The economic problems which have been faced by the UK over the course of the past couple of years have forced many individuals in the country to rethink their financial situation and not to rely too heavily on the assumption that their salary will always be there.
As a result of this, many people have severely [...]
Since the beginning of this year, there have been steady and noticeable improvements in the number and amount of new secured loans being approved for home purchase, as many industry experts are now starting to talk about “green shoots” of economic and financial recovery.
The situation saw a significant improvement over the course of June this [...]
Since the start of the credit crunch, almost two years ago now, banks and building societies have become extremely reluctant to offer loans of any kind to a potential borrower, even if the individual in question has a perfect credit history and they have applied for a secured loan against their property.
But when it comes [...]
We have talked, on several occasions in the past, about the importance of taking out adequate protection for personal loans and homeowner loans, mainly on an individual basis to ensure that if anything were to happen to the main breadwinner of the household, any loans would be paid off, or at least have the repayments [...]
Just when everybody was beginning to think that the banking sector in the UK was starting to show signs of recovery, the Lloyds Banking group, the largest banking group within the UK, is expected to announce that it intends to write off somewhere in the region of £13 billion in bad credit loans when it [...]
Over the course of the past few years, it has become increasingly difficult for those people approaching retirement to be able to make ends meet financially.
There are several reasons for this trend. Firstly many individuals have been turning away from investing in pension plans due to bad press in the past, secondly those who have [...]
There has been some good news with regard to the housing and secured loan markets over the course of the past few months, with the number of sales increasing as well as the number of secured loans being approved.
What is particularly encouraging for the market as a whole, is the number of first time buyers [...]
