There are more signs that the housing and home owner loan markets are continuing to stagnate at the present time, as the Bank of England has just released its latest figures for new loan approvals for the month of August.
The figures have shown that there were a total of 47,372 new home owner loan offered [...]
Prior to the credit crunch, one of the biggest providers of buy to let loans in the UK was Paragon Mortgages, who specialised in buy to let loans on a portfolio basis for professional landlords. However, the lenders stopped offering new loans back in 2008 due to a lack of funding, and concentrated on managing [...]
The Bank of England base rate of interest on loans and savings has remained at the historically low level of just 0.5 per cent now for eighteen months and many experts believe that this will remain the case for some time yet, due to the fragile nature of the UK economy.
However, a growing number of [...]
Following the credit crunch and recent recession, it would seem that many individuals in the UK have learnt their lesson regarding personal loans and other forms of debt, as the number of new loans and credit agreements being taken out is shrinking.
New figures from the Finance and Leasing Association (FLA) have revealed that the amount [...]
The European Commission (EC) has started to look into the UK home owner loan and mortgage market and has suggested new proposals to bring the current system in line with European countries, by introducing a ten day “cooling off” period for anyone who takes out a new home owner loan or mortgage.
The UK currently has [...]
We’ve all been in the situation at some time or another, when the money runs out a week before payday and you end up looking into the back of the kitchen cupboards to find something for the next meal, or staying in rather than going out for a drink with friends!
Worryingly this is becoming an [...]
Anyone who has tried to apply for a new loan of any kind in the past couple of years or so, will know that being accepted for credit is nowhere near as easy as it used to be prior to the credit crunch.
The banking crisis has caused lenders to take a far more cautious approach [...]
