Credit card write offs fall says Bank of England
The amount of money written off by banks on credit cards fell sharply in the third quarter of the year new Bank of England figures show.A total of £740m was written off, the lowest figure since the first quarter of 2008. This is a 35% fall compared to the record £2.1 billion write off in [...]
December 1, 2010
Tags: Bank of England, borrowing, credit cards, Credit Crunch, home loans, Loan calculator, mortgage calculator Posted in: Bank of England, Borrowing Costs, Credit Crunch, Lenders, Loans Calculators, Uncategorized 
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Nationalised Lloyds Bank produces third quarter profits
Nationalised Lloyds Bank has given an upbeat profits forecast for it’s full year results. Lloyds Banking Group says it remains on target to deliver a “good financial performance” for 2010. The bank, which is 41%-owned by the UK government, also said it had accelerated repayment of the funds that were given to it by the [...]
November 4, 2010
Tags: Bankrupcy, Credit Crunch, mortgage calculator, UK loans rates Posted in: Uncategorized One Comment
Bank of England predicts that loans limited to good quality borrowers
Personal loans, overdrafts and unsecured credit will only be available to “better quality” borrowers in the next three months. Tighter credit scoring for non credit card unsecured lending- already seen this year, will continue the Bank of England’s report said. The Bank of England’s lending survey is published quarterly The report also found the availability [...]
April 1, 2010
Tags: Bank of England, credit cards, Credit Crunch, Loan calculator, loans, loans rates, mort, mortgage calculator, personal loans, recession, sub prime loans, uk recession 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
New mortgage agreements halved in January
The January downturn in the property market has been underlined by the latest figures from the Council of Mortgage Lenders (CML). Home loans agreed with house buyers fell by 49% from December, after buyers rushed to beat the reintroduction of the old stamp duty thresholds. There were just 32,000 loans approved for house buyers in [...]
March 10, 2010
Tags: home loans, home loans-rates-UK, house prices, loans, mortgage calculator, uk recession Posted in: Uncategorized One Comment
UK house prices fall confirmed
UK house prices recorded their first monthly fall since June with a 1.5% drop in February, the Halifax has said. The drop was caused by the end of stamp duty relief, the cold weather and more properties being put up for sale. The average home is now worth £166,857. The Halifax said that prices were [...]
March 4, 2010
Tags: Bank of England, home loans, house prices, Loan calculator, loans, mortgage calculator, new home sales Posted in: Uncategorized No Comments
UK house prices see first fall since June
UK house prices recorded their first monthly fall since June with a 1.5% drop in January. The drop was caused by the end of stamp duty relief, the cold weather and more properties being put up for sale. The average home is now worth £166,857. The Halifax said that prices were still 4.5% higher than [...]
February 25, 2010
Tags: Bank of England, house prices, loans, mortgage calculator, uk Posted in: Uncategorized No Comments
UK home loans approvals drop sharply
New figures revealing a sharp drop in mortgage approvals in January have confirmed that the UK housing market made a slow start to the year. The Bank of England said that the number of home loans approved for house purchases in January fell by 17% compared with the previous month. The 48,198 approvals was the [...]
February 23, 2010
Tags: Bank of England, home loans, mortgage calculator, UK loans rates, uk recession Posted in: Uncategorized No Comments
