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Archive for May, 2007

Parent loans to the rescue for FTB’s

Loans - Thursday, May 31st, 2007

For first time buyers, getting a foot on the first rung of the property ladder isn’t an easy task. House prices are sky high, and very few younger people have the necessary savings required to obtain a reasonably priced home loan. So what’s the solution? The answer…good old mum and dad.
According to a new report [...]

Beware of added extras when hunting for a loan

Loans - Wednesday, May 30th, 2007

Consumers are advised to be vigilant when shopping for personal loans, in order to avoid paying for “unwanted” insurance products.
Recent information drawn from a comprehensive study, conducted by a best buy website, has discovered that an alarming amount of personal loan providers are tagging PPI to loan plans without direct consent from the customer. Two [...]

Approved home loans “level out” for April

Loans - Tuesday, May 29th, 2007

According to a new report released by the BBA today, the number of new home loans approved in April remained relatively stagnant compared to previous months. It is suggested that the curb is further evidence of an overall slowdown in the market, due to increased interest rates.
The total number of newly approved home loans for [...]

Loan fuelled lifestyles are a dangerous trend

Loans - Monday, May 28th, 2007

“A nation in debt” is a commonly used statement to describe Britain’s current financial situation. But why are we all in debt? Are we buckling under the weight of increasing interest rates?, are mortgage payments to high? Or are we trying to inadvertently accumulate wealth? Well according to a recent report, surprisingly, none of the [...]

Consumers voice fears towards economic conditions

Loans - Sunday, May 27th, 2007

The ever-changing state of the UK’s economy is starting to become a major worry for a percentage of consumers.
According to the findings of a focused study among British residents, almost 50% of people are having serious concerns about the current financial climate in Britain, as fears of yet another rise in interest rates looms on [...]

Loans breath new life into homes

Loans - Saturday, May 26th, 2007

Millions of disgruntled homeowners are using secured loans to breath aesthetical new life into their homes, a new report suggests.
One of the UK’s premier insurers has discovered that UK homeowners have spent a whopping £85 Billion remodelling their homes in the last few years. The data is additional to other recent reports relating to home improvements [...]

Sub prime lender confirms takeover bid

Loans - Friday, May 25th, 2007

The sub prime home loans market has become fiercely competitive over recent years; as a result the company, which started it all is looking to sell after a string of profit warnings.
The Kensington Group has seen its share value drop by more than 60% from a high of £12 (one year ago), to £5.60 after [...]

 
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