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Archive for July, 2007

Ethics equate to 3/4 of a billion in loan declines

Loans - Monday, July 16th, 2007

One of the UK’s largest business loan providers has today announced that its now 1 ½ decade old ethical lending policy has been responsible for the decline of nearly ¾ of a billion pounds worth of loans.
The Co-operative bank is one of the only lending institutions in the country, which will actively refuse loans to [...]

FTB’s struggle to cut the apron strings

Loans - Sunday, July 15th, 2007

Today’s first time buyers are less inclined to leave familiar territory when hunting for their first home, preferring to stay close to mum and dad or so suggests a new study.
According to a captive study, compiled by one of the UK’s leading home insurers, around ½ of all first time buyers will move a maximum [...]

Online loan firms must cohere to new rules

Loans - Saturday, July 14th, 2007

Loan brokers are no longer allowed to automatically bundle payment protection insurance into loan plans, specifically when the application is made online.
The UK’s financial watchdog (the FSA) has recently announced that brokers will be prevented from gearing their online marketing materials to presume that consumers will automatically require PPI. From now on, consumers will have [...]

Senior citizens cash in on home equity

Loans - Friday, July 13th, 2007

20 years ago, the word re-mortgage was one that was rarely uttered, especially amongst friends and family. There is no definitive reason as to why the act of re-mortgaging was considered so taboo, although the fact that equity margins were relatively thin back then, may have had something to do with it.
However, in today’s modern [...]

Affordable property is still available

Loans - Thursday, July 12th, 2007

A UK based mortgage lender may have finally given downhearted first time buyers something to smile about… if geographic location permits that is.
According to a recent property study by the Halifax, there are still certain parts of Britain, which can offer affordable housing opportunities to first time buyers.
Using market data specific to house prices and [...]

Avoid using loans to wholly fund the big day

Loans - Wednesday, July 11th, 2007

If one of your life long hopes is to eventually get married, but you haven’t considered the financial implications of the big day, it may be wise to start giving it some serious thought.
It is suggested that an average wedding in today’s modern society, is likely to fetch a price tag of somewhere within the region of [...]

Is the home upgrade cycle coming to an end?

Loans - Tuesday, July 10th, 2007

In almost 90% of all cases, a house will be the most valuable asset that the average person will possess in their lifetime. Buying a home is supposedly one of the biggest life motivators for any person, and the loan associated to purchasing a home is also one of the biggest (if not the biggest) [...]

 
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