Is there any point forecasting house prices for next year?
Each year a number of major lenders in the UK, along with the Council of Mortgage Lenders, tend to prepare a forecast for house prices in the UK over the coming year. However, this year has been very...
View ArticleHomeowners will not necessarily benefit from rate cuts
Recent reports have indicated that despite the base rate cuts that have been applied by the Bank of England over the past few weeks some homeowners may not actually benefit from these reductions, as...
View ArticleNCC cuts ties with doorstep lending site
The National Consumer Council, which was recently renamed Consumer Focus following a merger, has reported that it is not part of a relatively new website that was set up to help consumers find the...
View ArticleAre those with bad credit being targeted by high interest lenders?
Over the past decade having damaged credit did create problems for those that were looking to take out finance. However, in the days of easy credit even those with damaged credit were able to get...
View ArticleRates on personal loans have soared
Most people are well aware that the financial sector has been deeply affected over the past year as a result of the global credit crunch, which has affected all sectors of the financial industry and...
View ArticleDrop in mortgage approvals as consumers spend deposits elsewhere
Reports have shown that October saw a further decrease in mortgage approval levels, falling by nearly two thousand compared to September and plunging by a massive 52 percent compared to October of last...
View ArticleParents providing help to many first time buyers
For many years first time buyers have struggled to get onto the property ladder for one reason or another. For a number of years the problem has been the soaring price of property in the UK, but more...
View ArticleCan an interest only mortgage ease your finances?
A recent article has suggested that struggling homeowners who are finding it difficult to make ends meet each month could benefit from opting for an interest only mortgage in order to reduce monthly...
View ArticleAre you facing repossession?
If you are in danger of facing repossession at the moment then you are not alone, as there has been a sharp increase in the level of repossessions of late, with more and more homeowners losing their...
View ArticleWhat will our Christmas spending be like this year?
Many consumers in the UK have had a very difficult financial year over the past twelve months for a number of reasons. Whilst interest rates have now dropped to 3% after some drastic cuts by the Bank...
View ArticleIs now the time to take out PPI?
The subject of PPI, or <strong>Payment Protection Insurance</strong>, has been a controversial one for the past couple of years, with a huge amount of controversy relating to the...
View ArticleBase rate cuts need time to take effect
A policymaker from the Bank of England has said that the recent rate cuts are going to take some time to take effect and feed through to the economy. Andrew Sentance reckons that negative performance...
View ArticleHow will buy to let landlords fare after B&B collapse?
The recent collapse and part nationalisation of Bradford and Bingley came as a shock to some, and none more so than the many buy to let landlords that have been affected by what has happened to the...
View ArticleSlight increase in mortgage approval levels for September
According to recently released figures there was a slight increase in the level of mortgage approvals in the UK during the month of September compared to the previous month. There were 21,342 mortgages...
View ArticleIs the current house price crash worse than that of the 1990s?
As most people are only too aware the value of property has been falling month on month for the past year, and property prices have plummeted since they hit their peak last October. Many homeowners...
View ArticleRepossession levels soar
Recently released figures have shown that repossession levels have soared recently, and that in the months to come the number of repossessions compared to last year could rise even further. Figures...
View ArticleSellers being forced to slash prices
According to a recent report homeowners that are looking to sell their properties are being forced to slash their asking prices in order to secure any hope of selling their property in the current...
View ArticleHouse price falls worse than in 1990s
A recent report has suggested that the house price falls that are currently being experienced in the UK are actually worse than those seen in the 1990s. In fact, the data suggests that in the past...
View ArticleBrits being hit with rocketing loan interest rates
Since the onset of the global credit crunch consumers in the UK have been affected in many ways, with the cost of borrowing rocketing and with availability of finance in all sectors becoming more...
View ArticleNationwide passes on some of interest rate cut
According to recent report the Nationwide Building Society is planning to pass on part of the latest base rate cut, although it will not be passing on the full rate cut to borrowers. Officials state...
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