Posts Tagged ‘ credit crunch ’

The credit squeeze continues

May 12th, 2008 | By admin | Category: New Articles

It was in the summer of last year when most of us heard the expression ‘global credit crunch’ for the first time. At that time few of us knew just what a dominating force the credit crunch would be in the world of finance, but over eight months later this phenomenon continues to wreak havoc [...]



How Is The Credit Crunch Affecting Building Societies?

Apr 14th, 2008 | By admin | Category: New Articles

There seems to be some confusion over just how the credit crunch is affecting building societies in the UK, with conflicting opinions from various officials within the building societies industry. When the global credit crunch took a hold it became quite apparent very quickly that the larger banks and financial institutions in the UK were [...]



Industry expert predicts 20% fall in house prices over two years

Mar 29th, 2008 | By admin | Category: Mortgage News

A financial industry expert, who also worked as an advisor to the government, has predicted that house prices in the UK could plummet by 20% over the next couple of years, providing a gloomy outlook for homeowners. The average property price could plummet from £200,000 to just £160,000 if the predictions of Professor David Miles [...]



Loans market still suffering due to credit crunch

Mar 20th, 2008 | By admin | Category: Loan News

Recent reports have shown that the loans market continues to suffer as a result of the global credit crunch, with rates on personal loans continuing to soar despite base rate cuts, and with the number of sub-prime mortgages available on the market falling rapidly. According to industry officials the number of lenders offering sub-prime mortgages [...]