It would appear that the equity loan market is suffering in just the same way as the rest of the homeowner loan market, due to the economic slowdown.
Equity release loans, or lifetime mortgages, have been growing in popularity over recent years, as more and more people entering retirement need additional funds to maintain their lifestyle, [...]
Since the credit crunch and economic slow down forced the Bank of England to reduce the base rate of interest applicable to homeowner loans and mortgages to the lowest rate in the history of the Bank, many borrowers, particularly those with a variable or tracker rate loan, have seen the cost of their homeowner loan [...]
Since the credit crunch and the recent global economic slow down, many individuals have become far more wary of banks and other loan companies and in addition to this, have become more cautious about applying for any type of new loan or other financial service without seeking some form of professional advice from an independent [...]
After a dismal couple of years for the housing and homeowner loan markets, we appear to be starting to see some signs of recovery in this area, as new homeowner loans to people looking to move house, or buy for the first time actually started to show positive growth during the month of July this [...]
In many cases, an individual who approaches a debt management company could possibly have their problems solved with a debt consolidation loan and on the other hand, an individual who applies for a debt consolidation loan could be declined and require a debt management programme.
As a result of this demand, it seems quite sensible that [...]
After some speculation last week about the possibility of the Bank of England cutting the base rate of interest to a negative level, the Monetary Policy Committee (MPC) decided in their meeting last Thursday to keep the current base rate of interest for loans and savings on hold at 0.5 per cent for another month.
Whilst [...]
The Bank of England’s Monetary Policy Committee (MPC) has held its usual monthly meeting on Thursday this week and, despite some suggestions from analysts that interest rates on loans and savings might actually fall into negative figures for the first time ever, the decision has been made to keep the rate on hold at 0.5 [...]
