There has been a lot of talk about irresponsible lending within the mortgage and personal loan industries over the past few months, as an ever increasing number of borrowers are finding themselves in financial difficulties as the credit crunch tightens and they struggle to meet their monthly repayment commitments.
Many individuals are blaming the various lenders [...]
Everybody in the UK with any kind of mortgage or loan breathed a sigh of relief a couple of weeks ago at the prospect of cheaper monthly loan repayments, as the Bank of England announced a cut in the base rate of interest of 0.5 per cent.
However, in many cases this optimism was short lived [...]
Since the collapse and subsequent nationalisation of Northern Rock last year, the newly appointed board of directors is continuing to attempt to turn the lender around and repay the money which has been pumped into the organisation by the UK taxpayer.
The mortgage and homeowner loan provider is currently on target with its repayment schedule by [...]
As the global credit crunch continues to affect everybody in the UK in some form or other, many individuals and families are being forced to cut back on the amount of money they spend on the luxuries in life in order to be able to meet their regular monthly financial commitments.
For the majority of families, [...]
As it becomes more difficult to be accepted for a personal loan from a financial institution, not to mention the increasing cost of taking such a loan, an increasing number of people in the UK are turning to their family and friends when it comes to borrowing money, rather than approaching their bank or other [...]
We have had a little bit of good news for the mortgage and secured loan markets over the course of the last week.
Firstly, the Bank of England announced a cut of 0.5 per cent in the base rate of interest, which will hopefully make loans cheaper for many borrowers and then the Government announced that [...]
There have been a number of reports recently into the ongoing problems with Payment Protection Insurance (PPI) with regard to miss-selling from loan providers and brokers and the level of complaints which have been generated from this type of business.
Payment Protection Insurance is designed to protect an individual’s regular monthly repayments on their personal loans, [...]
