One of the UK’s leading building societies has today announced that home loan lending is up by a staggering 93%, equating to a total net lend just shy of £11 billion.
However, reports suggest that in light of numerous interest rate rises over the last 6 months, housing market growth is likely to “slow” by Q3 [...]
Traditionally, the amount you pay back on your loan has always been determined by the current rate of interest i.e. as base rates increase, so does the overall cost of your loan. However according to recent research, the overall cost of loans has actually decreased, even though interest rates are at an all time high?
Accordingly, [...]
Results from a new survey conducted by a leading financial institution, urges consumers not to be hasty when buying life and home insurance.
According to the new data, British consumers collectively waste over £40 million pounds per year on home and life insurance by purchasing policies through their home loan providers, rather than shopping around.
Almost 50% of [...]
First time buyers are having a really tough time at the moment. If the average UK house price being £220,000 pounds wasn’t bad enough, banks are now charging monumental fees if they cant raise the £22,000 pounds (average) required for a deposit.
As first time buyers don’t have the luxury of equity from the sale of [...]
New data released by a popular price comparison site suggests around 1 million people have been refused a loan, since late 2006.
The rise is said to be partially due to a huge increase in the number of people applying for loans online. Accordingly, the reason for high online rejections is said to stem from a [...]
Store credit cards can be a very convenient way for regular shoppers to purchase goods from a specific store or chain, however they can also be extremely expensive. In a surprise move, new legislation will force large store chains that issue cards, to include a wealth warning advising potential borrowers that they could source credit [...]
The number of people applying for a loan, with the intention of purchasing a second hand car is set to top the 1 million mark in the next 5 months. However, new data indicates that a large proportion of people could pay over the odds through lack of negotiation.
Statistically over 11 million people purchase either [...]
