Recent months have seen a continuous and steady increase in the number of home owner loans and secured loans being approved by banks and building societies, as wholesale funding becomes more available and consumer confidence slowly returns to the housing and home owner loan markets.
According to the latest figures form the Bank of England, net lending [...]
The mortgage and home owner loan markets in the UK have had an extremely subdued year throughout 2009 and although there has been a significant increase in activity in the number of loans for house purchase over the course of the year, the number of new loans for remortgage purposes has actually continued to decline.
The [...]
New figures, which have been released by the Financial Services Authority (FSA), have shown that whilst the level and number of new loans for house purchase have increased steadily over the course of this year, the outstanding level of loan arrears and new arrears cases has actually decreased, despite the effects of the credit crunch, [...]
It has been an extremely turbulent time in the housing and home owner loan market over the course of the past couple of years and the fluctuating house prices and lack of suitable finance through home owner loans and mortgage products has deterred many would be buyers from actually moving house, or even thinking about [...]
Since the beginning of the credit crunch, there has been a dramatic fall in the number of available personal loan products on the market, as lenders have struggled to raise funds for new loans through the wholesale money markets, as well as taking a far more cautious approach towards lending to individuals, with a much [...]
Following the plans announced by HM Treasury to widen the regulation which is controlled by the Financial Services Authority (FSA) under its proposed Mortgage Market Review (MMR), there has been a mixed reaction from various experts in the financial services industry, particularly in the secured loans and mortgage sectors.
Whilst many industry experts and trade groups [...]
The credit crunch has taken its toll on the lending market as a whole, but particularly on those loan companies and lenders which offered loans in specialist areas, with many lenders limiting their products or withdrawing from the loan market altogether and some completely closing down.
But as we slowly start to see the beginnings of [...]
