The equity release loan market has had a fairly bad run over the course of the past twelve months or so, as many individuals have been reluctant to take out this type of loan due to falling property prices and several large banks and building societies have withdrawn from the market altogether due to lack [...]
We reported last week on how the number of properties repossessed due to arrears and defaults on the main mortgage or home owner loan had fallen in the last three months of last year and, although there were more people lost their homes than the previous year, the total number was below the amount predicted.
A [...]
The Council of Mortgage Lenders (CML) has just released its figures for the total number of homeowners who have either had their home repossessed or had a high level of arrears on their loan, for the last three months of last year.
Between October and the end of the year, there were 10,200 properties which were [...]
Most people would expect young people, with a new home owner loan and perhaps a young family, to be those worst affected by loan debt and a lack of financial planning and although this is often the case, many individuals who are now approaching retirement are in a worse financial state than those people who [...]
Over recent years there have been several problems for consumers which have been caused by them not understanding the contact they have signed, leaving them in a financially difficult situation.
Whether it is for a personal loan, or a mobile phone or credit card, for example, many contracts can be long, complicated and full of technical [...]
With the Bank of England base rate of interest at the lowest level it has ever been and banks and building societies failing to offer most people any sort of competitive home owner loan or mortgage deal over the course of the past two years, the majority of home owners have chosen to remain on [...]
A large number of home owners in the UK have high levels of debt through personal loans and credit cards and although a secured loan may be cheaper than an unsecured loan, many individuals choose to take out an unsecured loan in the belief that they will protect their home in the event of a [...]
