Middle class finances hardest hit by recession
Middle class finances were hit hardest by the recession, new figures indicate, as the value of savings and investments were eroded. The number of professional families, retired couples with good incomes, and young City workers who were declared insolvent surged last year. The findings by credit agency Experian suggested the middle classes saw personal insolvencies [...]
May 27, 2010
Tags: Bankrupcy, borrowing, Credit Crunch, finances, home loans, sub prime loans, uk recession Posted in: Uncategorized 
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Unfair bank charges to be banned new government proposes
An end to “unfair” bank and other financial transaction charges are among the new policies that have been set out by the new coalition government. Last year, the Office of Fair Trading suffered a high profile legal defeat in its attempts to regulate bank charges. The government’s plans also include powers to ban “excessive” interest [...]
May 21, 2010
Tags: borrowing, Conservatives, consolidate debt loans, credit cards, Credit Crunch, home loans, loans, OFT Posted in: Uncategorized No Comments
£55 billion of debts are hidden by UK borrowers
Britons owe £55 billion in hidden debts, according to the Post Office research. Nearly a third of people (31%) hide the true extent of debt from family members, according to the research by OnePoll for the Post Office. One in six women (16%) and more than a quarter of men (28%) do not tell their [...]
April 26, 2010
Tags: borrowing, credit cards, Credit Crunch, home loans, Loan calculator, loans, loans rates, personal loans, refinancing rates Posted in: Uncategorized No Comments
UK home loans problem looms
A huge potential spanner in the home loans market is looming on the horizon over the UK property market. From 2011, home loans lenders will have to find about £300bn to repay the government for the money it lent them via its emergency support schemes – the special liquidity scheme and credit guarantee scheme – [...]
April 20, 2010
Tags: borrowing, home loans, home loans-rates-UK, house prices, labour liars, Quantitative Easing, UK loans rates Posted in: Uncategorized No Comments
Lender fined by FSA for unfair fees
Sub prime home loans company Kensington Mortgages has been fined £1.225m by the financial regulator for treating borrowers who were in arrears unfairly. The Financial Services Authority (FSA) has also told the firm to repay £1.1m in excessive fees to those customers. Kensington had levied three types of fee that the FSA said were unfair [...]
April 13, 2010
Tags: consolidate debt loans, falling interest rates, home loans, Interest Rates, sub prime loans, UK loans rates Posted in: Uncategorized 2 Comments
Post Office to join loans market
The Post Office revealed that it will start offering loans to first time buyers who can only afford a 10 per cent deposit. This is part of a radical overhaul of the Post Office network into a “People’s Bank” to rival its High Street rivals. The Post Office is already a key player in the [...]
April 8, 2010
Tags: borrowing, Credit Crunch, home loans, house prices, Loan calculator, UK loans rates Posted in: Uncategorized One Comment
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
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
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
