Best Loans News

Archive for February, 2008

Reduced demand an ulterior motive for expensive loans

Loans - Friday, February 29th, 2008

The ability to source cheap loans and other forms of low cost credit has been quashed, as lenders tighten the reigns on their product portfolios.
Borrowers are being forced to consider more expensive borrowing alternatives, (regardless of credit conduct) if they are adamant that they must have credit. One of the UK’s leading debt charities has [...]

Online loans will retire the high street

Online Loans - Thursday, February 28th, 2008

The days in which consumers would walk into their banks or building societies local branch for a quotation on a personal loan, will soon become a thing of the past according to experts.
National statistics show that more people than ever on turning to their PC’s as the first port of call for a personal loan [...]

FTB’s reliant on parental assistance

Loans - Thursday, February 28th, 2008

Parents across the country have provided their children with close to £30 billion over the last 10 years, in order to supply them with adequate deposits for a UK home loan.
According to a new study, more than 20% of FTB’s have received financial aid from their parents with regards to securing the loan for a [...]

Credit borrowing stagnates in Jan

Loans - Wednesday, February 27th, 2008

Loan and credit card borrowing was down by a sizeable margin in the month of January, according to new reports.
Information released by the BBA shows that the accumulative total borrowed by consumers during the first month of 2008 was just shy of ½ a Billion pounds, equating to quite a substantial reduction in credit requests, [...]

Singletons save £££’s

Loans - Tuesday, February 26th, 2008

Brits who choose to remain in bachelorhood or avoid the commitment of a relationship for a prolonged period of time, will save £££’s as a result.
Recent research shows that single people stand to make substantial savings in many different aspects of their lives by remaining single, despite the benefit of joint incomes as found in [...]

High demand for Wedding Loans in 08

Wedding Loans - Tuesday, February 26th, 2008

Young couples that are planning to soon be wed, may be interested to hear that the average cost of a wedding in the UK has soared to more than £25,000 in the last year.
One of the UK’s most popular wedding arrangement and advice sites, recently revealed to its visitors that weddings held throughout 07, and [...]

Home loan lenders withdraw sub prime offerings

Loans - Monday, February 25th, 2008

Some of the UK’s largest home loan providers have completely withdrawn from the sub prime market, revoking all packages, which carry a maximum loan to value of 125%.
Changes in the UK’s economy, namely the credit squeeze, have caused firms operating within the sub prime/adverse marketplace to completely rethink their positions. Home loan providers are no [...]

 
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