warned customers that they face a £10 fine if they leave
a positive balance on their credit card.
Some cardholders were sent a
letter at the end of January telling them that
they risk facing what the
firm calls a "credit balance service fee". full story: [http://news.bbc.co.uk/1/hi/programmes/working_lunch/6376405.stm
]

So now it costs to have money too?

I wonder why it should bother mbna that someone has money on their credit card, it shows that the customer is carefull...

if anything, MBNA should just invest that money and make a tidy profit of it..

Mortgages becoming more and more impossible

according to the Department for Communities & Local Government 'the average house price in the UK has now passed £200,000,'

What's worse is that prices are expected to increase even further in the coming months.
What then for new buyers trying to get a first mortgage?
perhaps the best option is to wait for the housing market to crash, analysts predict that it will soon!
The government also started several schemes to help young people onto the property ladder.

either that or we'll all have to opt for that IVA Mortgage

things really do change quickly, back in 2001 you could've got a £80,000 mortgage for a two bedroom house, today that same house will cost you £200,000.