Over the past couple of months there has been a more positive feel in the air with regards to economic recovery and the housing and homeowner loan markets in particular, as estate agents are reporting increased levels of interest from potential buyers and new lending on loans is increasing along with the total number of [...]
The majority of people in the UK are fully aware that it is now becoming extremely difficult to get finance through a personal loan or mortgage.
Banks and building societies have become reluctant to lend to anyone with anything other than a perfect credit record and even then they are applying stricter lending criteria and tighter [...]
We reported last week on how GE Money home lending has stopped offering new loans to customers through its subsidiary companies, i group and First National.
The companies previously offered a range of loan products through intermediaries and loan brokers, from secured loans to homeowner loans, as well as offering non conforming and bad credit loans [...]
We reported recently on how GE Money Home Lending (GEMHL) was intending to close one of its subsidiary companies at the beginning of March this year.
I group, which was the part of the GE Money group specialising in secured loans in the sub prime and bad credit loan markets, via the intermediary and loan broker [...]
We have reported on a regular basis, over the course of the past eighteen months or so, on how the homeowner loan or mortgage markets have been affected by the effects of the credit crunch and current economic down turn, but according to a recent report, it is not only mortgage business which has been [...]
The current economic slowdown and subsequent recession has claimed several victims over the past year, particularly in the finance sector and amongst companies who offer secured loans.
The latest organisation to feel the effects of the credit crunch is the Finance Industry Standards Association (FISA), the self regulating body which was set up to promote higher [...]
We reported last week about how the Association of Finance Brokers (AFB) is calling for regulation to be introduced for the secured loan, or second charge mortgage loan industry.
The AFB has called on the Financial Services Authority to regulate secured loans and ensure that loan companies are authorised to carry out their business in an [...]
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