It has been a difficult twelve months for the equity release loan and lifetime mortgage market, with house prices falling, reducing the level of equity held in a property and several large lenders withdrawing from the market altogether.
Despite this, an equity release loan is still a popular option for many individuals in retirement, either to [...]
We have reported on several occasions over the course of the past few months on how consumers in the UK are generally reducing their outstanding level of personal debt by paying off extra amounts on their personal loans and credit cards.
This has largely been due to the high interest rates which are often charged on [...]
Although there were some positive signs of improvement in the housing and home owner loan markets towards the end of last year, on the whole it was a particularly bad year for anyone associated with the industry and despite the fact that the UK is now officially out of recession (albeit with only 0.1 per [...]
As consumer confidence in the housing market and increased availability of competitively priced home owner loan and mortgage deals steadily improves as we head into 2010, lenders across all sectors of the market have seen an increase in the number of new home owner loan applications being made and loans being offered to customers, who [...]
A few months ago we reported on the proposed changes to the sale and rent back market, as the Financial Services Authority (FSA) announced that they were planning to introduce new regulation to cover this area of the housing market, in the same way that home owner loans and mortgages are regulated. The FSA introduced [...]
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