We reported on Monday (19th Jan) this week about the new plans from the Government to introduce a further financial rescue plan for banks and building societies in order to encourage them to start providing a range of more competitively priced homeowner loan products and ease their lending criteria, to give the much needed boost [...]
Over the course of the past few months, those lovely people on the Bank of England’s monetary policy committee have done a great big favour for all those borrowers with a homeowner loan, or mortgage on their house.
Since October last year, the base rate of interest charged on loans has fallen by 3.5 per cent, [...]
As the effects of the credit crunch and the economic down turn have continued and become deeper over the past few months, the government has today (Monday 19th Jan) announced a range of measures to help support the economy as a whole and particularly to help banks and building societies restore the liquidity they require [...]
You may have read last month how the Government are planning to introduce a rescue scheme for those individuals who are struggling to keep up with their repayments on their mortgage or secured loan and may be facing repossession.
The scheme, which has been piloted amongst 80 local councils throughout December last year is today being [...]
As the current economic situation in the UK seems to be getting worse, with the unemployment figures increasing and looking as though they will increase further yet, it is likely that a large number of borrowers with homeowner loans will struggle to maintain the repayments on their loan during 2009 and it is likely that [...]
Following a meeting over the weekend between the Prime Minister and chief executives from the banking sector, the government announced yesterday (Tuesday 13th Jan) that it is planning to guarantee new loans to small businesses who may be struggling to survive in the current economic climate and would be likely to go out of business [...]
Over the past few months there have been an increasing number of calls from financial experts for the Government to offer financial assistance to banks and building societies in order for them to be able to offer realistic mortgages and secured loans to potential borrowers, in the hope that this could help to revitalise the [...]
