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Archive for January, 2010

Interest Rates Could Increase Sooner Than Thought

Homeowner Loans - Wednesday, January 20th, 2010

Now that the UK is apparently leaving the recession behind and we are looking forward to some signs of positive growth, however slight that may be, many economics experts are now speculating as to when the base rate of interest is likely to start rising once again, pushing up the cost of home owner loans [...]

Loan Availability Looking Up For First Time Buyers

UK Loans - Tuesday, January 19th, 2010

Over the course of the past two years, or more, it has been particularly difficult for anyone to be accepted for a new loan of any kind, with home owner loans being no exception unless a potential borrower has a perfect credit rating and a large deposit.
The much tighter lending criteria from lenders with regard [...]

Ombudsman Expect Large Rise In Number Of Complaints

Homeowner Loans - Monday, January 18th, 2010

Due to the effects of the credit crunch, the banking crisis and the recent recession, many people in the UK are struggling with their financial situation in the current economic climate.
In this situation, many individuals look for someone to blame for their problems, whether it is a loan company or bank for allowing them to [...]

Credit Card Costs On The Increase

Homeowner Loans - Friday, January 15th, 2010

All those millions of people who did a large percentage of their Christmas shopping by using a credit card, or those individuals with an outstanding balance on their cards, could be in for a nasty shock when they receive their usual bill through the post this month.
New research has shown that the average interest rate [...]

Equity Release Loans See Fall In Numbers

Equity Loans - Thursday, January 14th, 2010

2009 saw a reduction in the number of applications across all sectors of the loan market, whether it be a home owner loan, unsecured personal loan or secured loan.
Despite the fact that many retired people who own their own home were struggling financially over the course of last year, the equity release loan market was [...]

Banking Bosses Questioned By Treasury Committee

Uncategorized - Thursday, January 14th, 2010

The recent banking crisis has caused great concern for the Government over the course of the past twelve months or so and therefore has set up a Treasury Committee to investigate the banking sector and in particular those banks which have received large loans from the Government in order to bail them out and rescue [...]

Homeowners Using Credit Cards To Make Loan Repayments

Unsecured Loans - Tuesday, January 12th, 2010

In the aftermath of the credit crunch and recession, a growing number of individuals have dramatically altered their outlook when it comes to their finances, repaying additional amounts off their personal loan and credit card debts, rather than borrowing extra money.
Despite this, a new survey from the housing charity Shelter has revealed that somewhere in [...]

 
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