Archive for March, 2010
Watchdog warns banks to review lending policies
Lenders have been told they must not mislead borrowers and must assess if customers can afford to repay loans. The new requirements form part of new guidance from the Office of Fair Trading (OFT) to counteract irresponsible lending. The OFT has been consulting on its latest guidance since the middle of 2008. The regulator can [...]
March 31, 2010
Tags: borrowing, consolidate debt loans, Credit Crunch, home loans-rates-UK, Loan calculator, loans, refinancing rates, sub prime loans Posted in: Uncategorized 
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House prices remain slow claims Nationwide
The sluggish start to the year in the UK housing market continues according to the Nationwide Building Society. Prices across the UK rose by 0.7% in March, but the longer term picture showed a slow down in house price inflation. The average UK home cost £164,519, some £14,000 higher than a year ago. But the [...]
March 30, 2010
Tags: Bank of England, falling interest rates, home loans, house prices, Loan calculator, loans rates, UK loans rates Posted in: Uncategorized No Comments
UK home loans slowdown continues- Bank Of England
UK home loan approvals fell in February marking a continued slow start to the year in the UK housing market new Bank of England figures have shown. The number of mortgages approved for house purchases dipped by just over 1,000 to 47,094, the figures showed. This was the third consecutive monthly fall and came after [...]
March 29, 2010
Tags: Bank of England, home loans, Loan calculator, mortgage, mortgage calculator, new home sales, UK loans rates, uk recession Posted in: Uncategorized No Comments
Debt levels prompt business leaders to criticise labour’s budget
Darling’s Budget has dented confidence of business leaders over dent worries. More than two thirds of business leaders think Chancellor Alistair Darling is doing a bad job, a survey by the Institute of Directors suggests. The poll of 1,200 members suggested 45% thought Wednesday’s budget would damage the economy, while 16% said it would be [...]
March 26, 2010
Tags: labour liars, Loan calculator, loans, loans rates, UK loans rates Posted in: Uncategorized No Comments
Budget 2010- labour Government borrowing to hit record high this year
The labour government will need to borrow record amounts Alistair Darling has announced in the Budget. Net borrowing for the financial year will total £167bn, he said. The chancellor said he would stick to the plan to cut borrowing by half over the next four years although he made no mention how he would achive [...]
March 25, 2010
Tags: Bank of England, borrowing, consolidate debt loans, labour liars, loans Posted in: Uncategorized No Comments
Home loans demand is still quiet say bankers
UK home loans demand is still subdued according to the British Bankers’ Association (BBA). The rush to beat the stamp duty deadline last year has held back fresh lending in 2010. Its latest figures show that the number of mortgages approved in February by the big banks was 35,275, This was only slightly higher than [...]
March 24, 2010
Tags: home loans, mortgage calculator, new home sales Posted in: Uncategorized No Comments
Student loans fiasco may happen again this year
The student loans system is at substantial risk of repeating it’s fiasco again this year. The National Audit Office said the Student Loans Company (SLC) provided an “unacceptable” service last year. It questioned whether the firm would cope with a doubling of the number of student finance applications this year. The student loans system descended [...]
March 23, 2010
Tags: Loan calculator, loans, personal loans, sub prime loans Posted in: Uncategorized No Comments
Lending to UK businesses drops sharply
Lending to UK businesses dropped in January, according to the latest Bank of England quarterly lending survey. Banks and building societies lent £6.5bn less in January, after a drop of £3.4bn in December. In the year to January, lending to businesses contracted by 9.3%, the sharpest drop in more than 10 years. The labour government [...]
March 22, 2010
Tags: Bank of England, consolidate debt loans, Interest Rates, loans, Quantitative Easing Posted in: Uncategorized One Comment
Home loans up in February
Home loans lending increased in February as the fluctuation in the housing market continued, lenders have said. Gross lending for home loans in the UK rose by 6% in February compared with January to an estimated £9.2bn, the Council of Mortgage Lenders (CML) said. The figures come after a slowdown in January when housing market [...]
March 19, 2010
Tags: home loans, mortgage calculator, new home sales, uk recession, unemployment Posted in: Uncategorized No Comments
Bank of England unanimous on keeping interest rate freeze
The Bank of England has kept loans interest rates at a record low – despite rising inflation. The Bank of England’s Monetary Policy Committee (MPC) agreed unanimously that interest rates should stay at 0.5% this month, minutes of the meeting show. All nine members voted for no change, even though inflation is currently at 3.5%, [...]
March 18, 2010
Tags: Bank of England, inflation, Interest Rates, loans rates, MPC, personal loans, Quantitative Easing, uk recession Posted in: Uncategorized No Comments
