Although there has been an increase in the number of new home owner loans and mortgages being taken out over the course of this year compared with the previous year, growth in the home owner loan market is still painfully slow according to a report from the British Bankers Association (BBA).
The latest figures from the [...]
Since the effects of the credit crunch hit the banking sector in the UK, it has become increasingly difficult for anyone to be accepted for a new home owner loan or mortgage, unless they have a perfect credit history and a large enough deposit to meet lenders restrictive maximum loan to value limits.
But new proposals [...]
With interest rates on new home owner loan products being historically low at the moment, coupled with relatively low property prices, many people now believe is the best time to get themselves onto the housing and home owner loan market, or move up the housing ladder.
The latest figures from the Financial Services Authority (FSA) have [...]
The available choices for someone looking for a new home owner loan or mortgage has been particularly limited in recent years, as banks and building societies have been restricting their lending, whilst they restore their own balance sheets, following the effects of the credit crunch.
However, the number of new home owner loan and mortgage products [...]
The past few years have been particularly difficult for first time buyers attempting to get onto the housing market and find a suitable and affordable home owner loan product which actually meets their needs and whilst the situation has improved in recent months, there are still many hurdles for potential new loan customers.
The latest figures [...]
The Bank of England confirmed yesterday (Thursday 8th December) that the base rate of interest for loans and savings would be kept on hold for another month at the historically low level of just 0.5 per cent.
The announcement was made following the regular monthly meeting of the Bank’s Monetary Policy Committee (MPC) and came as [...]
The government has announced that it is to conduct a review of the benefits available under its Support for Mortgage Interest (SMI) which is currently available to unemployed individuals who would otherwise be unable to pay their home owner loan.
SMI benefit currently pays the interest on home owner loan repayments up to loan amounts of [...]
