Best Loans News

There has been good news over the past month for those people who are currently making repayments on a mortgage or other personal loan, as the Bank of England announced a cut in the base rate of interest of half a per cent, with the realistic prospect of further rate cuts on the horizon, possibly [...]

No, you haven’t misread the title of this article, it’s true….the number of new home loans has actually increased through the month of September! The latest news on the housing and mortgage loan markets comes from figures just released by the Bank of England which reveal that the total amount of new home loans increased [...]

At the beginning of this year, the Council of Mortgage Lenders (CML) warned the mortgage loan industry as a whole that it expected to see a dramatic increase in the number of repossessions of people’s homes throughout the course of 2008, due to the effects of the credit crunch and according to the latest figures, [...]

As the UK economy continues to slow down and it looks as though Britain is about to head into a recession, the number of people unemployed is starting to rise dramatically and many experts predict that there could be as many as two million individuals unemployed by the end of this year, with worries over [...]

Equity release schemes are finally beginning to lose the stigma which they earned in the late eighties and early nineties for being high risk, or even dangerous plans which could leave a customer worse off than if they had not embarked upon the scheme in the first place.
Since the introduction of SHIP (Safe Home Income [...]

Earlier this week the Government issued new protocols to the courts for use with cases of repossessions, where home owners have fallen into arrears with the repayments on their mortgage or home loan, which are designed to protect the interests of home owners and make repossession a last resort of the lender.
On the back of [...]

Due to the recent concerns over the increasing level of arrears and possession proceedings which have been brought against UK home owners who have been struggling to keep up with the repayments on their mortgage or homeowner loan, the Government has introduced new measures to help individuals remain in their homes and also maintain ownership, [...]