Most people will be aware that there are two basic types of home owner loan or mortgage, interest only and repayment (capital and interest).
Although the interest only option may be the more attractive for borrowers in the short term, due to lower loan repayments, a repayment vehicle of some kind is required to repay the [...]
The past couple of years or so have seen the availability of any kind of loan reduce drastically, as lenders tighten their lending criteria and struggle to obtain the necessary wholesale funding to supply loans to borrowers.
Despite some signs of growth in the UK economy, both lenders and borrowers are still extremely cautious about offering [...]
Despite the fact that several lenders have withdrawn from the market and that the number of new loans offered over the course of the past couple of years has fallen, the equity release loan market is still in a healthy situation, with a growing number of retired people taking out such loans.
But now a new [...]
High street banks accounted for the highest percentage of home owner loan offered to borrowers over the course of the past twelve months to May this year, according to new figures released this week.
The latest figures from the British Bankers Association (BBA) showed that the total amount offered in new home owner loans and mortgages [...]
Following the new Chancellor’s emergency budget earlier this week, high street banks in the UK have made a range of commitments to assist small and medium sized businesses in obtaining the new business loan they require.
The figures from the British Banking Association (BBA), show that high street banks are currently lending around £720 billion in [...]
It is a well known phrase that money can not buy happiness, although I am sure that many people without any and those who have large debts through personal loans and credit cards, would be keen to test this theory!
But a new psychological survey conducted by Aviva, has found that financial control and being on [...]
The Bank of England base rate of interest on loans and savings has now been at the incredibly low rate of 0.5 per cent for a total of fifteen months. For those borrowers with a variable or tracker rate on their home owner loan, this has meant large reductions in their monthly loan repayments, sometimes [...]
