The effects of the credit crunch and recent recession have left many individuals in the UK worrying about their finances and how they can reduce their personal loans and credit card debts in particular, whilst others are struggling to keep up with their loan repayments and trying to avoid falling into arrears on their loans.
But [...]
One of the biggest factors which has been holding back the housing and home owner loan markets over the past couple of years has been that of the low loan to value ratios offered by banks and building societies, particularly for first time buyers who are trying to get their feet on the first rung [...]
Towards the end of last year and the early months of this year, many borrowers looking for a new home owner loan were moving away from the traditional fixed rate loan deal in favour of a variable or tracker rate for a cheap loan deal.
The reduction in the Bank of England base rate eighteen months [...]
Over the course of the last twelve months, unemployment figures have increased dramatically, as the UK continues to reel from the most recent recession. One sector of the jobs market which has been affected particularly hard, is the over 50’s, with unemployment figures for this age group increasing be more than 50 per cent in [...]
For a couple of years now, it has been difficult for practically anyone to get the loan they needed, due to the effects of the credit crunch and banking crisis. It has been particularly difficult for would be first time buyers to be accepted for a suitable loan to get themselves onto the housing market [...]
The main high street banks in the UK have come under a lot of pressure over the course of the past couple of years or so, and in particular within the last week, since the majority of banks have announced huge half year profits, despite the fact that they still seem to be unable to [...]
One of the greatest shake ups of the home owner loan and mortgage market in the past few years has been the latest proposals from the Financial Services Authority (FSA) in its Mortgage Market Review (MMR).
The idea behind the MMR is to offer a greater level of protection for consumers who are taking out a [...]
