The credit crunch has had a huge impact on banks, building societies and other loan companies in the UK, with the majority reducing the amount of loans they are able to offer due to limited wholesale funding and a large number of lenders withdrawing from the homeowner loan and secured loan markets altogether.
As a result [...]
Since the start of the credit crunch and economic slow down, the price of an average property in the UK has seen a considerable drop in value, increasing the loan to value ration on the mortgage or homeowner loan and in some cases, placing the homeowner in a negative equity situation.
Whilst those of us with [...]
There have been great concerns and many reports on the number of properties which are being repossessed due to arrears and defaults on homeowner loans and mortgages over recent months and the situation does not appear to be getting any easier for struggling homeowners.
But in addition to this, a new report from the Finance and [...]
There have been plenty of positive signs in the economy over recent weeks and months with regard to the first signs of recovery and the new buzz phrase which everybody seems to be using is “green shoots”.
The average price of a property is starting to increase once again, investments in the stock market are showing [...]
For a large percentage of first time buyers, obtaining the necessary homeowner loan they need to be able to purchase the house they want is often well beyond their financial ability, either due to being unable to afford the regular monthly loan repayments, or not having sufficient deposit to meet lenders’ current low loan to [...]
We have reported on several occasions, over the course of the past few weeks, on the problems which are being faced by many small and medium sized businesses in the UK when it comes to obtaining additional funding through a new business loan from their bank.
Since the onset of the credit crunch, almost two years [...]
The credit crunch and recent recession has caused significant financial problems for many individuals with a homeowner loan, or secured loan on their property, with arrears levels and repossessions showing a dramatic increase over recent months.
This has caused concerns for the Government, particularly with regard to how banks and building societies handle cases of loan [...]
