Since the beginning of the credit crunch, almost two years ago, there have been a growing number of concerns from homeowners with regard to growing arrears on their homeowner loan and the possibility of losing their home through repossession, due to losing their jobs, or even having a reduction in their take home pay.
It seems [...]
We reported last week on how GE Money home lending has stopped offering new loans to customers through its subsidiary companies, i group and First National.
The companies previously offered a range of loan products through intermediaries and loan brokers, from secured loans to homeowner loans, as well as offering non conforming and bad credit loans [...]
We reported last week that a certain level of optimism was creeping into the housing and homeowner loan markets, due to the fact that the Bank of England had released a report which showed that the total number of new mortgages and secured loans had increased over the course of both January and February this [...]
Last week the financial media reported on how the number of people being accepted for a new homeowner loan had increased during the past couple of months and that there was also an increase in the number of new mortgage products available on the market for those looking for a loan, showing that consumers are [...]
Anybody who has applied for a personal loan over the past twelve months or so is likely to know exactly how difficult it has become to obtain the funding they need from their local bank or building society.
Since the beginning of the credit crunch in 2007, banks have continued to tighten their lending criteria, due [...]
Now, I don’t want to give you too much of a shock, so please make sure you’re sitting down and take a few deep breaths before continuing………OK?…….good! According to a number of experts, we could be starting to see some level of financial recovery in the housing and homeowner loan markets.
The latest figures from the [...]
Since October last year, the Bank of England’s Monetary Policy Committee has lowered the base rate of interest for loans on several occasions, bringing the bank base rate to an all time low of just 0.5 per cent.
Although many individuals with homeowner loans have seen their monthly repayments fall significantly, those people who have been [...]
