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Archive for March, 2008

Home Improvement loans market may have some way to fall

Home Improvement Loans - Thursday, March 6th, 2008

The current state of the UK’s housing market, has caused demand for Home Improvements loans to slip, suggests one source.
A reputable home renovation specialist has commented that changes in the mortgage market, with specific attention focused towards the fixed rate sector, has caused a large number of homeowners to reconsider plans to remodel their homes.
Mortgage [...]

New proposal highlights need for finance classes in schools

Loans - Wednesday, March 5th, 2008

A new proposition has been raised by the Liberal Democrats, whose intention is to help children within the UK better understand their finances, and to develop a more positive attitude towards credit.
If the proposition is approved, schools throughout the country will be legally required to educate their students in the ways of competent financial management, [...]

BOE predicts a fall in personal loan demand

Personal Loans - Tuesday, March 4th, 2008

The rate at which new personal loan agreements had been issued during the first quarter of 2008, demonstrated a noticeable decline in demand for consumer credit, suggests a new report.
According to the Bank of England, annualised personal loan and general credit borrowing will decrease by approximately 1.5 per cent during the course of 2008, as [...]

Spending down on the whole

Loans - Tuesday, March 4th, 2008

Approximately 1 out of every 10 people within the UK, are struggling to manage the payment of their household bills, due to budgetary constraints.
One of the countries leading insurers has discovered that tightening economic conditions have forced certain people (homeowners in particular), to drastically reduce their spending output across all aspects of their lives, with [...]

March rate change an unlikely prospect

Loans - Monday, March 3rd, 2008

Analysts of the UK’s financial markets have revealed that the BOE is likely to wait for at least another 6 weeks, before reviewing a further reduction in national interest rates.
Many home loan borrowers within the country are likely to have been banking upon another reduction in gross interest by the end of Q1 2008, however, [...]

 
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