Following the Chancellors of the Exchequer’s pre budget report on Monday (24th November) this week and the announcement that the Government will inject a sum of £100 billion into the UK banking sector as part of the bank recapitalisation scheme to help restore liquidity to the market and allow banks to offer secured loans once [...]
It has been a tough old year for anyone connected with the personal loan and secured loan industry over the course of the last twelve months, not only for those individuals who have applied for any type of loan, but also for those working within the industry.
Since the onset of the credit crunch last year, [...]
As the effects of the credit crunch began to properly take hold at the beginning of this year, the Council of Mortgage Lenders (CML) warned us of an increase in the number of repossessions of people’s houses.
The institution predicted that we would be likely to see around 45,000 properties repossessed by the end of this [...]
At the beginning of this year, the Council of Mortgage Lenders (CML) warned the mortgage loan industry as a whole that it expected to see a dramatic increase in the number of repossessions of people’s homes throughout the course of 2008, due to the effects of the credit crunch and according to the latest figures, [...]
We have had a little bit of good news for the mortgage and secured loan markets over the course of the last week.
Firstly, the Bank of England announced a cut of 0.5 per cent in the base rate of interest, which will hopefully make loans cheaper for many borrowers and then the Government announced that [...]
We are all aware of the liquidity problems being faced by the major high street banks and other lenders at the moment and many of us may wonder as to why these financially strong institutions are suddenly short of cash. Most of us would expect to find that these respectable lenders would take a responsible [...]
In spite of what most people would consider to be a positive pledge by the British Government on the topic of housing market stabilization, one expert is not so sure that “intervention” is the right way to go.
According to a representative from leading financial review site The Motley Fool, forced housing market intervention by the [...]
