The first half of this year saw a steady increase in the number of new home owner loans and mortgages being taken out, sparking optimism about the recovery of the housing and home owner loan markets, as well as the UK economy as a whole.
However, as many experts had already predicted earlier in the year, [...]
At the height of the credit crunch and recession, it was almost impossible to obtain a cheap loan for a buy to let property, as banks and building societies saw this area of loans as particularly high risk.
But now that many would be first time buyers are unable to meet lenders criteria with regard to [...]
Although the housing and home owner loan market may be struggling to keep its head above the water at the moment, with property prices still rather volatile and a lack of choice of suitable cheap loan deals for those wanting to buy, other sectors of the loan market are fairing much better.
Specialist bridging loan firm, [...]
The vast majority of people in the UK who own their own home either currently have, or have had in the past, a home owner loan or mortgage of some type in order to allow them to buy it. But whilst many borrowers are quite happy to take out a new home owner loan, the [...]
The latest statistics published by the Financial Services Authority (FSA) have revealed a significant fall in the number of interest only loans being taken out by borrowers, as banks and building societies continue to tighten their lending criteria and become ever more reluctant to offer this type loan, particularly without any kind of repayment vehicle.
Although [...]
Over the course of the year so far, we have seen a steady improvement in the availability of new home owner loan products, particularly for first time buyers, as banks and building societies begin to slowly relax their lending criteria slightly.
Although there has been this general improvement in loan availability in recent months, the latest [...]
Since the beginning of this year, we have constantly read reports of how the home owner loan and mortgage market is continuing to expand, as more banks and building societies bring new loan products to the market place, thereby offering borrowers far more choice over the loan they take out.
However, a new report has shown [...]
