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Archive for April, 2007

Serious debt no longer exclusive to youth

Loans - Monday, April 9th, 2007

Pensioners in the UK are prone to serious debt new research reveals.
According to recent studies 1 in 5 of 60+ year olds, still have outstanding debt tied to their mortgages. The studies show that as people get older they tend to find that their level of debt increases. The average person nearing retirement is said [...]

Crash possibility is very real

Loans - Sunday, April 8th, 2007

The housing market is on the verge of a crash according to analysts. The 12-year boom is almost certainly coming to an end, but experts fear a severe correction is inevitable.
If a crash were to take place it could wipe over 400 billion of the value of Britain’s housing market. It would also have devastating [...]

Understanding bridging loans

Loans - Saturday, April 7th, 2007

Recent studies suggest that more people are opting for bridging loans as a means to fund home purchases. Bridging loans offer consumers a quick way to “bridge” the financial gap between the sale of one home to funding the purchase of the next.
A bridging loan should only ever be considered as a last alternative. Rates [...]

Cards vs cash for Brits abroad

Loans - Friday, April 6th, 2007

If you’re thinking of using a credit card as your main form of currency when going abroad this year, maybe you should think again.
Recent research reveals that Brits abroad will be paying a staggering 360 million in fees when using cards abroad. There are a number of ways in which these fees are charged, the [...]

Lofts for value

Loans - Thursday, April 5th, 2007

If you’re looking to increase the value of your home, maybe you should consider a loft conversion.
A loft conversion is a fantastic way to raise your homes profile. The cost of undertaking such a project varies depending on your geographical location but on average the cost to the consumer is around £25000.
This type of investment [...]

Subprime home loans market should take heed of US fiasco

Loans - Wednesday, April 4th, 2007

Contrary to previous reports, it has recently been announced that the sub prime home loans market in the UK could be heading in a similar direction to that in the US.
The housing market in the UK is finally showing signs of declination. The US has recently experienced a collapse in the sub prime market due [...]

Are you making the most of your credit card

Loans - Tuesday, April 3rd, 2007

Consumers in the UK are not taking full advantage of “perks” and “reward schemes” available through their credit cards.
According to new research over 50% of credit card holders are not aware of reward schemes available on their cards or are just not interested in using them. Benefits such as cash back and reward points are [...]

 
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