First time buyers are facing the toughest market conditions in 30 years, according to statistics from the Council of Mortgage Lenders. Not since records began in 1978 have such low numbers of first time buyers successfully got onto the housing ladder. Whilst house purchasing has hit a record low in August – with figures at [...]

Figures released from the Bank of England show that Britain’s homeowners have reversed their habit of releasing equity from their homes. Since last year, the numbers of successful homeowner loan applications has fallen dramatically. Much of this is due to the uncertain housing market conditions, as lenders exercise greater caution. However, many homeowners have decided [...]

If you’re looking for the best loan rate today, don’t be so sure that the old dictat of “borrow more, pay less [interest]” will hold up. Many lenders have turned the tables and made middle ground their favourite sum. Yes, that’s right. If you want to borrow £1000 on a personal loan over five years [...]

In a speech which could shock many families and homeowners, one specialist mortgage company has stuck its neck out to urge the Bank of England to put business before individuals. Whilst many homeowners have been feeling the fear of repossession, as missed home loan repayments mount up, Base Commercial Mortgages Ltd insist that it business [...]

It is estimated that roughly £1bn worth of gift vouchers will be given as Christmas presents over the festive season and many of these are never going to be used. The Voucher Association, which is the trade body for the industry, has admitted that up to a quarter of all vouchers will never be used. [...]

The last few years have seen the spotlight turned upon what is proving to be a great earner for banks and lenders: Payment Protection Insurance or PPI. From the Office of Fair Trading to the BBC and other media, everyone has been investigating this insurance to discover who really benefits from these insurance packages which [...]

Figures out yesterday show that whilst IVAs as a debt solution are as popular in ever, there has been a fall in the number of successful applications. According to the figures released by the Insolvency Service, the number of successful IVA applications has actually fallen, despite high demand from debtors. Terry Balfour of IVA comparison [...]

It has been found that consumers are starting to lose their appetite for unsecured borrowing whether it is through unsecured loans or through credit cards. The findings were reported by the British Bankers Association which also found that total secured lending was also down 30.3% last month when compared to the same period last year. [...]

It has been revealed that millions of low-income families are turning to doorstep lenders in order to shore up their debt, with some rates as high as 200%. The report which was published by Save the Children has revealed that as many as 2.3 million borrowers are taking out unsecured loans provided by door to [...]

The global credit crunch that financial institutions are currently suffering is partly a result of the collapse of the sub-prime mortgage sector in the US. This situation has led to massive losses for many financial institutions. Repossessions in the UK could hit as much as 70,000 in the coming year, which will be the highest [...]