Over the course of the past few years, the UK has generally become a nation with the attitude of “buy now pay later” as more and more individuals have used credit cards and taken out both secured loans and unsecured loans in order to buy the things they want, rather than saving up the money [...]
Two or three years ago, the equity release loan or lifetime mortgage market was seeing a huge amount of growth, as many people entering retirement were freeing up the equity locked into their home in order to help fund their retirement, or pay off their existing outstanding personal loans, home owner loans and other debts.
But [...]
Over the course of the past couple of months or so, there have been a string of new best buy deals on homeowner loans entering the market, as banks and building societies are beginning to compete for the most attractive loan customers.
The main problem with these deals is that they usually only offer low loan [...]
Traditionally, when people pass age 50 they should normally be starting to think about retiring and building up sufficient funds and savings to see them through their retirement, but a recent survey has painted a very different picture of the over 50’s generation in the UK at the moment.
The research, which has been conducted by [...]
The recent recession has had a huge impact on all sectors of the UK economy as well as the personal financial situation for many individuals and families, who have been struggling to make their income stretch to cover the rising cost of their monthly bills and personal loans and other debts in the face of [...]
Although there have been the first signs of recovery in the housing and home owner loan markets, this sector of the UK economy is still extremely slow compared with the figures for new loans prior to the credit crunch.
Despite the huge programme of quantitative easing by the Treasury and various other schemes from the government [...]
We have reported on several occasion over the course of the past few months about sale and rent back schemes, which allows a home owner who is struggling to maintain their home owner loan repayments and may be facing repossession, to remain in their home by selling it to a company, thereby clearing the loan [...]
