Best Loans News

The Chelsea building society, the fourth largest society in the UK, has reported that it has made losses of around £41 million, due to borrowers with buy to let loans committing fraud on their original loan application.
As a result of this, the Chelsea has recorded a half year loss overall of £26 million. According to [...]

Despite talk of signs of improvement and even recovery in the housing and homeowner loan markets, the effects of the credit crunch have taken their toll on lenders and borrowers alike.
One of the worst hit sectors of the loan industry over the course of the past two years has been that of specialist lending, i.e. [...]

There have been great concerns and many reports on the number of properties which are being repossessed due to arrears and defaults on homeowner loans and mortgages over recent months and the situation does not appear to be getting any easier for struggling homeowners.
But in addition to this, a new report from the Finance and [...]

The credit crunch and recent recession has caused significant financial problems for many individuals with a homeowner loan, or secured loan on their property, with arrears levels and repossessions showing a dramatic increase over recent months.
This has caused concerns for the Government, particularly with regard to how banks and building societies handle cases of loan [...]

It is not only consumers and individuals with homeowner loans and other debts who have had a difficult time due to the effects of the credit crunch and the following economic slow down, but also many of those people who work in the finance industry, particularly in the area of financial advisers and loan brokers [...]

Since the beginning of this year, there have been steady and noticeable improvements in the number and amount of new secured loans being approved for home purchase, as many industry experts are now starting to talk about “green shoots” of economic and financial recovery.
The situation saw a significant improvement over the course of June this [...]

There has been some good news with regard to the housing and secured loan markets over the course of the past few months, with the number of sales increasing as well as the number of secured loans being approved.
What is particularly encouraging for the market as a whole, is the number of first time buyers [...]