Prior to the credit crunch it was relatively easy for anyone to obtain the loan they required, particularly if this was a home owner loan or secured loan. Even someone with a poor credit rating, with previous loan arrears or even County Court Judgements (CCJ’s) could get the loan they needed, even if it was [...]
Levels of personal debt on personal loans and credit cards in the UK have reached record levels and, although many individuals are attempting to repay their loan debts early, the average amount of personal debt is still on the increase.
The effects of the credit crunch and recent recession have pushed the problem into sharp relief, [...]
Just a few years ago, when property prices in the UK were soaring, a large number of people used the equity within their home to raise capital for all types of things, from house extensions to debt consolidation loans.
A home owner was able to release equity from their property, either through a remortgage or by [...]
Last week, the Bank of England published its latest quarterly survey on credit conditions in the UK economy and the results are starting to show a more optimistic future for the housing and home owner loan industry over the course of the coming year.
The figures show what everyone already knows, that there has been an [...]
In his recent budget speech, the Chancellor of the Exchequer, Alistair Darling, raised the threshold for stamp duty for first time buyers to £250,000, in an attempt to help growth in the housing and home owner loan markets.
According to new research from Moneysupermarket.com, this increase is already starting to show benefits in the housing market, [...]
Over the course of the past couple of years or so, lending criteria on personal loans, home owner loans and mortgages has become much tighter, as lenders have been more careful about who they are prepared to lend money to.
Prior to the credit crunch it was much easier for anyone to obtain the loan they [...]
