Expert views & facts
Mortgage lenders dropping rates – a good sign for the future?
After a worrying year for homeowners, July saw the first signs that the housing market may be on the road to recovery. According to a BBC report, numerous lenders’ fixed rates on mortgages have dropped in the past month, with some lenders dropping their rates several times as they attempt to gain a foothold in the market.
Secured Loans & the BoE Credit Conditions Survey
For anyone with enough equity in their home, a secured loan can be an effective way of ‘freeing it up’: basically, turning some of it into cash.
What happens if I’m falling behind on loan repayments?
Many people currently feel the pressure when it comes to meeting their financial commitments – and loans are no exception. The credit crunch and rising costs of living mean that what was once a matter of simple budgeting has now become a balancing act, trying to make sure all your commitments are met without going into the red.
Summer fun may land Brits in debt
According to research released this month by Credit Expert, a summer holiday may land 2.5 million British consumers in debt.
Coming home to a backlog of work and a fading tan may be depressing, but credit card debts, overdrafts and mortgage arrears may be more serious consequences of over-spending this summer.
Useful Pages:
Debt solutions | Online debt help
Debt consolidation mortgages – still an option?
Why have debt consolidation mortgages been so popular recently? In the last five years, homeowners have withdrawn nearly a quarter of a trillion pounds of equity from their property. That`s almost £4 billion of equity every month.
Useful Pages:
Debt consolidation mortgages
Which personal loan is right for me?
If you are looking for a personal loan, there is a lot to consider. There are various types of loan available, and the differences between each can be confusing. Here we take a look at the three main types of loan, and who they are most suitable for.
Useful Pages:
Secured Loans | Personal loans | Unsecured loans
Tips for getting approved for a loan
The credit crunch means that applying for a loan is tricky business compared to recent years. Potential losses after years of confident lending have meant that lenders have had to tighten their lending criteria, making loans harder to come by. That’s not to say it’s impossible to get a loan – after all, lenders still want to gain business...
Useful Pages:
Loans
Are mortgages getting more expensive?
For both existing and potential homeowners worried about the market for mortgages and remortgages, the picture can be confusing. One day we hear that certain lenders have dropped their mortgage interest rates, the next day another lender has raised theirs – so what is actually happening?
Mortgage market: the facts
Lenders have experienced limitations on the availability of funds that they can make available for mortgages and other borrowing, and this has led them to tighten up their lending criteria, reducing potential losses from relaxed lending to people with poorer credit histories and making it more difficult to obtain credit (this situation has become known as the ‘credit crunch’).
Useful Pages:
Mortgages
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