Over the course of the past twelve months, the effects of the credit crunch and the current economic slow down have had a dramatic impact on many people, particularly homeowners, many of whom are struggling to maintain the repayments on their homeowner loan, or other secured loan.
Both the level of loan arrears and number of [...]
The Bank of England’s Monetary Policy Committee announced yesterday that the base rate of interest for homeowner loans and mortgages was to be reduced once again, to 1.5 per cent, the lowest ever since the Bank of England opened its doors in 1694.
Although the move was widely expected, many industry experts have been quick to [...]
The Bank of England’s Monetary Policy Committee (MPC) held its usual monthly meeting this lunchtime and announced that the base rate of interest for homeowner loans and savers would be reduced once again, this month by 0.5 per cent.
This means that interest rates have now dropped by 3.5 per cent since October last year, when [...]
It seems that whilst everything in the UK appears to be in decline at the moment, there is one area of rapid growth, although this is not necessarily something we should be proud of.
The total level of personal debt in the UK has actually now exceeded GDP growth and is still increasing. Although the rate [...]
It has been reported on several occasions in the run up to Christmas that there is some positive news on the horizon for the UK housing and secured loan markets during the course of 2009.
Property prices have dropped to a level where many experts believe they have now reached the bottom of the market and [...]
It has become increasingly difficult for individuals to be accepted for personal loans or other form of credit, as banks, building societies and other loan companies continue to restrict their lending policies and tighten lending criteria.
As a result of this, a large number of people, many of whom have always been accepted for credit in the [...]
It looks as though there could be some positive news for the housing and homeowner loan markets as we enter the New Year, which certainly makes a pleasant change from all the doom and gloom we have been hearing about for the past twelve months.
According to the latest survey from the Halifax, the cost for [...]
