If you find yourself in the position of needing to borrow money, you may already know that it is getting more and more difficult to take out a loan. Lenders have responded to the economic downturn by being more restrictive as to whom they will loan money. Lenders who are still willing to make loans are often looking to make the loans that they deem to have a lower amount of risk.
It has been revealed that there is an average of 6 million people that do not have savings in the UK. This means that there is a potential 6 million people who if they lose their job or become sick could possibly face financial adversity. For those who are saving are only saving around 8 [...]
House prices have risen in the the first two months of 2011, albeit only slightly, but indicates that a recovery may be on the cards. House prices across England and Wales rose by 0.2 per cent in January compared to December 2010 and then again 0.3 per cent in February, defying estimates for a 0.3 [...]
Northern Rock is looking set to introduce a range of mortgages at a 90% LTV which will hopefully help the first time buyer market which has suffered immensley since the credit crunch began.
New figures revealed why many lenders are focusing on personal loans rather than mortgages.
The Bank of Englands Monetary Policy Committe has kept the base rate of interest at 0.5% despite increasing pressures surrounding the increasing inflation level. This historically low level will remain in place for at least another month now. It has been in place since March 2009. The Bank has also decided against any changes to [...]
A new partnership between Barratt Homes and Hitachi Capital (UK) is to offer parents’ of first time house buyers unsecured loans of up to £50,000 in an attempt to boost the dwindling housing market. The idea is that by offering them financial support, parents can help their children acquire their first property and get on [...]
A study found that many homeowners are turning to credit cards or personal loans to repay home costs.
Its Payment Protection Insurance (PPI) will no longer be available with personal loans or other financial products.
The lender’s withdrawal has placed strain on Ireland’s market for unsecured personal loans.