Over recent years an increasing number of people have taken advantage of consolidation loans, which are loans that are designed to pay off existing debts, and are available on either a secured or an unsecured basis. Taking out a consolidation loan can make a big difference when it comes to financial management as well as [...]

Consumers these days can choose from a range of different loan options to suit their needs and circumstances, and all loans come under one of two categories, which is either secured or unsecured. The type of loan that is likely to best meet your needs will depend on your circumstances, as there is clear eligibility [...]

According to a recent report the value of homes across the UK has plummeted since last summer, with industry officials claiming that house prices have fallen by around £15,000 on average since last summer. The data was recently released by the Halifax, with claims that house prices peaked last August, around the same time that [...]

Following the recent report from the Nationwide indicating that house prices had fallen by 2.5% and had wiped thousands of pounds off property values, many industry officials have expressed their opinions on what will happen with house prices now. Some industry groups, such as the Council of Mortgage Lenders, have revised previous prediction with regards [...]

Blaming the drop on ‘unprecedented market conditions’ officials from the Nationwide Building Society recently reported that the lender suffered a fall of 40% in mortgage lending levels last year. Many lenders, including the Nationwide, were forced to rein in their lending levels last year after the global credit crunch set in, and these tighter credit [...]

With many consumers unable to get their hands on an affordable loan due to the restrictions that have come about from the global credit crunch, many are turning to more expensive methods of trying to bridge the gap each month when they find that their income does not cover their outgoings. According to some officials [...]

Over recent years fixed rate mortgages have been very popular amongst consumers who wanted to keep their mortgage repayments static for a period of time, with the deal enabling them to enjoy a specified period on a fixed rate on their borrowing, which means that their repayments will also be fixed for that period of [...]

Officials from the Association of Mortgage Intermediaries have recently suggested that it has now become especially important for consumers to seek advice on mortgages from professional intermediaries such as independent financial advisers, stating that the difficulties facing consumers due to a tightening of the mortgage market could otherwise make things extremely stressful, and could end [...]

Earlier this month the Monetary Policy Committee met for its monthly meeting in order to discuss the base rate, and it was decided following the meeting that the base interest rate would be kept on hold at 5%. The base rate was last cut in April, following two earlier rate cuts. However, despite concerns over [...]

For many people Asda is a place to go in order to do the weekly shop, purchase a few odds and ends, or look for bargains on some household goods and gadgets. However, like other supermarket giants over recent years, Asda has added a number of financial products to its range, such as loans, credit [...]

According to industry officials the recently launched government mortgage rescue plan could take some time to take effect, and in the meantime the mortgage sector will continue to remain inaccessible and expensive for many consumers. The £50 billion plan was launched by the government recently in a bid to increase confidence amongst lenders in order [...]

The drop in house prices and the desperation of some homeowners to sell before prices fall any lower is resulting in many buyers getting a raw deal on the value of their home, as buyers take advantage of the difficulties in the housing market by engaging in a practice known as gazundering. Whilst not illegal, [...]

Over recent months many homeowners have struggled with their mortgage repayments, and whilst some people are struggling with repayments every month, indicating that they need to find a long term solution such as cutting back on other costs or finding a more affordable mortgage deal, others find that they are finding it impossible to meet [...]

According to officials from the Building Societies Association the mortgage market in the UK could take another couple of years to rectify, and even then it will never be the same as it has been over recent years, where consumers found it pretty easy to get a mortgage whatever their circumstances, and where borrowing levels [...]

Whilst many people on lower incomes and bad credit have been struggling to meet loan and debt repayments for years, it seems that the global credit crunch has resulted in a new breed of consumers now struggling to make ends meet when it comes to their finances. According to a recent report more and more [...]

New government regulations that have been introduced could result in debt agencies and charities in the UK being able to write off a portion of clients’ debts even in the event that creditors are not happy about the matter. Many people that are struggling with their debts now turn to debt management agencies and charities, [...]

Whilst the government has tried to make minimal fuss about house prices falling in the UK over the course of this year, an inadvertent blunder by the housing minister, Caroline Flint, recently dominated the headlines. She was photographed walking into number 10 for a cabinet meeting, holding documents that clearly stated that the government was [...]

As many consumers will be only too aware accessibility to loans of any sort has become far more difficult over the past nine months, since the global credit crunch swept across the UK, wreaking havoc in the nation’s financial markets. Many consumers who may have been eligible for a loan a year ago may find [...]

There are many people that may still remember the dark days of the early 1990s, when the aftermath of recession coupled with plummeting house prices resulted in a very poor outlook for most. Many people were plunged into negative equity as house prices plummeted. However, for the past ten years staring from the latter part [...]

There have been some very worrying reports over recent months about the level of repossessions expected in the UK. According to recent reports the number of people facing repossession has risen by 20% in the past year, and the Council of Mortgage Lenders recently announced that the number of people that lose their homes through [...]

Anyone that is not now aware of the chaos that has engulfed the mortgage lending sector in the UK must have been asleep for the past six months. Since the onset of the global credit crunch last summer the UK’s mortgage lending sector has gone from bad to worse, with the effects of the global [...]

A recent report has shown that many estate agents could be at risk of going bust as a result of problems in the housing and mortgage markets, which are resulting in fewer homes being sold through estate agents. The housing slump has resulted in fewer people taking the plunge when it comes to buying property, [...]

The mortgage industry has faced some of its toughest times ever over recent months, with the global credit crunch having a profound adverse effect on the mortgage and finance industries in the UK since it swept across the nation last summer. Nine months on and the mortgage lending industry is still suffering hugely, with lenders [...]