Following the effects of the credit crunch and the recent banking crisis, the secured loan industry has been hit particularly hard, with the industry almost grinding to a complete halt and many secured loan providers either closing their doors to new business, or going out of business altogether.
In recent months there have been signs of [...]
A new term has just been introduced to the loan industry. Link loans, a secured loan packaging company, have just introduced “baby loans” and if you’re wondering, this has absolutely nothing to do with starting a family!
The new product is aimed at those borrowers who may have an unsecured loan, or borrowing through a credit [...]
Just a few years ago, when property prices in the UK were soaring, a large number of people used the equity within their home to raise capital for all types of things, from house extensions to debt consolidation loans.
A home owner was able to release equity from their property, either through a remortgage or by [...]
Since the Bank of England base rate of interest on home owner loans and mortgages has remained at an all time low of just 0.5 per cent for more than a year now, and there are still only very few suitable deals for remortgage opportunities for existing borrowers, more people than ever before now have [...]
After the past couple of years or so, when we saw companies withdrawing from the loan market and in some cases closing down altogether, it is a refreshing change to see companies returning to the market and starting to offer loan products to the market once more.
This week, Link Loans has announced that it is [...]
We reported last week on how the number of properties repossessed due to arrears and defaults on the main mortgage or home owner loan had fallen in the last three months of last year and, although there were more people lost their homes than the previous year, the total number was below the amount predicted.
A [...]
Following the demise of several loan companies over the course of the past few years, largely due to the effects of the credit crunch and lack of wholesale funding for the loan industry as a whole, it is good to see some positive signs of recovery and one or two lenders starting to return to [...]
