Best Loans News

Yesterday (Thursday 4th March) the Bank of England held its usual monthly meeting of its Monetary Policy Committee (MPC). During this meeting it was decided not to change the current level of quantitative easing, of £200 billion and the bank base rate of interest on loans and savings would remain at the same record low [...]

Most people living in the UK aspire to own their own home at some point in their lives, even if this has a home owner loan or mortgage attached to it. But the latest survey from the Council of Mortgage Lenders (CML) has shown that home ownership is on the decrease as many individuals simply [...]

Following a particularly good month for new loan approvals in December last year, January this year saw a significant down turn in the number of new home owner loan approvals, according to the latest figures from, the Bank of England.
The figures show that there were only 48,198 new loans approved for house purchase throughout the [...]

The latest figures from the Council of Mortgage Lenders (CML) have shown that although the number of repossession cases on home owner loans in arrears and default are up for the whole of last year, the last three months of the year saw a significant decrease in the number of people losing their homes.
Despite this [...]

With the Bank of England base rate of interest at the lowest level it has ever been and banks and building societies failing to offer most people any sort of competitive home owner loan or mortgage deal over the course of the past two years, the majority of home owners have chosen to remain on [...]

Although there were some positive signs of improvement in the housing and home owner loan markets towards the end of last year, on the whole it was a particularly bad year for anyone associated with the industry and despite the fact that the UK is now officially out of recession (albeit with only 0.1 per [...]

A few months ago we reported on the proposed changes to the sale and rent back market, as the Financial Services Authority (FSA) announced that they were planning to introduce new regulation to cover this area of the housing market, in the same way that home owner loans and mortgages are regulated. The FSA introduced [...]