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New lending on loans and mortgages has fallen to a record low level for the month of May, according to reports from various sources.
The British Bankers Association (BBA) reported that house sales were at the lowest level recorded since records began in 1997, with fewer than 28000 sales completing for the month of May. This [...]

There has been an incredible amount of negativity surrounding the housing market over the past six to twelve months, what with the credit crunch making it more difficult for individuals to obtain a home loan or mortgage, the cost of loans increasing dramatically and talk of house prices falling more than they already have done, [...]

Young people who apply for personal loans on the fly without devoting careful thought and consideration to the possible financial detriments that their decision could bring, may live in regret for many years after.
According to a recent study undertaken by leading financial institution PFEG, more than 60% of borrowers aged between 18-26 will significantly increase [...]

We have reported on a couple of occasions over the past two weeks about the increasing costs associated with fixed rate mortgages and home loans, with regard to both the increasing interest Rates which are being charged on them and also on the high level of arrangement fees which usually end up being added to [...]

We reported last week about how the average cost of a two year fixed rate mortgage had increased dramatically due, partly to expensive arrangement fees which are being added to the loan, but also to the increase in the rate of interest being charged on fixed rate home loans by lenders and we questioned whether [...]

After the huge increases in property values which we have seen over the past few years, where many homes have increased in value by up to 170%, the correction in the housing market is continuing, with the average price of a new home falling by 1.2% for the month to the middle of June.
In monetary [...]

No one likes to be the purveyor of bad news, particularly on a regular basis, but this seems to be the job which has befallen Mervyn King, the Governor of the Bank of England, over the past few months.
As many individuals in the UK today are struggling to keep their heads above water with their [...]