The credit crunch of a few years ago had a profound effect on the economic conditions within the UK, particularly within the banking sector and, as a result of this, the finance sector of the economy, especially when it came to home owner loans and mortgages.
This left many borrowers in a position where they were [...]
Anyone who has applied for any kind of loan in recent months, may have become particularly frustrated about the lengthy time the loan application took and how many in depth questions the lender was asking about their personal financial position, as well as wanting documentary evidence to support the loan application.
One of the main reasons [...]
Since the onset of the credit crunch, more than two years ago now, the economy of the UK has been in a state of turmoil, with the banking crisis causing banks to fail and end up being either bought out by their competitors, or being rescued with the aid of a government loan to help [...]
Over the course of the past couple of years or so, the home owner loan and mortgage markets have suffered one of the worst periods in the history of loans, with several lenders closing down to new business altogether and those remaining tightening their lending criteria and reducing loan to value levels drastically, whilst struggling [...]
There are many kinds of mortgage deal available to borrowers in the UK today, from the traditional standard variable rate loan, to flexible and offset mortgages, tracker deals, capped and collared rates and of course discounted and fixed rates. In recent years there has been an increasing popularity in the latter deals, namely discounted and [...]
We seem to be a nation of homeowners here in the UK today, with a higher percentage of us owning our property than most of our European counterparts, whether it is owned outright or subject to a mortgage or other secured loan. House prices have grown dramatically over the past few years and although this [...]
