Since Christmas last year, there has been a continuous and steady increase in the level of interest from individuals looking to buy property and now that we are approaching spring and lighter evenings, it is likely that interest will increase further, as this is a traditionally good time of year for house sales.
The latest figures [...]
Anybody who has applied for a new homeowner loan or mortgage in recent months will probably be aware of how restricted the market is at the present time and we have reported in previous months about how the total number of homeowner loan products has been reducing since the beginning of the credit crunch.
But the [...]
The Association of Finance Brokers (AFB) has recently called on the Government to introduce regulation for the secured loan industry.
Under current legislation, anybody who applies for a mortgage or first charge homeowner loan has the piece of mind in knowing that the company or lender giving the advice is authorised and regulated by the Financial [...]
Another lender has announced its decision to withdraw from the secured loan and second charge mortgage market this week, adding to the long list of lending organisations which have already made similar decisions.
GE Money Home Lending (GEMHL) has reduced its exposure in the loan broker and intermediary markets by announcing that it intends to stop [...]
Two of the major high street banks in the UK are to take advantage of the newly introduced Government rescue scheme, in a bid to free up more liquidity and be able to offer loans to consumers once more.
Both the Lloyds Banking group and the Royal Bank of Scotland have announced that they will be [...]
We reported last week that Northern Rock, which was the first bank to be nationalised by the Government, is to start offering new loans to borrowers once more with £14 billion worth of new lending to be made available over the course of the next two years.
However, the recently published annual report for Northern Rock [...]
Thursday this week will see the Bank of England’s Monetary Policy Committee (MPC) meet once again for its usual monthly meeting, during which they will make the decision on what level the base rate of interest on loans and savings should be set at for the following month.
Over the course of the past few [...]
