http://www.bestloans.co.uk/loans-articles Original news and information from the world of personal finance. We also provide useful hints, tips and comprehensive loan guides. Fri, 09 May 2008 13:52:36 +0000 http://backend.userland.com/rss092 en 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 ... http://www.bestloans.co.uk/loans-articles/bank-of-england-rate-to-remain-at-5.html 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 ... http://www.bestloans.co.uk/loans-articles/housing-market-still-looking-good.html 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 ... http://www.bestloans.co.uk/loans-articles/the-credit-crunchis-the-worst-over.html 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, ... http://www.bestloans.co.uk/loans-articles/loan-draught-will-fuel-bankruptcy-in-2008.html The overall available funding in which banks and other lending institutions draw their loan and mortgage products from, has become so limited that borrowers are essentially competing against each other to obtain the finance that they require. According to a reputable financial site, UK loan lenders have now started to look ... http://www.bestloans.co.uk/loans-articles/loan-lenders-look-beyond-the-average.html Home sellers around the country are facing one of the toughest times on record in the hunt to find a prospective buyer. A popular online home acquisition firm has revealed that some 50% of active home sales are collapsing at the final stages of completion. The firm speculates numerous reasons as ... http://www.bestloans.co.uk/loans-articles/home-sellers-losing-out-to-market-scepticism.html British families, who are struggling to balance their credit commitments, have been advised to seek help through registered credit charities as a more practical alternative to debt consolidation loans. According to the UK’s leading credit charity association (Abcul), credit charities and debt advice outlets are becoming an increasingly important refuge for ... http://www.bestloans.co.uk/loans-articles/charities-push-for-more-power-to-help-loan-debtors.html Home repossession levels in the UK are expected to soar throughout 2008 according to a newly issued report. A leading economic trends institution has suggested that “property claw back” levels are likely to peak at 25% above 2007’s threshold. Worryingly, this could mean that more than 30,000 homeowners within the UK ... http://www.bestloans.co.uk/loans-articles/property-claw-backs-rife-amongst-home-loan-payers.html Surprisingly large numbers of British parents are using loans provided by their adult children to meet their credit commitments and keep their heads above financial water. According to a new report, more than ten billion pounds has gone back and forth between parents and their children over the last 6 years, ... http://www.bestloans.co.uk/loans-articles/sibling-loans-worth-billions.html The decision to reduce the base rate of interest to its current level of 5% was not one that was reached as unanimously as have resulted from previous MPC meetings. Information drawn from a summary of Aprils gathering of economic heads has revealed that 60% of the voting committee urged that ... http://www.bestloans.co.uk/loans-articles/april-rate-reduction-was-not-unanimous.html