After the monthly meeting of the Bank of England’s interest setting committee, it was announced yesterday that the base rate of interest would remain constant at the current level of 5.0%.
The news does not come as any great surprise as many experts have been predicting this decision. Keeping interest rates at 5.0% is a move [...]
There are very few people within the UK who are both comfortable and indeed willing to discuss the state of their personal finances with either friends or loved ones.
A recent survey conducted by insurance giant SPF has found that some 80% of their clients will go to great lengths in order to shroud their finances [...]
There has been much speculation in the media recently about the short term future of the housing market. Many observers have been predicting huge reductions in valuations of properties over the next twelve months and several comparisons have been made with the crash in the housing Market of the early nineties. This in itself has [...]
The Bank of England issued its six monthly financial stability review last week and stated as part of the report that we had reached the low point with regard to the recent credit crunch and that we should see things starting to improve in the near future. The report also stated that part of the [...]
The effects of the credit crunch are making themselves felt throughout the mortgage and loan markets with yet another reduction in the figures for the number of mortgages which have been approved during the month of March.
The latest figures, which have been released by the British Banker’s Association (BBA) show that new mortgage approvals have [...]
The Halifax Bank of Scotland group, Britain’s largest mortgage lender, has launched a rights issue last week in order to raise funds from its share holders to maintain liquidity and raise their capital base to help counter the effects of the credit crunch.
HBOS is looking to raise £4bn from its 2.1m share holders. It is [...]
As access to debt consolidation loans and other forms of mainstream credit continues to dry up throughout the course of the year, Bankruptcy and IVA cases are set to shoot up in numbers.
According to one expert, thousands upon thousands of British consumers may become vulnerable to the grasp of Bankruptcy, as record numbers of loans [...]
