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Archive for December, 2007

Home loan optimism as BOE reduces interest rates

Loans - Friday, December 7th, 2007

Christmas could well have come early for many British homeowners today, as the BOE confirmed its decision to cut the national rate of interest to 5.5%.
Analysts suggest that the decision to reduce interest rates, will finally allow homeowners a little more room to breathe with regards to managing their home loan commitments, as many have [...]

Avoid January Loans through effective Christmas budgeting

Loans - Thursday, December 6th, 2007

More than 30% of Brits, who become indebted as a result of excessive spending at Christmas, could avoid potential financial hardships through the introduction of a thorough and precise budgetary plan of action.
New data drawn from a recently conducted survey has revealed that almost 60% of Christmas shoppers overspend at the holiday season, by more [...]

Bad Credit Loans are Go…for 2008

Bad Credit Loans - Thursday, December 6th, 2007

There could be a certain degree of hope on the horizon for individuals struggling to obtain bad credit loans in today’s financial climate, suggests an industry analyst.
According to a recently released statement by one of the UK’s leading credit management charities, many personal loan and mortgage providers within the UK may start to loosen the [...]

Bad credit home loans could spur record repossessions

Loans - Wednesday, December 5th, 2007

Experts predict that a record numbers of home repossessions are likely to take place within Britain, during the earlier part of 2008.
Due to massive change within the UK’s sub prime home loans market, many homeowners whose agreements come up for renewal next year, are likely to confront serious barriers as lenders become more reluctant to [...]

Old Christmas loans may fuel Debt Consolidation demand

Debt Consolidation Loans - Wednesday, December 5th, 2007

According to recent studies, more than 4 million people within the UK are still in the midst of repaying personal loan and credit card commitments, that were acquired for the purpose of coping with the financial strains associated to Christmas…last year.
One of the UK’s leading price comparison sites made the discovery whilst compiling a report [...]

Loans to pay energy bills may increase

Loans - Tuesday, December 4th, 2007

UK consumers could witness a dramatic rise in the cost of their energy bills during the first quarter of 2008, suggests a new study.
According to one of the UK’s leading energy and home utility comparison sites, the average cost of gas and electricity for many British households, may increase by more than 20% in the [...]

“Spare space” drives demand for home improvement loans

Home Improvement Loans - Tuesday, December 4th, 2007

More than half of all British home shoppers are drawn towards residential property, which offer some form of  “unused space” that can be used as part of a home improvement project.
Properties that are classed as having spare space, which can be developed to improve the standard of living for the occupant are almost 3 times [...]

 
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